The Algorand Foundation will host Governance Period 14 from January 1 to March 31, 2025, with a sign-up period from January 1 to 14 with a total of 20M Algo in rewards.
We will run this session to continue the DeFi ecosystem’s momentum and engage the community, as we await the introduction of native staking rewards with the next Algorand upgrade, expected to take effect in January.
GP14 will include 5M Algo in Targeted DeFi Rewards (TDR) using a similar distribution profile to what governors approved in GP12. As with previous TDR rounds, community feedback is an important part of the process, and participating projects must post their proposals on this forum by Monday, December 23, in this governance category and using gp14 and targeted-defi-reward tags.
It’s worth noting that governance and staking rewards are independent programs, and they will run in parallel once the protocol upgrade is live and until the end of GP14.
— Update —
After community discussions, the proposed TDR for GP14 was withdrawn, and the new allocation is:
10M Algo general governance
10M Algo DeFi governance
So most governors will keep their algo in their wallet and take part via regular governance so that they can shift to staking rewards when it is live. Other option is to take part in governance via liquid staking, wait until GP14 is over and then participate in node running activity.
This seems like a very unilateral decison. Why was there no vote the continue or discontinue goverance.
Where are the Algos for this period coming from? This is just a waste of resources and could be addressed independently simply by proposing a TDR grant and not requiring governance.
Yes, the Algorand Foundation decided to support our ecosystem during the transition to staking rewards. Like any of our initiatives, including the staking rewards supplement, the funds to support this extra governance rewards period come from our treasure.
i think this just means that in the addition to general governance APY or TDR APY, there is going to be in Q1 also the staking rewards which will boost the traditional APY by 6%… it does not matter if you lock 30k algo in general governance and also run the node, or if you have it in the galgo and you run a node for your staked folks account