Hello everyone, please find below the Folks Finance TDR allocation for GOV14 period.
Feel free to share your feedback.
Note: Some pools will have a higher allocation because they will be co-incentivised by our partners. Wormhole assets are boosted by Wormhole rewards.
Folks Finance is also collecting community interest in distributing Folks Finance TDR rewards as xALGO. This will help users become more familiar with LST solutions (can be applied to any protocols)
Hi Filippo, I’ll leave here a feedback regarding the measure, as I’ve wrote in the other posts for the TDR proposals I find the usage of these funds for pure LST incentives not a correct way to leverage Algorand’s emission. These wouldn’t contribute towards either TVL or Volume, but would just make it an unfair advantage taken by DeFi platforms, sitting in the governance council, offering delegation mechanism. I’d rather have these funds actively incentivizing more pools or more usage which can be counted and seen as active DeFi activity.
Hi Jacopo thanks for the feedback, it is the same amount approved by the community in the last periods. This “small amount” is necessary to boostrap the LST until staking rewards are live
Hi, thanks for the feedback. Below the table I linked an example of Zealy campaign. All the marketing activities are aimed at increasing TVL and attracting users.
Here’s the report from GP12, the GP13 will be out at the end of the quarter:
Commit at least 100 ALGO to Liquid Governance. : 15 quests
-Commit at least 500 ALGO to Liquid Governance. : 11 quests
-Commit at least 1,000 ALGO to Liquid Governance : 14 quests
-Commit more than 2,000 ALGO to Liquid Governance : 72 quests
You can use a “small” portion if those campaign brings TVL and users. I linked an example of a campaign from G13 and the results from G12. This amount has already been approved multiple times with the exception of the consensus kick off campaign. If we see that people are against these 25k Algo, we’ll re-allocate them
The zealy campaign is really appreciated within the Algo community and it has been proven to bring results. Tasks will be revised to improve campaign efficiency more and more, thanks to community feedback
TDR is a collective tax and a redistribution of wealth. There is no good reason that the chain as a whole should be paying to incentivize liquidity of coins outside of key trading pairs. Stables and key wrapped assets should be the only focus. Incentives for memecoins should not. And, while it’s bad enough when we have platforms tossing money out to a bunch of coins, it’s even worse when only one such coin is hand selected.
I am also deeply concerned about being able to use their TDR allocations to favor their own LSTs. This is a centralization concern and it is giving dApps the power to drive out competition using rewards that we are all footing the bill for.
TDR has been and continues to be abused and it should be ended. And I’m very disappointed that we have now regressed from a system of voting on these measures to a system where platforms are once again able to pick and choose allocations without even the legitimacy of a vote.
We are now going on two years of a program that was supposed to be both temporary and limited. Yet, it appears to be neither. We keep shoveling money out the door without any real game plan, reevaluation, or reflection. The continuation of this program, particularly in this fashion has me to the point that I am essentially abandoning hope that discussion in these forums can effect positive change or that rank and file voices really matter all that much.
: 15 quests
: 457 quests
: 435 quests
: 435 quests
: 437 quests
: 429 quests
: 428 quests
: 105 quests
: 106 quests
: 11 quests
: 264 quests
: 309 quests
: 173 quests
: 144 quests
: 108 quests
: 134 quests
: 111 quests
: 123 quests
: 1,801 quests
: 262 quests
: 264 quests
: 132 quests
: 128 quests
: 17 quests
: 49 quests
: 43 quests
: 286 quests
: 107 quests