As we announced last week , the Algorand Foundation intends to bring to a vote in Governance Period G3 (June 2022 voting session), a proposal to evolve governance away from the current focus on just rewarding passive Algo holders. Starting in G4 (the 3rd quarter of 2022), we intend to grant extra “g…

If the Foundation is pushing for DeFi adoption they need to guarantee a high degree of security by implementing hardware wallet integration and insurance for DeFi losses and the Foundation should be tasked with approving DeFi projects by performing its own security check on these DeFi protocols. Wi…

That will make the governance centralized (similar to HBAR, although I do not know much about HBAR). We should aim to involve as many Algo holders as possible in the governance to make it decentalized.

I am a big fan of what algofi and folks finance are doing to allow Algos to engage in both defi and governance, however think it should remain as a ‘third party’ solution, and trying to incentivise governers to take extra risk for more votes is a really bad idea. The purpose of Algos is security: to…

What is the goal of governance rewards? To increase adaption or to increase participation in governance? We can clearly assume governance rewards are meant to increase adaption in the Algorand ecosystem, hence the Algorand Foundation is looking for ideas of providing the rewards to Defi instead of …

I have the following plan to make sure that all of the the Algo’s that participate in governance automatically participate in consensus: What if participation nodes will be used as a sort of ballot boxes. Imagine that each node can choose a voting option and lock in its decision. Then people can re…

I believe that the defi involvement should be voluntary and not mandatory and certainly not rewarded. Governance should be able to be independent from any 3rd party system in order to prevent undue influence and rewarded at a consistent rate. Also, while there are mechanisms that could be put in pla…

Hello, I think the Governance is great but it does lock up secure ROI without needing smart contracts or interaction. Which does severaly lock us out of TVL. Defining who participates int eh DEFI or how to offer hire rewards is no clear cut and dry, for example, im a YouTuber I bring many eyes and …

If voting really needs to be rewarded, governance could be changed: Governance rewards could be placed in an Algo investment fund managed by the foundation. That fund could be used to provide low-interest startup loans for novel projects, and also to directly inject Algo into the ecosystem. Inves…

Yes! I was saying something similar earlier. I have a decent amount of money in algorand and the risk of getting wiped out by a hack or a smart contract bug is unacceptable to me (and I suspect) most Algo holders. A lot of us came to algorand because of the staking rewards and the low risk of gover…

Evolving Algorand Governance

Governance Discussions

bruno May 5, 2022, 1:02pm 111

I think selling by whales and early investors is a good thing, this spreads the Algo’s and makes the blockchain more decentralized.

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Evolving Algorand Governance

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