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…

Thank you for carefully considering this issue. One thing that concerns me personally as someone who would like to participate as an xGov is the difficulty of classifying defi usage and regular gov participation. For instance, during gov1 and 2 I used a ledger backed account to participate and neede…

So its almost like we need a way to go to a portal and connect wallet or account under each category of Defi, and then it can verify that wallet or account for the activity related to that category. Works for one wallet or account, works for multiple. Integrate with Governance, DEXs, Pera Wallet, My…

here’s what I’m thinking … no need to draw it out in a long response. Provide DeFi protocols with $10M+ in TVL with 50% of the governance rewards, split pro rata, to distribute as they see fit. No need to complicate this with seats and tiers etc… More importantly, I would propose an allocation of …

As regards to Governance a couple of ideas which come to mind could be : (A) Reward based on Contribution The best would be to have different reward tiers for governance, e.g. Node Operators, dApps developers, DeFi = receive X Algo rewards Ambassadors, Evangelists = receive …

Sorry but i dont like this idea AT ALL. Who says that participating in Defi should be the ‘blessed’ activity. This is GOVERNANCE we are promoting here…THAT IS ALL. If an activity such as a certain Defi platform cant garner attention on its own then that is its problem. Bestowing some great benefit t…

Keep ecosystem rewards out of governance. I dont even like this system of picking winners and losers and considering some ‘worthy’ and others not.

Blockchain philosophy is all about incentive alignment. So if we get it right for Algorand governance, i.e. all parties are fairly incentivised, that will be a big win for Algorand both as a technology platform but also as a powerful community model for incentive sharing.

I partly agree regards the fact that dApps need to survive, thrive, evolve or die on their own use case, but if there are no dApps on the Algorand protocol then the protocol is useless. Also business people taking risks of building dApps on Algorand need to be helped, in a structured way. Then they …

Agreed. The incentives for participating in DeFi and participating in governance are dangerously misaligned. Participation in DeFi, as it is now, is mostly about yield-chasing, not about governing Algorand. On the other hand participating in governance is almost entirely about governing Algorand, an…

Evolving Algorand Governance

Governance Discussions

Kentmug May 4, 2022, 5:09am 46

Or we just abandon this silly convoluted idea of ‘participtation’. You should only be rewarded for GOVERNANCE. If you govern properly people will find the infrastuture attractive to build on and winners win on their own merit.

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Evolving Algorand Governance

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