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…

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…

While I think that rewarding DeFi participants is important, I also would say that one thing that makes governance great is the fact that it is absolutely risk free. I would never trust all my Algos to be committed in DeFi as every DeFi project is still in its infancy and exploits could happen. Nor …

I support the idea of rewarding the users of dApps. To be a good governor, one must also be familiar with the Algorand ecosystems such as dApps. Passive governor: 1 seat Governor that participates in one of the approved dApps: 2 seats Governor that participates through dApp, e.g. Algofi Vault, Gar…

Hello there. Thank you for the interesting feed. For background, I am a Algo user. I am mostly using Algofi and Lofty, also Folks Finance to a lesser extend. I am participating in the liquid governance of both Algofi and Folks. Developing DeFi and the ecosystem in general is a key step for Algorand …

Thanks Michel! A few numbers: 10.5% was the APY in Q1, 7.5% is the APY now, 4.5% would be APY if all users not yet in DeFi were Govs. We can direct some governor incentives straight to DeFi without killing Governance, which is our path to Decentralization, and without squeezing Governor hodlers. A …

+1 ser, what I’ve seen in the last year was foundation spending massively on worthless partnerships, grants, parties and so on. It was like these were promoted just so we can pomp a few pennies so the whales unload even more, and everyone can track easier this correlation by looking at the charts. I…

Like Silvio said, all you need is to be good at one thing so the team should focus on 1 fundamental issue to tackle. If it is DeFi then they need to know it requires retail, then focus on retail marketing and promotion but not with the current dinosaur marketing team. Bottom line, stop spending on…

Evolving Algorand Governance

Governance Discussions

Michele May 4, 2022, 7:46am 53

This is probably the best option.
I would propose to reward people staking assets on defi protocol instead of just rewarding liquidity for example

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Evolving Algorand Governance

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