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…

I’d love to see some progress evolving governance. Firstly the foundation is spending 70,500,000 Algo to ask 57,221 Governors an A or B question, that’s on average 1,232 Algo per Governor, it would literally be cheaper to pay a human to go to their house and ask them in person, it feels like a very…

High Level Design Proposal Design Goals: Link Governance rewards distribution to DeFi KPI metrics Empower and incentivize DeFi projects to innovate, grow, and add value to the Algorand ecosystem New $GovALGO Reward Token Two tokens are used for Governance seats with different weights: $ALGO and $…

Why can’t we do both? In my opinion, the Foundation has mostly been focused on institutional investment. I would say in the last 9-6mo they started focusing on Retail. Why? Retail investors do more that just hype the best yielding L1. They bring awareness, which brings innovation, growth and most im…

I like this and think it would be a great starting point. While I worry about creating Tiers, these ideas are more acceptable. Nice! thank you

Fully agree with @michel . @Massimo A very basic example: even just devoting 1/10 of 280M Gov rewards to DeFi Govs means approximately +30% APY to current Defi Govs, and +10% APY even if they triple. We can discuss here to come to a solution which is fair to everyone. I really don’t think it’s t…

Hello everyone, This may echo some existing comments but these are my thoughts on the general governance questions. Governors should be primarily motivated by the role of governance, not attractive low risk returns. If they are participating in governance primarily for financial return then how m…

[image] HolisticNicole: These guarantees are what brought a huge number of people into the algo ecosystem to begin with. As Michel stated, very low risk with huge up-side potential, & a chance to be tangibly involved with a project so promising IS one of those once-in-a-lifetime opportunities th…

I have used AlgoMint, Algofi, TinyMan, etc., and I have helped out with beta testing some projects. I’ve also been involved with governance since the beginning, and I’ve been an Algo holder far longer than that. That having been said, I am concerned about what is being proposed. First of all, what …

thinking I need to learn more about, thank all of you for all your work :facepunch:

Evolving Algorand Governance

Governance Discussions

oysterpack May 4, 2022, 2:22pm 73

I agree with everything you said, except for the part about doing away with on-chain Governance.

I don’t think it is hard to align Governance financial incentives with DeFi ecosystem growth … high level design proposal

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Evolving Algorand Governance

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