# GP11 DeFi rewards - Folks Finance **URL:** \ **Category:** Governance Discussions\ **Tags:** distribution-plans, targeted-defi-reward, gp11\ **Created:** [February 15, 2024, 6:30pm UTC](https://forum.algorand.co/t/gp11-defi-rewards-folks-finance/11403 "2024-02-15T18:30:58Z")\ **Posts on this page:** 13\ **Page:** 1
**Author:** ![FiloMora](https://avatars.discourse-cdn.com/v4/letter/f/c77e96/32.png) [@FiloMora](https://forum.algorand.co/u/FiloMora)\ **Post date:** [February 15, 2024, 6:30pm UTC](https://forum.algorand.co/t/gp11-defi-rewards-folks-finance/11403/1 "2024-02-15T18:30:58Z")
Hello everyone, please find below the Folks Finance TDR allocation for GOV11 period. Feel free to share your feedback. Note: \* _Allocation may vary during the period_. _Some pools will have a higher allocation because they will be co-incentivised by our partners_ | | | | | | --- | --- | --- | --- | | | **Deposit Boost** | **ALGO 200.000** | | | | USDC | ALGO 150.000 | | | | USDt | ALGO 40.000 | | | | EURS | ALGO 10.000 | | | | | | | | | **Liquidity Pools** | **ALGO 280.000** | | | | gALGO/ALGO Pact (Stableswap) | ALGO 280.000 | | | | | | | | | **gALGO pairing** | **ALGO 55.000** | | | | gALGO/USDC Humble | ALGO 32.500 | | | | gALGO/USDt Humble | ALGO 15.000 | | | | gALGO/EURS Humble | ALGO 2.500 | | | | gALGO/goUSD Pact | ALGO 5.000 | | | | | | | | | **Lending Pools** | **ALGO 1.170.000** | | | Pact | ALGO/USDC | ALGO 200.000 | | | Pact | USDC/USDt | ALGO 175.000 | | | Pact | EURS/USDC | ALGO 60.000 | | | Pact | gALGO/USDC | ALGO 50.000 | | | Pact | wETH/ALGO | ALGO 30.000 | | | Pact | wBTC/ALGO | ALGO 30.000 | | | Pact | EURS/ALGO | ALGO 25.000 | | | Pact | wAVAX/ALGO | ALGO 15.000 | | | Pact | wSOL/ALGO | ALGO 15.000 | | | Pact | wLINK/ALGO | ALGO 15.000 | | | Pact | wMPL/ALGO | ALGO 10.000 | | | Pact | GOLD$/USDC | ALGO 10.000 | | | Pact | SILVER$/USDC | ALGO 10.000 | | | Tinyman | ALGO/USDC | ALGO 200.070 | | | Tinyman | USDC/USDt | ALGO 153.000 | | | Tinyman | gALGO/USDC | ALGO 30.060 | | | Tinyman | wETH/ALGO | ALGO 25.020 | | | Tinyman | wBTC/ALGO | ALGO 25.020 | | | Tinyman | gALGO/ALGO | ALGO 19.650 | | | Tinyman | wBTC/USDC | ALGO 18.000 | | | Tinyman | wETH/USDC | ALGO 18.000 | | | Tinyman | wAVAX/USDC | ALGO 12.060 | | | Tinyman | wSOL/USDC | ALGO 12.060 | | | Tinyman | wLINK/USDC | ALGO 12.060 | | | | | | | | | **Marketing** | **ALGO 100.000** | | | | **Community Coin Contest** | **ALGO 50.000** | | | | **Zealy** | **ALGO 50.000** | | | | **Consensus** | **ALGO 70.000** | | ---
**Author:** ![lobo](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.algorand.co/lobo/32/2828_2.png) [@lobo](https://forum.algorand.co/u/lobo)\ **Post date:** [February 15, 2024, 11:57pm UTC](https://forum.algorand.co/t/gp11-defi-rewards-folks-finance/11403/2 "2024-02-15T23:57:32Z")
1. I think it could make sense to change all the wASSSET pools to USDC based pairs to potentially get more users on chain. i think having ALGO pairs favors people on here already but i think marketing ETH-USDC liquidity incentives to people not already on chain could be way easier for example. this also makes sense since lending pools cant earn gov rewards anyways 2. do we really need any liquidity for gALGO-ALGO besides the stableswap? sure people can easily earn incentives due to this but its kinda useless liquidity (low volume) except that it gives you ALGO liquidity for the lending market which doesnt seem like its needed anymore looking at the low rates we saw this period. why not try out gALGO-USDC lending pools instead? these pools could have actual volume and serve a DEX liquidity purpose + it giving FF USDC liquidtiy for the lending market 3. What about increasing incentives for EUR based pairs and make Algorand one of THE chains to use EURO on? 4. What exactly do you mean with marketing incentives? Can you comment on how effective marketing was for FF in the past using the TDR? ---
**Author:** ![simonb](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.algorand.co/simonb/32/2818_2.png) [@simonb](https://forum.algorand.co/u/simonb)\ **Post date:** [February 16, 2024, 11:12am UTC](https://forum.algorand.co/t/gp11-defi-rewards-folks-finance/11403/3 "2024-02-16T11:12:35Z")
Would love to get an outline of marketing incentives, as you are allocating quite significant percentage towards it. Especially as other TDR recepinets can’t really afford to do it, as their entire budget is the size of your marketing incentives allocation(not your fault obviously, but jsut trying to get a bit of the outlook on the projected returns of these incentives) ---
**Author:** ![ROAM](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.algorand.co/roam/32/2574_2.png) [@ROAM](https://forum.algorand.co/u/ROAM)\ **Post date:** [February 16, 2024, 4:09pm UTC](https://forum.algorand.co/t/gp11-defi-rewards-folks-finance/11403/4 "2024-02-16T16:09:15Z")
Hi, In general looks good, BUT this " _gALGO/ALGO Pact (Stableswap)_ 16.00%" is not good I think. reduce it to 6% and release those 10% to other pools or maybe allocate into EURS liquidity pools to boost EURS adoption. Regards, ROAM ---
**Author:** ![FiloMora](https://avatars.discourse-cdn.com/v4/letter/f/c77e96/32.png) [@FiloMora](https://forum.algorand.co/u/FiloMora)\ **Post date:** [February 16, 2024, 11:14pm UTC](https://forum.algorand.co/t/gp11-defi-rewards-folks-finance/11403/5 "2024-02-16T23:14:19Z")
Thanks for your feedback @lobo @ROAM @simonb , I appreciate it. We will adjust the TDR plan as it was a draft and we’ll take your suggestions into account. As for the marketing activities, we haven’t specified them as they are not officially confirmed yet, but expect something similar to previous periods (the post will be updated next week): [Zealy campaign](https://folksfinance.medium.com/folks-finance-g10-challenge-50-000-algo-to-win-a732a2822cce) [Community Coin Contest](https://folksfinance.medium.com/community-coin-contest-100-000-algo-in-rewards-c3b5426ca3bd) At the bottom of this medium [TDR G9 report](https://folksfinance.medium.com/gov9-targeted-defi-rewards-reporting-8370789b2c4e) you will find the report on marketing activities in G9. We will publish the G10 report at the end of the quarter. ---
**Author:** ![FiloMora](https://avatars.discourse-cdn.com/v4/letter/f/c77e96/32.png) [@FiloMora](https://forum.algorand.co/u/FiloMora)\ **Post date:** [February 24, 2024, 1:58pm UTC](https://forum.algorand.co/t/gp11-defi-rewards-folks-finance/11403/6 "2024-02-24T13:58:28Z")
Hello Folks, here is the update of the allocation: [FF TDR GP11](https://folksfinance.medium.com/folks-finances-targeted-defi-rewards-boost-distribution-plan-for-algorand-governance-11-b182b1b23451) ---
**Author:** ![ROAM](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.algorand.co/roam/32/2574_2.png) [@ROAM](https://forum.algorand.co/u/ROAM)\ **Post date:** [February 24, 2024, 11:27pm UTC](https://forum.algorand.co/t/gp11-defi-rewards-folks-finance/11403/7 "2024-02-24T23:27:00Z")
Below also with percentages, so easier to compare: | | Deposit Boost | | | --- | --- | --- | | USDC | 150000 | 8,00 % | | USDT | 40000 | 2,13 % | | EURS | 10000 | 0,53 % | | | | | | | Liquidity pools | | | gALGO/ALGO | 280000 | 14,93 % | | | | | | | gALGO pairing | | | gALGO/USDC Humble | 32500 | 1,73 % | | gALGO/USDT Humble | 15000 | 0,80 % | | gALGO/EURS Humble | 2500 | 0,13 % | | gALGO/goUSD Pact | 5000 | 0,27 % | | | | | | | Lending pools | | | Pact ALGO/USDC | 200000 | 10,67 % | | Pact USDC/USDT | 175000 | 9,33 % | | Pact EURS/USDC | 60000 | 3,20 % | | Pact gALGO/USDC | 50000 | 2,67 % | | Pact wETH/ALGO | 30000 | 1,60 % | | Pact wBTC/ALGO | 30000 | 1,60 % | | Pact EURS/ALGO | 25000 | 1,33 % | | Pact wAVAX/ALGO | 15000 | 0,80 % | | Pact wSOL/ALGO | 15000 | 0,80 % | | Pact wLINK/ALGO | 15000 | 0,80 % | | Pact wMPL/ALGO | 10000 | 0,53 % | | Pact GOLD$/USDC | 10000 | 0,53 % | | Pact SILVER$/USDC | 10000 | 0,53 % | | Tinyman ALGO/USDC | 200070 | 10,67 % | | Tinyman USDC/USDT | 153000 | 8,16 % | | Tinyman gALGO/USDC | 30060 | 1,60 % | | Tinyman wETH/ALGO | 25020 | 1,33 % | | Tinyman wBTC/ALGO | 25020 | 1,33 % | | Tinyman gALGO/ALGO | 19650 | 1,05 % | | Tinyman wBTC/USDC | 18000 | 0,96 % | | Tinyman wETH/USDC | 18000 | 0,96 % | | Tinyman wAVAX/USDC | 12060 | 0,64 % | | Tinyman wSOL/USDC | 12060 | 0,64 % | | Tinyman wLINK/USDC | 12060 | 0,64 % | | | | | | | | | | Community Coin Contest | 50000 | 2,67 % | | Zealy | 50000 | 2,67 % | | Consensus | 70000 | 3,73 % | | | | | | Total | 1875000 | 100 % | ---
**Author:** ![APT](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.algorand.co/apt/32/2948_2.png) [@APT](https://forum.algorand.co/u/APT)\ **Post date:** [February 25, 2024, 12:49pm UTC](https://forum.algorand.co/t/gp11-defi-rewards-folks-finance/11403/8 "2024-02-25T12:49:31Z")
What is the benefit of the deposit boost. I feel like the same incentivization could be had by allocating more of those funds to a lending pool. Its more efficient and you get 2x the liquidity. ---
**Author:** ![FiloMora](https://avatars.discourse-cdn.com/v4/letter/f/c77e96/32.png) [@FiloMora](https://forum.algorand.co/u/FiloMora)\ **Post date:** [February 25, 2024, 2:42pm UTC](https://forum.algorand.co/t/gp11-defi-rewards-folks-finance/11403/9 "2024-02-25T14:42:57Z")
Hey Apt, rewards to lending pools are already enough (lending pools with stable assets involved). In addition, we created WH assets/USDC pairs and we switched rewards from gALGO/ALGO to gALGO/USDC, EURS/USDC pool has been increased as well. The deposit boost in combo with lending pools is the “easiest” way to attract new stable assets liquidity that help the lending market as they are the most borrowed ones (excluding Algo) ---
**Author:** ![APT](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.algorand.co/apt/32/2948_2.png) [@APT](https://forum.algorand.co/u/APT)\ **Post date:** [February 25, 2024, 7:04pm UTC](https://forum.algorand.co/t/gp11-defi-rewards-folks-finance/11403/10 "2024-02-25T19:04:23Z")
What would happen if you incentivize wrapped assets with low liquid. Wsol, wavax, wlink with deposit boost. Potentially bring in xchain liquidity. I dont see much benefit for deposit boost in stables its such small amount relative to the millions in liquid. Would removing deposit boost be detrimental to liquidity?? I highly doubt it, worth a consideration ---
**Author:** ![ROAM](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.algorand.co/roam/32/2574_2.png) [@ROAM](https://forum.algorand.co/u/ROAM)\ **Post date:** [February 25, 2024, 11:07pm UTC](https://forum.algorand.co/t/gp11-defi-rewards-folks-finance/11403/11 "2024-02-25T23:07:39Z")
I think deposit boost is more simple and attracts different users. many will want to deposit plain vanilla way like I do so good to incentivize both. ---
**Author:** ![FiloMora](https://avatars.discourse-cdn.com/v4/letter/f/c77e96/32.png) [@FiloMora](https://forum.algorand.co/u/FiloMora)\ **Post date:** [February 26, 2024, 12:17pm UTC](https://forum.algorand.co/t/gp11-defi-rewards-folks-finance/11403/12 "2024-02-26T12:17:05Z")
In that case, the boost will may attract external liquidity but this liquidity will not “benefit” the lending market as these assets cannot be borrowed because of the caps ---
**Author:** ![APT](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.algorand.co/apt/32/2948_2.png) [@APT](https://forum.algorand.co/u/APT)\ **Post date:** [February 26, 2024, 12:58pm UTC](https://forum.algorand.co/t/gp11-defi-rewards-folks-finance/11403/13 "2024-02-26T12:58:56Z")
Thanks for explainer! I understand now looks good