# GP12 DeFi Rewards (TDR) Proposal - Algomint **URL:** \ **Category:** Rewards Proposals\ **Tags:** targeted-defi-reward\ **Created:** [May 10, 2024, 6:54am UTC](https://forum.algorand.co/t/gp12-defi-rewards-tdr-proposal-algomint/11969 "2024-05-10T06:54:44Z")\ **Posts on this page:** 1\ **Showing post:** 8
**Author:** ![Algomint](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.algorand.co/algomint/32/3062_2.png) [@Algomint](https://forum.algorand.co/u/Algomint)\ **Post date:** [May 12, 2024, 10:19pm UTC](https://forum.algorand.co/t/gp12-defi-rewards-tdr-proposal-algomint/11969/8 "2024-05-12T22:19:21Z")
Hey mate, There is some exciting news around X-NFT coming, the previous period release is complete and awaiting this news for it’s release. Algomint has also covered this periods X-NFT program as well out of its own treasury with news on this coming as well (It has taken a bit longer than anticipated to get to the announcement stage 😩) so stay tuned! As mentioned to Oyster (please see that response) we held off on goMINT governance awaiting open source contracts. Originally this was going to be available much sooner (from a different team) had we realised it was going to be almost 2 years we probably would have done this differently. goBTC is still the only BTC native wrapped option on Algorand, Wormhole (who we are a big fan of) is double wrapped, wBTC that is then again wrapped (the first wrap being custodial BTC \> wBTC). There is also more than 3x the circulating supply of goBTC and almost 3x the circulating supply of goETH. It also has a range of additional utility that isn’t available for wBTC / wETH. But a key element is not wanting to double wrap BTC. --- _[View the full topic](https://forum.algorand.co/t/gp12-defi-rewards-tdr-proposal-algomint/11969)._