Hola Algorand! We are honoured with Targeted DeFi Rewards this time. And we have a master plan for using it the most efficiently, which we want to discuss with you. Please tune in! 50% — META pools Cometa token is strongly connected within the whole Algorand DeFi, a variety of tokens, which provid…

I’m loving the cross-chain focus and Farcaster. But would it be possible to consider distributing some of the incentives from gALGO to mALGO? mALGO has performed above expectations this period despite failing to secure Foundation funding in the last voting round. How about 8% for gALGO & 4% for mA…

Hey! The Farcaster campaign will explode so hard, thanks :> We’d love to support mALGO! Good suggestion. 3-4% will be allocated.

I’ve noticed that now mALGO is unpegged from ALGO 0.198 vs 0.18 = 10%. Why is that, and how is the Messina team gonna fix it? (I understand that TDR will help, but what else)

mALGO has the rewards of all earlier governance periods baked into it’s ALGO rate - mALGO is an interest bearing token, it isn’t supposed to be pegged to mALGO 1 to 1. The ALGO/mALGO rate is adjusted with every reward distribution.

50% META Pools The existing incentives for the META/ALGO pool by Tinyman and Pact highlight its importance for further incentivization. I propose reallocating TDR rewards from META/USDC, META/gALGO, and META/mALGO to the following: 13% META/ALGO Tinyman 13% META/ALGO Pact This reallocation aims …

Love Cometa and the plan you have outlined. I would like to see an even larger portion go towards DEGEN (maybe 50%?) to try and break into the Farcaster ecosystem, develop the swapping / bridging frame, etc… I think this would be highly impactful. The larger you can make those incentives the more l…

Why gAlgo and mAlgo? gAlgo is a propped up token that has already take liquidity from smaller communities in their terrible contest and is become absolete with the move to avax, malformed relies on the left overs of gAlgo as a governance token as there is no use case except for foundation money prop…

Hey! That is actually a good point. We had a talk with Pact team and also got to the conclusion, that META/ALGO should be well incentivised. The final numbers will be in between of the initial ones and what you have proposed. Thank you for the impact!

Ahhh, thanks for the recognition! We also believe that it might be HUGE. We have campaigns to get Farcaster users to Algorand, and ALSO push Algorand people to Farcaster. Thus Farcaster could become Algorand hub, and we’ll basically get all its users. We’ve already tried a small test move with alm…

GP12 DeFi Rewards (TDR) Proposal - Cometa

Governance Discussions Rewards Proposals

Crypto_Assessor May 11, 2024, 1:07pm 5

@KevinV_UC might be able to help answer that.

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GP12 DeFi Rewards (TDR) Proposal - Cometa

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