Hello everyone, please find below the Folks Finance TDR allocation for GOV12 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 15,690 ALGOs were allocated from the …

Pretty reasonable breakdown to me. One suggestion is to reduce the allocations for wAsset/Algo pools and increase the allocations for wAsset/USDC pools for wBTC and wETH. I think this would make it more attractive for external liquidity for both BTC/ETH as well as USDC.

Hi, thanks for your feedback. Two things to mention: the wBTC/ETH with Algo pools generated much more volume compared to the Usdc pools (x5-x9) and in the “bridging program” the wAssets/Usdc pools will be involved

Hi, Otherwise looks good but I think Pact gALGO/ALGO (Stableswap) is bit too much like always… maybe take 50k off from that and add Tinyman fALGO/fUSDT & fEURS/fUSDC lending pools. Best regards, ROAM

I stand on my belief that extra incentives should not be provided for LPs involving native tokens and their liquid staking/governance equivalents (gALGO/ALGO). These are essentially risk free pools whose incentive should come from the fees gained on them because of the volatility associated with oth…

Considering the planned sunset of gALGO, I suggest reallocating TDR from gALGO towards wAsset lending pools. The primary objective of TDR is to foster growth within the Algorand DeFi ecosystem. Incentivizing gALGO liquidity serves little purpose as it is temporary and does not contribute to long-te…

Thank you all for the feedback @GhostOfMcAfee I agree that incentivising the type of pools you mentioned isn’t really necessary, but the way gAlgo works is different as it doesn’t have “instant” redeemability, so it’s important that there is liquidity in the stableswap pool to maintain the gAlgo st…

Could you provide further details about the “bridging program”?

Criteria and details are still TBD but the general idea is as follows: Users bring the liquidity of a whitelisted asset via Portal and deposit it into a lending pool on Tinyman, at some point, if they meet the requirements, they will be able to claim a special NFT that will give them access to a “hi…

It seems like stability is helped in large part by swap routing and arbitrage bots. You can swap Algo for gAlgo without a massive pool of those pairs. People use that pair though because it is low risk for IL. It’s not really adding much in terms of usefulness. However, given your explanation as to…

Yes, because of the way stableswap works, which allows users to minimise the impact in the swap and it doesn’t need a huge amount of liquidity. We know it is a low-risk strategy, which is why we have agreed with the community to reduce the rewards significantly over time. It’s not “useless” because …

GP12 DeFi Rewards (TDR) Proposal - Folks Finance

Governance Discussions Rewards Proposals

geek August 9, 2024, 10:08pm 15

Please no incentive for native tokens. We need concentration into BTC, ETH, USDC, SOL.

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GP12 DeFi Rewards (TDR) Proposal - Folks Finance

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