Hello my friends, Hope you all have been doing well. As GP12 TDR are now up and live we wanted to create a very simple program as we look to refocus our initiatives. With losing out on TDR last quarter, it has seen a great outflow of TVL on our platform and our allocation this period is much less …

Thanks Shaman… proposal makes sense to me :saluting_face: It just highlights how much of a self-inflicting wound TDR and NFT rewards have become with per-project voting… missing out is an accelerated death spiral. Miss out on a TDR = Reduced TVL = Reduced allocation = Harder to attract TVL Kinda …

Thanks Stitch, I appreciate that acknowledgement. It is unfortunate I agree. We have been making moves behind the scenes to try and get us into a better position that we think will be good for the overall ecosystem, and we are looking forward to sharing this (sorry we have hinted this and its taken…

I’ll vote for humble again, as i did previous period :slight_smile: Hope it passes, but yeah as stitch said - it’s painful to watch TDR hurting the eco in their current form.

This is one of the most important proposals for GP12, as the biggest complaint I see against Algorand is lack of liquidity. Whales can’t swap on Algorand between Algo/USDC without 3-5% slippage, which is unacceptable. If we want to attract big money we have to beef up our Algo/USDC pools. Nobody car…

GP12 DeFi Rewards (TDR) Proposal - Humble DeFi

Governance Discussions Rewards Proposals

simonb May 10, 2024, 2:13pm 4

I’ll vote for humble again, as i did previous period Hope it passes, but yeah as stitch said - it’s painful to watch TDR hurting the eco in their current form.

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GP12 DeFi Rewards (TDR) Proposal - Humble DeFi

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