We thank all suggestions and feedback on our brainstorm thread earlier. As mentioned in that same discussion, we’re aiming for a more creative rewards distribution model that targets new audiences more specifically with the intention to grow the Algorand ecosystem and raise awareness about its asset…

This is exceptional! And I truly hope the community understands the benefits this will bring to Algorand DeFi.

Really love this proposal - a nice alternative to just boosting pools. Great thinking Messina team!

New account and new bridge bonus will be abused. You need to add an additional check. Like linking a discord or twitter account

Yes, the precise implementation of the welcome bonus is under design and this is a focus point. Linking unique user accounts to some sort of claiming mechanism is a good idea, although people may have privacy concerns. But yes, it’s on the list of talking points.

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

Great proposal - but I also want to add a comment about the ‘new user’ allocation. I worry greatly this will be abused hard. It would be trivial to take 100k ALGO, separate it into 100 different accounts and mint 1000 mALGO from each, netting 10k ALGO + the rewards from the period. You’d be effectiv…

Cheers Fisherman - indeed for the welcome bonus, both mALGO and Bridge, we will be looking to add a claiming process that should prevent abuse or at least make it less prone to abuse. It will probably involve a Galxe or Zealy, because we are anyway looking to set up an environment for gamification a…

I don’t disagree and we’ve significantly scaled down the allocation on these items to favour other areas. Without these allocations though, we can’t keep mALGO competitive unfortunately. mALGO is not an asset that’s heavily traded either because it’s a natively appreciating asset that will increase …

Perhaps instead of the reward in $ALGO, the rewards could be in $mALGO? If the recipients swap out of it, it’ll boost volume of those DEXs with mALGO-ALGO LPs. If the users hold it, it supplements the TVL and value of $mALGO. As @KevinV_UC said there will be a level of SocialFi gamification involve…

I suppose paying it out in mALGO adds a bit more friction, but not enough on it’s own to make it unattractive for opportunistic people. If someone can increase their APY by sybil attacking the rewards they probably won’t mind needing to do one additional step of swapping the mALGO to ALGO. Adding Z…

GP12 DeFi Rewards (TDR) Proposal - Messina

Governance Discussions Rewards Proposals

KevinV_UC May 16, 2024, 1:18pm 16

Updated allocations. Removed welcome bonus items, and updated allocations on pairs across Tinyman and PACT. Also increased amount of allocation to Token Wars, our cross chain incentive program in partnership with PACT and CompX.

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GP12 DeFi Rewards (TDR) Proposal - Messina

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