Our proposal (165,795 ALGO) intends to bolster the various key assets on the AlgoRai protocol. We also aim to develop new offerings that not only uphold the core principles of AlgoRai but also appeal to a broader spectrum of users while adapting to market trends and conditions. We’re enhancing the …

The community cannot proceed with allocating TDR to Project X without first understanding what it entails.

Before this proposal is final, we’ll be able to share more.

If you can’t update us prior to feedback closing please remove as what’s written above makes the system a bit of a mockery “allocate majority of our rewards to a TrustMeBro idea”.

I agree with all comments about the “trust me bro” project. That is a no go. why are there separate incentives for Algo vs. mAlgo vaults? Seems entirely redundant and it makes no sense to have a mAlgo Bear vault but not a Bull vault for the same. I would scrap that entirely.

mALGO and ALGO, as you know, follow the same price movement (within a small margin) - they’re still different assets though. Someone may hold one but not the other, so having separate vaults with each their own boost is simply to cater to a wider variety of holders. mALGO doesn’t have a Bull vault …

Explanation on the mALGO stuff makes sense to an extent. I’m not sure it warrants equal weight as the other vaults though. Regarding the undisclosed project, I get the sneaking suspicion that this relates to consensus rewards somehow as several projects have something similar in their plans. If I’…

Project X is not consensus related.

Thanks for clarifying. I look forward to hearing what you have planned

GP13 DeFi Rewards (TDR) Proposal - AlgoRai

Governance Discussions Rewards Proposals

KevinV_UC August 15, 2024, 1:41pm 10

Edit: Taken out Project X due to timeline ambiguity.

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GP13 DeFi Rewards (TDR) Proposal - AlgoRai

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