# Humble DeFi Community Feedback for GP 11

**URL:** <https://forum.algorand.co/t/humble-defi-community-feedback-for-gp-11/11394>\
**Category:** Governance Discussions\
**Tags:** distribution-plans, targeted-defi-reward, gp11\
**Created:** [February 14, 2024, 2:10pm UTC](https://forum.algorand.co/t/humble-defi-community-feedback-for-gp-11/11394 "2024-02-14T14:10:52Z")\
**Posts on this page:** 1\
**Showing post:** 3

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**Author:** ![oysterpack](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.algorand.co/oysterpack/32/1866_2.png) [@oysterpack](https://forum.algorand.co/u/oysterpack)\
**Post date:** [February 14, 2024, 3:24pm UTC](https://forum.algorand.co/t/humble-defi-community-feedback-for-gp-11/11394/3 "2024-02-14T15:24:05Z")

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Algo/USDC - 80  
EURs/USDC - 20

My rationale:

- ALGO/USDC liquidity is the base for Algorand DeFi.
- As much as I love GOLD$ and SILVER$, there is no current mechanism for regular users to bring GOLD$ and SILVER$ on-chain onto Algorand. The current liquidity is provided by Meld Gold and its partners.
- goBTC and goETH bridge is centralized. I would reconsider if Algomint would deliver on their roadmap the trustless, permissionless, decentralized bridge.
- Algorand DeFi would be the ideal DeFi platform to support currency swaps - EURs/USDC would be a good showcase.

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_[View the full topic](https://forum.algorand.co/t/humble-defi-community-feedback-for-gp-11/11394)._