Hi Algorand, please see Messina.one’s TDR distribution plan for GP10: Liquid Staking Will Receive DeFi Rewards Boost From Algorand Governance P9 | by Messina.one | Jan, 2024 | Medium

I don’t think adding incentives to just minting mALGO should be allowed. It doesn’t add any value to anyone besides messina being able to get even more defi boost next period aka milking the governance reward more. Messina should focus on usecases and making mALGO not another LST that nobody uses b…

Hi, I think incentives for minting mALGO is ok for couple first periods to onboard more users. But can’t be long-term thing. I strongly disagree with this: “mALGO doesn’t really need liquidity on DEXs because it can be redeemed at any time”. It is crucial to have a lot of liquidity on DEXes, becau…

Ok onboarding during periods is a good point. Only looked at mALGO from the perspective as someone who minted it Tough question as there is sadly not a lot to do on Algorand. But I thought that NFT people could like mALGO more than gALGO because they can immediately redeem them if they need to and …

I agree that it needs more use cases, But I think good to first onboard more users and get liquidity in place. then maybe next period focus should be in use cases and broader adoption. For example maybe next period Messina can incentivize Folks deposits, liquidity pools on DEXes more broadly to hel…

Also people just minting mALGO is not really adoption that anyone needs. We don’t need xyzALGO which just gets used to farm low risk pairs on DEXs and thats it

Not sure how giving Messina rewards just to fund their liquidity for mAlgo is beneficial for anyone. They created a token that they don’t have enough liquidity for, haven’t incentivized much with it at all and now using rewards to pump up there numbers? TVL does not guarantee high reputation. This …

mALGO is great tool for onboarding new users. If you follow conversation on any Algorand related chat or platform, always people ask how governance works, they missed it, “ok I will come back later”, “too confusing”, “I will check later”. Even my brother said that “yeah, I will check maybe later”. I…

I get your point but reality is any token can do what mAlgo is doing or use it to onboard. If this was a good strategy then gAlgo would have taken off or any other Folks Finance created token. Instead they rely on inside money to prop up these TVLs to give “good reputation”. If a tokens utility is t…

Hi all, Thank you for your thoughts and insightful comments. mALGO is rather new to the ecosystem and because of the long governance periods perhaps a little slower to develop since it is linked to these quarterly periods. In the first governance period we did not expect a large amount of deposits…

Messina.one - GP10 Targeted DeFi Rewards distribution plan

Governance Discussions

Richflairstv January 9, 2024, 4:30pm 11

Thanks for the response.

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Messina.one - GP10 Targeted DeFi Rewards distribution plan

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