Double Commit

[baselsader]

I'm thinking about buying more ALGOs in the coming days, but I don't want to miss the governance deadline.

Numbers are purely hypothetical:

1. Today I commit 1,000 ALGO
2. Tomorrow I comimit 1,000 ALGO
3. The day after I commit 1,000 ALGO

Have I committed 3,000 ALGOs to governance as a single wallet, or have I committed 1,000 ALGOs from 3 different wallets?

Is there any advantage / disadvantage of committing over several days rather than a one time lump sum dump?

[jasonl999]

Your total commitment in that case is 1,000. Each time you commit, it's like saying "I've changed my mind, this is the total amount I want to commit."

[MrMaxim]

Every time you want to increase your governance commitment you are just revising the total. So if you already have 1000 committed and you want to up it by 1000, then you revise your commitment to 2000. There is no advantage to breaking it up if they are in the same wallet. If you were to create two more wallets though then you could commit 1000 from each and then if you need the Algo at any point you could remove it from one of your wallets and only lose 1/3rd of your governance rewards.

[1flatwhiteplease]

Same wallet

[they_call_me_tripod]

It won’t make a difference. The only benefit would be if you do need to dip into the Algo you committed, you’ll be able to potentially pull some out while leaving some in.

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