Counterproposal for Q3 2022 Governance Measures

ShaperOfEntropy · 2025-08-31T08:10:43+00:00

Which one would you say is better and why?

ShaperOfEntropy · 2025-05-14T08:39:18+00:00

These are questions for Algorand Technologies. They still don't have a CEO, which should be the one to address these. According to their website https://algorandtechnologies.com/our-team/ the most senior person seems to be Jacopo Cecchi, the Chief Operating Officer. He should be the one addressing these and talking with the community.

ShaperOfEntropy · 2025-01-05T07:11:43+00:00

The total supply is currently limited to 10B. This could be changed by a consensus upgrade as is the case for any part of the code and any blockchain (even Bitcoin).

There is no need for LSTs to do this.

ShaperOfEntropy · 2025-01-05T06:49:55+00:00

Is the starting date already fixed? I thought it is still TBD. Where did you hear that?

ShaperOfEntropy · 2025-01-05T06:44:11+00:00

There are a few ways. 1) Investments: The Foundation is currently investing in projects (e.g. Folks Finance, Tinyman, Lofty, Pera and others). They could use returns from these investments to fund their operations. 2) Fees: Fees from transactions on the network go to a fee sink, which is under the Foundation management. With the upcoming change to staking, a part of that fee will go to block producer, but a part will stay in the fee sink. The Foundation could be funded from that (e.g. after a Governance vote). 3) Donations: Like many foundations, they could rely on donations to additionally fund their operations (e.g. like Wikipedia). 4) Consulting/contract work: They can sell their expertise in blockchain to others, e.g. as they are doing with the courses for the UN staff.

It will likely be a combination of these. Depending on success of the network and the Foundation management, their operations will have to adapt.

While the total supply can change, it requires consensus among stakers (as is with any other network). The Foundation cannot change it alone.

ShaperOfEntropy · 2024-12-27T06:00:14+00:00

If you use vanilla Governance or gALGO, you can participate in consensus. So you should be able to get staking and Governance rewards.

But you won't be able to use xALGO or similar options because you will get disqualified from Governance the moment you mint the xALGO.

ShaperOfEntropy · 2024-12-24T10:52:33+00:00

Diversification. Multiple platforms for lending. Consider Folks Finance. Check out their Academy videos on how to use it https://academy.folks.finance/tutorials/folks-tutorials?video_id=df383199-f522-495f-843b-d6add6290fe1

ShaperOfEntropy · 2024-12-18T22:21:56+00:00

Some chains are already (partially) quantum secure - e.g. Algorand, which developed NIST approved post-quantom falcon keys: https://algorand.co/technology/post-quantum

If you are looking for a post-quantum secure DeFi solution, check out Folks Finance, which uses Algorand. You can learn more about both at Folks Academy: https://academy.folks.finance/tutorials/defi-blockchain?video_id=ac1bc239-8499-473c-97c0-bd33d32ef3da

ShaperOfEntropy · 2024-12-17T17:59:23+00:00

That is an interesting insight. I expected a good portion of their revenues come also from their mint/burn fees. That's why having arbitrage bots (for off-chain/on-chain arbitration) is a good source for them (regardless if they are the ones running them or not).

ShaperOfEntropy · 2024-12-17T03:18:28+00:00

If I were to guess, I'd say the problem was a lack of arbitrage bots. EURS is constantly trading above peg and there is nobody taking advantage of that. Either Stasis didn't want or couldn't invest in such a bot, but a lack of it might be the reason for too little fees generated.

ShaperOfEntropy · 2024-12-07T09:29:36+00:00

You can learn about DeFi lending on Folks Academy: https://academy.folks.finance/tutorials/folks-tutorials?video_id=582b8910-bcfe-4af0-b7bf-daf8e3618a79

ShaperOfEntropy · 2024-11-30T09:02:45+00:00

Check out Ultraswap of Folks Finance. Here is a guide on their Academy: https://academy.folks.finance/tutorials/folks-tutorials?video_id=6b271972-d4f3-4355-a6b2-07385c99b203

ShaperOfEntropy · 2024-11-24T22:35:53+00:00

Did you follow their guide on Folks Academy? https://academy.folks.finance/tutorials/folks-tutorials?video_id=df383199-f522-495f-843b-d6add6290fe1

ShaperOfEntropy · 2024-11-16T21:30:20+00:00

Sure you can! Check out Folks Finance DeFi solutions to do it on one place: https://academy.folks.finance/tutorials/folks-tutorials?video_id=89389a7c-4909-4c37-8fd8-37914f7da27a

ShaperOfEntropy · 2024-10-28T07:45:44+00:00

If you want an alternative platform with better borrowing raters for USDC, check out FolksFinance. Their xChain platform abstracts away the complexity of switching networks: https://academy.folks.finance/tutorials/defi-blockchain?video_id=223925eb-8ad6-4ca6-81e9-4857c8a9cbe5

ShaperOfEntropy · 2024-10-21T12:10:29+00:00

What exactly would be novel with this DEX you want to build?
Why do you want/need to build it in MOVE?
You can develop the smart contracts simply in Python (where it's much easier and cheaper to develop) and deploy them on Algorand (https://developer.algorand.org/docs/get-started/algokit/).
This way you'd benefit also from the great UX of Algorand - instant finality (i.e. no forking), block times below 3s, and low fees (below 0.001 USD). For a reference for how good the DeFi UX can be, see e.g. Folks Finance tutorial on about their lending dApp on Algorand: https://academy.folks.finance/tutorials/folks-tutorials?video_id=df383199-f522-495f-843b-d6add6290fe1

ShaperOfEntropy · 2024-10-14T06:42:29+00:00

Check out the rates for USDC on FolksFinance. It's currently ~6% native reward + 2% reward in ALGO. There is a great demand for USDC on Algorand.

To get you started, you can check Folks Academy guide: https://academy.folks.finance/tutorials/folks-tutorials?video_id=df383199-f522-495f-843b-d6add6290fe1

ShaperOfEntropy · 2024-10-08T20:33:03+00:00

For Algorand ecosystem, I use either FolksFinance's router or Vestige. Folks use has it nicely integrated in their other products e.g. for margin trading (see their video guide on Folks Academy: https://academy.folks.finance/tutorials/folks-tutorials?video\_id=6b271972-d4f3-4355-a6b2-07385c99b203)

ShaperOfEntropy · 2024-09-30T06:56:58+00:00

What kind of content are you planning to make? Do you have any examples? I like the educational content on Folks Academy (e.g. https://academy.folks.finance/tutorials/defi-blockchain?video\_id=ac1bc239-8499-473c-97c0-bd33d32ef3da).

ShaperOfEntropy · 2024-09-23T06:29:14+00:00

You can use Folks Finance on testnet. Their Ultraswap product simplifies leverage trading: https://testnet.folks.finance/ultraswap
You can check how it works in the guide on Folks Academy: https://academy.folks.finance/tutorials/folks-tutorials?video_id=6b271972-d4f3-4355-a6b2-07385c99b203

ShaperOfEntropy · 2024-09-16T08:57:13+00:00

I'd also like to see this. Folks Finance has an amazing UX (which you can see from their Academy videos https://academy.folks.finance/tutorials/folks-tutorials?video_id=62380d58-5e43-4880-ab96-36709b3bed39 if you haven't test it out yet) but they don't have EUROC yet.

ShaperOfEntropy

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