Algorand Rallies by 15% Following the Launch of DeFi Incentives


Aeneas is the Foundation’s first official liquidity incentive program in which users are provided with rewards for simply engaging with Algorand’s DeFi ecosystem. In Part 2 of 2 of this guide, we will explain the Aeneas Liquidity Program, Algofi & their incentive program, and how to navigate Algofi like a pro to secure your rewards. After you read this guide, feel free to check out Part 1 in which we review the Algomint platform. Algorand’s team sees the clear potential around the explosion of DeFi and applicable use case with Algorand’s protocol. The press release cites annual DeFi growth at a 7,500% rate, despite Ethereum’s challenges around speed and transaction costs. The release also notes that only 1% of the Wall Street capital inflow this year is being applied in the DeFi network, alluding to substantial potential in the marketplace. Once you send goBTC or goETH to the escrow account, you must wait for the Bitcoin or Ethereum blockchains to finalize the transaction (zZzz….). Once you send BTC or ETH to the escrow account, the transaction status will change from PENDING to CONFIRMING.

This part isn’t as developed yet, few opportunities to earn yield on goETH and goBTC right after you wrap. On Tinyman you can pool both for around 2%; on Algofi you can supply for less than 1%. We need more lucrative options to incentive wrapping but 2022 will be good to us 🙌🏻🍾

— Don Cobra (@CGarolino) December 24, 2021

Part 1 of this guide, you already know the deal so please feel free to skip to the section titled ‘What is Algofi and what is their incentive program’. If you haven’t read Part 1 yet, the below context will likely be helpful to you. CFA and Chief Investment Officer of Apollo Capital Henrik Andersson added to release that Algomint would be “essentially opening the Algorand network to the rapid growth we are seeing elsewhere in the DeFi markets”. The Algomint platform will allow users to engage in investing, trading, sending and receiving, borrowing and lending, staking, and yield fielding with 46,000 transactions per second and $0.001 fee per transaction. Please do NOT use slow mode transaction on Ethereum, as the delay in transaction may result in the minting process time out and your transaction won’t go through. Please make sure you do not use an exchange wallet, smart contract wallet, or Gnosis Safe wallet to send the crypto to Algomint!

What It Means for Algorand

He is a leading figure in the Cardano community and founder of Bloom Pool and Mycelial Gallery. He is one of the organizers of a large Cardano event “Rare Bloom” happening this October. Attempting to build community bridges for a multi-chain future. Host Cooper Daniels, from The ReCoop , brings his crypto conversations and rants to this new Podcast! He talks to leading figures in the blockchain and investment space in a friendly, funny and informative way. The Algorand Foundation partnered with Algofi, a decentralized finance platform, to launch a $3 million incentive program. Users who supply, borrow, and stake on the platform will be eligible to benefit from the initiative in the first quarter of next year. The decentralized finance space is one of the fastest-growing sectors in the cryptocurrency industry, with the total value locked increasing by more than $100 billion in 2021. This news has been excellent for ALGO prices, which were quick to respond positively. As of this writing, they are up 14.6% on the day, taking the week’s gains to almost 26%.

Algorand Rallies by 15% Following the Launch of DeFi Incentives – Yahoo Finance

Algorand Rallies by 15% Following the Launch of DeFi Incentives.

Posted: Thu, 30 Dec 2021 08:00:00 GMT [source]

In recent months, the Aeneas program has contributed to over 250% growth in ecosystem TVL to roughly $185mm. Moving forward, we will continue building voting software for the Choice Coin DAO. We hope to be able to use Bitcoin Choices in the future and offer governance as a service to Bitcoin DAOs. We built Bitcoin Choices using the Algorand blockchain as a scaling solution. The software also leverages goBTC, which is a collateralized Bitcoin asset on Algorand created by AlgoMint. By collateralizing Bitcoin on Algorand, BTC transactions become faster and less expensive. The Choice Coin DAO was started at the 2021 MIT Bitcoin Expo Hackathon, where our submission Algorand Autonomous won the top prize in the infrastructure track, the Algorand challenge, and the Sia Skynet challenge.

Algofi and Algorand Foundation Launch A $3M Liquidity Mining Initiative

Verizon shares have been one of the safer places for investors to park their cash in 2022, decreasing a marginal 1.6% in value. InvestorPlace contributor Will Ashworth recently touted the utility of Algorand though he raised some concerns about the potential for success of El Salvador’s mission. Algomint empowers the next generation of DeFi by bridging popular assets like BTC, ETH, USD and a range of other key tokens to Algorand. From sci-fi to romance to adventure, our host Ann Bocock interviews writers of all genres, diving deep into their creative processes, their struggles and, of course, their successes. Go Between the Covers gives you the chance to meet your favorite authors and get to know some inspiring new voices in the literary world. Find out what’s premiering this month plus station news and events. Nettle provides Algomint with Nettle Zero tokens, an Algorand Standard Asset. Read more about calculadora criptomonedas here. Each Nettle Zero represents 1 tonne of CO2 removed from the atmosphere and two are needed to decarbonise one Bitcoin.
gobtc. us
GO Between the Covers is a weekly podcast produced by South Florida PBS. Dan Ives, Wedbush Managing Director and Senior Equity Analyst, examines Tesla’s second-quarter earnings, the importance of Chinese manufacturing for the EV developer, and Tesla’s purchase of bitcoin. Serving the Palm Beaches and the Treasure Coast since, 1982, WXEL continues a strong commitment to meeting the needs of our South Florida community, with acclaimed programming. Jowan the CEO has a degree in Business Administration and over 15 years of experience in Marketing, Public Relations, and Event Planning. She was also a part of Jim Brown’s Amer-I-Can program as a Facilitator and Publicist.

Nettle Zero neutralisation involves CO2 removal activities in Europe. Carbon removal is far more credible and effective than carbon offsetting, and Algomint takes the industry lead in neutralising Bitcoin. Here is it as well as other useful data about this kind of cryptocurrency. At TheBitTimes.Com, we collect and provide any valuable content on it such as 1 GOBTC to USD so that you could make a favorable investment and have a positive result. We offer interactive workshops and individual consultations to families and students to help them prepare for the post secondary education process starting in middle school.

Prior to starting GOBTC she was a Case Worker for Cuyahoga County Department of Jobs & Family Services. Interactive sessions are conducted so that parents get a hands on experience with navigating through the resources themselves. GOBTC started February 2017 and has since assisted over 4000 students get to college that did not think college was a option. That number does not include families that were on track to attend college but needed assistance finding resources. This commitment to family engagement and repairing the relationships between families and school has opened the door for us to reach numerous school districts. #GOBTC #GO broke down from ascending support line, and price is above the nearest support zone around 50sats. In bullish trend price may hold the support zone and break above the long term descending resistance line, as MACD shows lower highs and lows , I think #GO have potential to jump and increase to… #GO/BTC GO broke out from descending resistance and confirmed it as support.

Written Guide

Starting in London in 1982, our Founder Barry Mero, set out to revolutionise the industry with affordable British designed and manufactured makeup and nail products. To this day, we’re still an independent family-run business based in North-London, dedicated to bringing the latest inclusive, cruelty-free, vegan beauty trends. ALGOs in one of the largest examples of decentralized governance to date. Gobtc has the lowest Google pagerank and bad results in terms of Yandex topical citation index. We found that is poorly ‘socialized’ in respect to any social network. According to Google safe browsing analytics, is quite a safe domain with no visitor reviews. Our host Ann Bocock sits down with Meg Cabot to find out why she chose the Florida Keys as the backdrop for her Little Bridge Island series and how the people she’s met there inspire the quirky characters in her books. Our host Ann Bocock sits down with Kristin Harmel to find out how she strikes a balance between fact and fiction when writing about the Holocaust. She also shares why she chose to write about the forgers of World War II and how a mathematical sequence she obsessed over as a child became an important part of her novel.

During the 2021 Hackathon, we built the foundation and groundwork for what became the largest operational DAO on the Algorand blockchain, with over 33,000 users and over 100 contributors from all around the world on GitHub. But one way in which our 2021 submission was lacking was that it failed to incorporate or use Bitcoin, so we wanted to change that this year. Tinyman opened about the latest attack that started on January 1st. A few “unauthorized users” breached some of the protocol’s pools after compromising a previously unknown vulnerability on its smart contracts. The Tinyman breach was enabled by an error that was overlooked during the project’s security audit. As mentioned in the audit report, TEAL – the smart contract language of the Algorand blockchain where Tinyman is hosted – is a low-level language, which makes it complex to verify that the code matches the intended business logic. In cases like this, multiple in-depth audits may be required to verify that business logic is correctly implemented and that the code does not contain any undesirable control flows. Professor and author David Heska Wanbli Weiden joins us to discuss his crime novel Winter Counts, following the story of a local Native American enforcer on South Dakota’s Rosebud Indian Reservation. The ALGO/USD daily chart shows that the cryptocurrency is bullish. ALGO just broke past its 50-day moving average of $1.644, the first time it is trading above that level in three weeks.

Our host Ann Bocock sits down with Maria Hinojosa to talk about her intimate experience growing up as a Mexican American on the south side of Chicago. She shares what her family went through to cross the border and why she strives to correct the narrative on immigration. Hinojosa drives home why it’s so important to share diverse stories and see ourselves in each other. Algomint is built by Meld Gold founders, Michael Cotton and AJ Milne , who aspire to create a decentralised future of financial inclusion and freedom. Go Coin Me uses the blockchain technology to provide a cryptocurrency fundraising platform. It offers a cryptocurrency based on Private Instant Verified Transaction technology where a user can raise funds with GoCoin, Bitcoin, Litecoin, Ethereum, Monero, etc. Tinyman alleged that the attackers also swapped pools with stablecoins to fish out the most value and withdraw these assets to other on-chain wallets and known centralized cryptocurrency exchanges. The Algorand Foundation launched an incentive program to boost the usage of decentralized finance protocols on its blockchain. The announcement has resulted in ALGO rallying by more than 15% over the past 24 hours.

We are excited to announce the US$1.5m seed round closure!

We saw so much conviction in the value Algomint will bring to the @Algorand DeFi space by minting synthetic assets like goBTC, goETH, and goUSD.

— Algomint (@Algomint_io) June 30, 2021

Sometimes when we get direction or a word from God that we know is our destiny, waiting for that to come to pass is never easy. We get the cart before the horse many times and either get ahead of God or miss Him all together. Pastor and long time friend of RLM Richard Hinojosa shares a few thoughts about how to wait in the meanwhile. Algodex is a highly decentralized marketplace with the orderbook completely on the Algorand blockchain itself. Chris Bohjalian on The Importance of Character-Driven StoriesNew York Times bestselling author Chris Bohjalian joins us to discuss two of his riveting thrillers, The Red Lotus and Hour of the Witch. He’s written more than 20 books, including the Midwives, The Sand Castle Girls, The Guest Room and The Flight Attendant. His global thriller The Red Lotus is set amidst the adrenaline-fueled world of the emergency room. Hour of the Witch is a twisting thriller about a young Puritan woman who plots her escape from a violent marriage. Meg Cabot on her Little Bridge Island Series and the Princess DiariesNew York Times bestselling author Meg Cabot joins us to discuss her novel, No Offense, a charming romance between a children’s librarian and the town sheriff. This is the second book in her Little Bridge Island series and is set on a small, beautiful island in the Florida Keys.

They may deduct fees making your amount inaccurate, and may not allow you to access the refund. The value proposition for using the Algofi vault is compelling. In the last governance period, Algorand governors earned 11% APY for their participation. Moreover, the ongoing Aeneas Liquidity Program subsidizes the cost of borrowing assets on Algofi and further incentivizes participation across the Algorand ecosystem.


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