Algomint Q2 TDR (2024) GP11 Adjusted

Summary

Project goals:

In line with our objectives from the Q1 2024 report and the recent update for TDR (Targeted DeFi Rewards) principles provided by the Algorand foundation which focuses on a new TDR framework. We are targeting such metrics as increasing user numbers, increasing volume both in # of transactions and $ equivalent volume as well as increasing overall adoption of the algorand Network. We have adjusted our core mission to accommodate these priorities whilst maximising liquidity inflows and deepening the liquidity of goBTC, goETH and goUSD pairs.

• Elevating intrinsic value: Continuously enhancing the features and functionalities of goASSETS to increase their attractiveness and utility within the Algorand ecosystem.
• Implementing strategies to improve the overall perceived value of goASSETS among users and investors.
• Maintaining and growing our user base.
• Fostering a vibrant and inclusive community around Algomint and goASSETS to encourage user retention and organic growth.
• Actively seeking collaborations with other DeFi projects and platforms to expand the reach of goASSETS and facilitate interoperability with external ecosystems.
• Enhancing liquidity for bridged assets by implementing strategies to deepen the liquidity pools for goBTC, goETH and goUSD pairs, optimising trading conditions for users.

Distribution Strategy

All rewards due to Algomint will be distributed through leading DEX platforms such as Pact, Humble and Tinyman. Additionally, we continue to forge synergistic collaborations with entities like Folks Finance, xBacked, MessinaOne, AlgoRai, X-NFT, and Meld Gold to develop co-incentive schemes that enhance rewards and utility for goASSET holders. These collaborations are instrumental in boosting the visibility and effectiveness of our initiatives, supporting the proliferation of goASSETS and supporting the AF directive of driving transactions, volume and adoption.

Our roadmap for incentivisation is clear and strategic. We’re committed to reinforcing the value proposition of goASSETS, ensuring that every initiative and collaboration we undertake significantly contributes to the broader goals of Algomint. The specific areas and platforms for incentivisation, along with the detailed mechanisms, will be a key focus in our ongoing communications and updates. We are currently working on a collaboration programme with other bridges to incentivise newly bridged assets into the ecosystem, if this is adopted we will need to slightly adjust the following numbers to accommodate. The community will be updated as this collaboration evolves.

Allocation: 404169 $ALGO

What will be incentivised & where?

ALGOMINT Q2 TDR (2024) GP11 ADJUSTED

February 22, 2024

Summary

Project goals:

In line with our objectives from the Q1 2024 report and the recent update for TDR (Targeted DeFi Rewards) principles provided by the Algorand foundation which focuses on a new TDR framework. We are targeting such metrics as increasing user numbers, increasing volume both in # of transactions and $ equivalent volume as well as increasing overall adoption of the algorand Network. We have adjusted our core mission to accommodate these priorities whilst maximising liquidity inflows and deepening the liquidity of goBTC, goETH and goUSD pairs.

• Elevating intrinsic value: Continuously enhancing the features and functionalities of goASSETS to increase their attractiveness and utility within the Algorand ecosystem.
• Implementing strategies to improve the overall perceived value of goASSETS among users and investors.
• Maintaining and growing our user base.
• Fostering a vibrant and inclusive community around Algomint and goASSETS to encourage user retention and organic growth.
• Actively seeking collaborations with other DeFi projects and platforms to expand the reach of goASSETS and facilitate interoperability with external ecosystems.
• Enhancing liquidity for bridged assets by implementing strategies to deepen the liquidity pools for goBTC, goETH and goUSD pairs, optimising trading conditions for users.

Distribution Strategy

All rewards due to Algomint will be distributed through leading DEX platforms such as Pact, Humble and Tinyman. Additionally, we continue to forge synergistic collaborations with entities like Folks Finance, xBacked, MessinaOne, AlgoRai, X-NFT, and Meld Gold to develop co-incentive schemes that enhance rewards and utility for goASSET holders. These collaborations are instrumental in boosting the visibility and effectiveness of our initiatives, supporting the proliferation of goASSETS and supporting the AF directive of driving transactions, volume and adoption.

Our roadmap for incentivisation is clear and strategic. We’re committed to reinforcing the value proposition of goASSETS, ensuring that every initiative and collaboration we undertake significantly contributes to the broader goals of Algomint. The specific areas and platforms for incentivisation, along with the detailed mechanisms, will be a key focus in our ongoing communications and updates. We are currently working on a collaboration programme with other bridges to incentivise newly bridged assets into the ecosystem, if this is adopted we will need to slightly adjust the following numbers to accommodate. The community will be updated as this collaboration evolves.

Allocation: 404169 $ALGO

What will be incentivised & where?

YOU ALSO MIGHT LIKE

FURTHER READING

---

No post found

< PREVIOUS NEXT >