Staking on Algorand

Post by scholtz on Sep 29, 2024

@Adri is there some timeline when the staking on algorand will go live?

I am asking because the next gov period is coming up, and I have not caught any news yet regarding it… What will be the best solution to maximize the APY returns for algo holders?

Was this last period for gAlgo? Are we going to get rewards if we keep the algos on our accounts and make them online? Or are there some third options?

Post by Adri on Sep 30, 2024

Hi @scholtz, John hasn’t shared the release date for the consensus upgrade yet, but we have been told it will drop in Q4.

I cannot provide advice about maximizing returns. You should discuss strategies with the community.

gAlgo is a Folks Finance product, and I’m unfamiliar with their plans; perhaps check on their discord.

Post by scholtz on Sep 30, 2024

Are general governance rewards going to be available in Q4? (locking in next two weeks, and getting rewards in January)

Post by Adri on Sep 30, 2024

Yes, GP13 started overnight with 22.5M in rewards.

Post by GhostOfMcAfee on Oct 3, 2024

I thought it was 16.8M.

Post by Adri on Oct 3, 2024

22.5M includes Targeted DeFi.