All - Activity - KevinV_UC - Algorand

KevinV_UC

GP14 TDR Proposal - Messina

As we step towards 2025 with new energy and focus, we present our TDR14 proposal. Building on our core mission to make options markets and alternative DeFi products accessible, engaging, and rewarding, this proposal outlines a strategic allocation of rewards to drive user behavior, attract new capital...

The Mission:

It’s our goal to further grow Messina as a liquid staking and interoperability household name, blending the appeal of entertainment, fun, and even memes, with the functionality of cross chain DeFi and passive yield generation. Our goal with this allocation is to enhance liquidity and trade...

Project Updates

• Communication: Discussing the proposal on a fairly short turnaround especially considering the current TDR period is actually only halfway through.
• mALGO and ALGO: mALGO and ALGO, as you know, follow the same price movement (within a small margin) - they’re still different assets though. Someone may hold one but not the other, so having separate vaults with each their own boost is simply to cater to a wider variety of holders.

Community Interaction

• We’re preparing for another round of TDR and want to gather your feedback regarding the deployment, still ongoing, of the GP12 DeFi Rewards, and check with the community for new and creative ideas to leverage our bridge and liquid staking.
• We thank all suggestions and feedback on our brainstorm thread earlier. We aim for a more creative rewards distribution model that targets new audiences more specifically with the intention to grow the Algorand ecosystem.

Proposed Changes

• We have removed the welcome bonus and referral bonus models to prevent abuse. Instead, we increased the allocation for the vaults and added an extra 10% to the User Generated Content pool.
• Updated allocations by removing subsidized bridge fees and added collaboration with Meld Gold to offer unique yield opportunities and rewards.