All - Activity - Xxiled - Algorand

Feedback for the UI/UX

Hi, Wanted to drop my feedback for the UI/UX - This will be specific to the mobile view of the site. The UI/design feedback is personal preference and should of course be taken as that. Some of the UX feedback is based on personal experience and experience of building and then fixing UI on CompX.

GP14 DeFi Rewards (TDR) Proposal - Folks Finance

‘Folks Finance is also collecting community interest in distributing Folks Finance TDR rewards as xALGO. This will help users become more familiar with LST solutions (can be applied to any protocols)’
I’d give this idea a resounding ‘no’. To do this you’d be putting the TDR rewards into your node rewards.

GP14 DeFi Rewards (TDR) Proposal - CompX

We’ve updated the proposal to remove the ALGO staking incentives and redistribute that 30k elsewhere following community feedback and assessing the other liquid staking provider TDR allocations.

User Incentives

Thanks man, appreciate the comments.
I largely agree with your sentiments on TDR, especially in this final chapter.
With that, I’ll address your main questions:

Lockdrop user incentives - so I wanted to assign rewards to lockdrop holders as they are technical holders of the incentivized lp token.

Liquidity Sources for xUSD / AlGO

XUSD /algo will be incentivized on both tinyman and pact via various means.
We are targeting multiple xUSD liquidity sources, notable many which have higher liquidity than our algo pool.
xUSD doesn’t live or die by one pool - I mean a few months back it was the USDC pool that was the be all and end all.

Not an Abuse of Funds

It’s not an abuse of funds. It’s a reward to target our DeFi - specifically to incentivise people to stake their algo with us - what they do with the cALGO is up to them. Every lst provider is doing the exact same thing - folks did it last quarter too.

Focus on Strengthening Liquidity

In this round of TDR we want to focus on strengthening liquidity for our tokens - xUSD, CompX and cAlgo. All LP incentives using TDR funds will be delivered via our Pact.fi powered farms. We will support Tinyman farms for xUSD/Algo with 10k of Algo from our TDR allocation.
CompX/Algo LP on Tinyman with various allocations.

General Discussion on x-nft

Hey thanks for the comments.
The thoughts on x-nft are in some ways justified but x-nft has been relaunched on CompX last week, a new collection coming end of this month and more use cases for it as a whole. We want to build a solid liquidity position for the token - providing incentives will help.

Metrics Focus for GP13 Proposal

We are revamping our previous submission for GP13 to focus more on three specific metrics for Algorand.

Auto-Compounding Farms

Will do, will update this evening.
Really appreciate what you’ve laid out here.
Thanks for the insight, something simple and predictable is what we want!

Discussions on Interest Rates for xUSD

Hi everyone, let’s talk about interest rates for xUSD vaults.
Some pre-amble to frame our discussion:
Currently xUSD vaults charge 3% interest annually (in xUSD, by adding to your total debt). Interest rates can be updated via the admin account which is controlled by the CompX team but it’s not so straightforward.

Feedback on Updates to Proposals

Made some updates based on comments and changes in the ecosystem:

Token Launch Considerations

Yeah, token launch is something we need to get right. This TDR is for Q3 so it’s some ways off at the minute.
Plan is to have all products unified on the CompX platform in May.