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Algorand's latest governance mechanism and follow-up trend analysis are quick to understand and streamlined.



We call all rewarded 3.2 billion Algo Algorand Ecological Resource Pool (AERP).

The new governance system will be deployed in two phases.

Initial Phase: Starting in Q4 2021, some aspects of this will be implemented off-chain.

Complete system: It is expected to be ready in early 2022, and all aspects will be fully chained and controlled by smart contracts.

Once the plan is approved by the community, the 2 billion Algo in AERP will be locked immediately, and the foundation cannot use this fund. When the initial phase is over, smart contracts take over, and the on-chain governance system is established, the control of these 2 billion Algos will be migrated to the system.

The remaining approximately 1.2 billion Algos will still be available for ongoing activities during the initial phase, but once the on-chain system is ready, these Algos will also be locked into the same smart contract. At that point, the entire AERP is controlled by a smart contract and can only be unlocked by a vote of the governors. All accounts can vote in this decision-making process, become Algorand's governance, and participate in the upcoming decisions.

Algorand Foundation Announces Matthew Keller as Director of Impact and Inclusion: Jinse Finance reported that the Algorand Foundation today announced the appointment of Matthew Keller as Director of Impact and Inclusion. As Director of Impact and Inclusion, Keller will be responsible for funding and investing in individuals and institutions leveraging the Algorand blockchain to create social impact. Keller will also manage the Algorand Clean Energy Challenge, a competition designed to incentivize participants to solve the problem of verifying and certifying green energy via the Algorand blockchain. Finally, he will enter into partnerships with UN agencies and large NGOs looking to use the Algorand blockchain for social and environmental good. (prnewswire) [2022/5/28 3:46:27]

Each term of the governor is one quarter (three months), and he invests in the Algos he holds and receives rewards. The voting will use the governance shares of the participants as the weight (such as the number of Algos invested).

The foundation will establish votes, but will not participate in the governance program. Other Algo holders can choose to announce in advance the number of Algos they want to invest in this plan. The governance plan will place decision-making power over the use of AERP in the hands of the community.

Ouyi OKEx will support USDT and USDC business on the Algorand public chain: Ouyi OKEx exchange announced that it will support USDT and USDC (ie USDTa and USDCa) related businesses on the Algorand public chain. In the next 2 to 3 weeks, OKEx users can use USDTa and USDCa with fees as low as $0.001 per transaction (regardless of transaction size), and transfers are virtually guaranteed to complete in less than five seconds. [2021/2/11 19:33:43]

AERP consists of 5 separate funds, which are planned to be put into circulation between now and 2030.

Participation rewards: rewards can be obtained by holding Algo tokens, which will be replaced by governance rewards in 2022.

AOFEX will launch AVAX, UNISWAP, LINK, ATOM, ALGO, DOT, SUSHI leveraged trading: According to official news, AOFEX will officially launch AVAX, UNISWAP, LINK, ATOM, ALGO, DOT, SUSHI at 16:00 on September 25 Leverage trading supports 3 times leverage. The specific open trading pairs are as follows.


AOFEX digital currency financial derivatives exchange aims to provide users with high-quality services and asset security. [2020/9/25]

Innovation Fund: Supports high-quality projects in Algorand.

Algo ecological rewards: support the development of Algorand ecological infrastructure and concept application cases, and demonstrate performance.

Research and Social Good Program: Aims to support initial research in key areas of blockchain development and generalized cryptography. It also supports partnerships that enable inclusive and transformative ecological visions for the global community.

News | Tether is officially launched on the Algorand 2.0 platform: Algorand officially announced that Tether is officially launched on the Algorand 2.0 platform. Tether will become the first stablecoin issued on Algorand with the help of Algorand 2.0 innovative technology, and will provide instant confirmation, micropayment, automatic wallet and many other supports. Tether Chief Technology Officer Paolo Ardoino said: "A key advantage of Tether is that it has been favored by many different blockchains since its inception in 2014. Our cooperation with Algorand is to take advantage of the speed and security advantages of the Algorand protocol. Traders provide digital asset transactions with fast settlement and reduced risk. Both Tether and Algorand hope to continue to work together to create the next generation of financial products, and more and more users will benefit from our cooperation.” (Algorand Official) [ 2/10/2020]

Reserve Fund: For foundations and governors to respond to unexpected trends or needs.

News| The Algorand Foundation will collect node community evaluation and feedback on economic improvement proposals: The Algorand Foundation released a blog today stating that it will share with the community the recently received Economic Improvement Proposals (EIP), and open feedback channels to collect node feedback and evaluation on proposals . The announcement stated that on September 6, the Algorand Fund received a proposal from Algo Capital (Algo Capital), with the proposal number EIP-09032019AC. The proposal, which directly affects node operators on the 2-year daily reward protocol, proposes extending the current 2-year linear daily reward for relay node operators to a 5-year linear daily reward. On September 9th, the foundation also received an additional economic improvement proposal from Polybius Capital: EIP-09092019PC, which proposes to suspend relay node rewards for 30 days to allow enough time to consider revising the current rewards plan. Regarding the above proposals, the Algorand Foundation began a 7-day review and feedback collection, and the review and feedback activities ended at 12:00 pm on September 16 (Monday), Singapore time (same as Beijing time). [2019/9/10]

Governance will increasingly assume responsibility for major economic and strategic decisions.

Through regular voting to complete the decision-making, the foundation will strictly implement the decision-making results based on the decisions of the governors, and protect the interests of the entire ecology.

The Foundation is committed to simplifying the voting process as much as possible and providing a simple interface;

Only one vote will be scheduled per governance cycle;

The governor can choose whether to follow the foundation's position each time he votes.  

The amount of governance rewards is based on participation shares. There is a quarterly participation entry, and participants can join the program and invest in Algos throughout the governance period.

Governors participate in quarterly voting to determine the distribution of AERP. As long as they cast valid votes and maintain the amount of Algo invested in the governance wallet, they can receive rewards at the end of the governance period.

Governance can take into account decentralization, security and efficient mechanisms and incentives, just like the consensus protocol PPoS.  

The governance program will begin in October, with additional rewards distributed to governance. (Thus, the total return earned by participants in governance projects will be significantly higher than the current fixed level of participation rewards.) By 2022, participation rewards will be eliminated from the stage of history and completely replaced by governance rewards.

Rewards will be distributed at the end of each quarter to governance wallets that participate in voting and maintain the amount of Algo voted. If the governor misses the vote, or fails to maintain the amount of Algo they voted, they will lose their rewards for this quarter. If you keep the invested Algo balance unchanged throughout the governance period and participate in all voting, you can claim governance rewards at the end of the period.

The plan can be withdrawn at any time during the quarter, but the governor who withdraws early will lose all rewards for the quarter. Early on, to increase the attractiveness of the program, there will be no additional penalty for early exit other than losing the quarterly reward. But in the future, additional penalties may be imposed through votes by the governors.

The rate of return to the governance in a given period will be determined by the participants, i.e. it will be based on the total number of tokens invested against the total prize pool for that period. As an example, ~300 million Algos will be allocated for governance reward distribution in 2022: i.e. approximately 75 million reward Algos will be distributed every quarter. Therefore, for a quarter in 2022:

If  4 billion Algos  are invested in the governance account this quarter, then the rate of return for each Algo invested in this quarter is 75 million/4 billion = 1.875%, corresponding to an annualized rate of return of  7.7%.

If  2 billion Algos  are invested in the governance account this quarter, then the rate of return for each Algo invested in this quarter is 75 million/2 billion = 3.75%, corresponding to an annualized rate of return of  15.9%.

If  1 billion Algos are invested in governance accounts this quarter, then the rate of return for each Algo invested this quarter is 75 million/1 billion = 7.5%, corresponding to an annualized rate of return of  33.5%.

Governance needs to regularly vote on more and more tasks, including ecological reward plan distribution, ecological partnerships and related fund transfers, node operators and governance incentives, etc. The Foundation will announce new tasks to be voted on before each vote. Participation in the governance system requires:

An Algorand address that registers governance and promises to maintain a certain Algo balance in that address at all times during this period (3 months). This address can be an existing address or a new address opened exclusively for governance purposes.

Participate in polls called by the Foundation during this period.

The vote weight of the governor will be equal to the share of Algos invested at the beginning of the period: one vote per Algo.

Key points from the conclusion:

Governance program will start in October, and there will be 2 rewards in parallel (participation + governance) by early 2022

Governance can be participated by all members, 1 Algo 1 vote, and the weight is determined according to the participating positions. You need to vote or follow-up to complete the governance responsibilities to get rewards. Early withdrawal only deducts current rewards and no additional penalties.

Initially, various parts of the governance system will go through off-chain mechanisms. In 2022, the entire system will be implemented on the chain.

If the governance starts normally in October, it is conservatively estimated that at least 1 billion Algos will participate in the governance stake, and the income of more than 33% is enough to make the big holders participate. thus causing the DS line to shift

In 2022, the Algo circulation rate is estimated to reach more than 50% of the secondary market circulation rate, and the tokens of early private equity investors may complete more than 70% or even all unlocked. Subsequent selling pressure on the secondary market will be further reduced

Algo’s current liquidity market value is 4.4 billion, FCap is 15.8 billion, and the circulation rate is about 30%. Out of the 10 billion total (tens of millions have been destroyed), there are basically 2-4 billion (20%-40%) tokens. It can be considered extremely slow to participate in circulation.

Judging from this, once the governance officially begins, it will be a very good pace of growth for Algorand's ecology. For the secondary market, based on the currency price at that time, it should be a relatively favorable situation.

But at the same time, investors cannot ignore the volatility risk of the overall market and invest blindly. They must have their own judgment criteria and holding logic to stabilize their mentality.

Reference: "Algorand Decentralized Governance"


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Algorand's latest governance mechanism and follow-up trend analysis are quick to understand and streamlined.

We call all rewarded 3.2 billion Algo Algorand Ecological Resource Pool (AERP).The new governance system will be deployed in two phases.Initial Phase: Starting in Q4 2021.

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The article is contributed by the blockchain analysis of Niu Qi.