News

Curated news from the Algorand ecosystem

xGov

First xGov voting session concludes with seven proposals passed, GP7 rewards transferred to Term Pool 1

The first xGov voting session has concluded with seven proposals passing. These cover updates to transaction builders, wallet tools, and market operation dashboards. Rewards from the GP7 period have been transferred to the xGov Term Pool 1 address, which officially designates participants as xGovs.

The forum post noted that community input was still required regarding the session.

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Protocol
ARC-200 defines a base interface for smart contract tokens on Algorand

The ARC-200 specification provides a base interface for tokens that function as smart contracts. This is a living standard track in the Algorand Research and Core (ARC) documentation.

Protocol Release
Algorand reduces block time to 3.3 seconds and adds Simulate and Conduit in Mainnet upgrade

The latest Algorand Mainnet upgrade increases block speed by more than 10 percent, reducing block times to approximately 3.3 seconds while maintaining instant transaction finality. The update also introduces new developer tools, including Simulate for smart contract testing, Conduit for flexible data access, and several new technical capabilities for application development and resource sharing.

Governance DeFi
Governance Proposal 7 seeks to continue providing 42 million ALGO of liquidity to DeFi protocols

The Algorand Foundation is proposing a measure to continue providing liquidity to the DeFi ecosystem. The proposal follows a pilot deployment of 42 million ALGO to protocols including Folks Finance, Pact, AlgoRai Finance, and Tinyman. If the measure passes, the Foundation will evaluate additional protocols for liquidity extensions; if it fails, the currently deployed liquidity will be gradually withdrawn.