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xGov

xGov Voting Session 2 scheduled to open 10 November 2023

The Algorand Foundation published the schedule for xGov Voting Session 2. Proposals marked 'Final' will be snapshotted on 31 October 2023, with voting opening on 10 November 2023 and closing on 10 December 2023.

The session gives a four-week window for holders to vote on finalized proposals.

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Governance xGov DeFi
GP8 draft governance measures propose 40M ALGO rewards, DeFi increase to 27.5M, and consensus pilot, then pause without proceeding

Proposed measures for the upcoming September voting period include an allocation of 40M Algo for governance rewards, alongside specific proposals for xGov pilot funding, NFT rewards, and DeFi rewards. The draft includes plans for a consensus rewards pilot program via targeted DeFi rewards and updated terms for the NFT rewards program.

xGov
GP8 draft proposal sets xGov grant allocation at up to 2M Algo per quarter

The Algorand community is considering a measure to allow the xGov program to automatically draw from quarterly governance rewards to replenish its grant allocation. If approved, the program could access up to 2M Algo per quarter during its pilot phase, with any unused funds from that threshold being distributed as regular governance rewards.

xGov RWA
xGov-52 proposes Pack to link DeFi liquidity to the real economy

The xGov-52 proposal introduces Pack, a platform designed to connect decentralized finance liquidity to the real economy. Pack uses liquidity pools generated from assets held in DeFi protocols to provide capital to small and medium enterprises (SMEs) and individuals. The proposal requests 1,750,000 ALGO to support the development of this connection between crypto-holders and traditional lenders.