xGov-84 approved: Vestige to build a decentralized liquidity aggregator and lending platform
The xGov-84 proposal for Vestige was approved on February 7, 2024. Vestige will integrate stableswaps and lending markets, including Folks Finance lending pools, into its aggregator. The development includes open-sourcing a routing smart contract to increase liquidity access and volume across the Algorand ecosystem.
Under the proposal, the routing smart contract is open-sourced as part of the build, making the aggregation logic transparent and available for use across the ecosystem.
Sources that covered it
More stories
xGov-167: Meld Gold proposes listing GOLD$ and SILVER$ on a global centralized exchange
Meld Gold has proposed to list its GOLD$ and SILVER$ assets on a global centralized exchange. The proposal seeks 250,000 ALGO to cover listing costs and to develop market-making capabilities that connect traditional precious metals markets with the digital economy.
xGov-75 proposes social impact staking through the Impact DAO
A new proposal introduces social impact staking, allowing Algorand governors to opt into a system where a percentage of their rewards is donated to a program supporting the United Nations' Sustainable Development Goals. Under this model, ALGO holders will vote on the allocation of these funds through the Impact DAO.
xGov proposal 158 seeks 170,000 ALGO for a one-way X-NFT bridge from Cardano to Algorand
The X-NFT team has submitted a proposal to build a one-way bridge from the Cardano blockchain to Algorand. The project involves issuing X-NFT tokens on Cardano that can be burned by users to mint a native X-NFT token on Algorand. This mechanism is intended to incentivize Cardano users to participate in the Algorand DeFi and NFT ecosystems. The proposal requests 170,000 ALGO for development and marketing.