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Curated news from the Algorand ecosystem

Governance DeFi

GP8 draft governance measures set DeFi reward allocations of 20 to 25 million ALGO

The GP8 draft governance proposal puts three measures before voters. The first asks whether the total DeFi reward allocation should be 20 million or 25 million ALGO. The second asks whether the Targeted DeFi Rewards program should continue through the remainder of 2023. The third, conditional on the second passing, asks whether that program should receive 5 million or 7.5 million ALGO.

The proposal is a draft posted on the Algorand governance forum on 17 May 2023. Each measure presents a binary choice rather than a single fixed number, leaving voters to select between the stated options.

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Protocol Release
Algorand MainNet and TestNet updated to v3.15.1 with a fix for follower sync rounds

The Algorand MainNet and TestNet networks have been updated to version 3.15.1, which includes a bug fix for nodes in follow mode. The update addresses an issue where the initial sync round for followers was not correctly set to the latest tracker committed round.

Developer Release
Algorand introduces Conduit, a lightweight plugin-based tool for blockchain data access

Conduit is a new plugin-based tool designed to provide a more efficient alternative to the traditional Indexer. Unlike the Indexer, which requires an expensive archival node and stores full blockchain history, Conduit uses a lightweight follow mode and a filtering system to allow developers to collect only the specific transaction data they need.

Protocol Release
Algorand network updated to version 3.15.0 with a simulate endpoint, connection deduplication, and an algorithmic node follower mode

The latest software release for the Algorand network introduces a simulate endpoint for evaluating transactions locally, networking optimizations such as connection deduplication, and support for algocfg profiles. The update also adds an algorithmic node follower mode and introduces a new private network template to facilitate local testing.