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xGov DeFi

xGov-198 finalized, granting CompX 75,000 ALGO for auto-compounding farms

xGov-198 was finalized on May 7, 2024, approving a retroactive grant of 75,000 ALGO to CompX Labs for its auto-compounding farms. The proposal is retroactive, meaning the farms were already live before the grant was formally processed.

CompX Labs launched the auto-compounding farms in 2023 to provide yields for users. The grant covers work already completed rather than funding new development going forward.

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xGov Developer
xGov-195 approved: Frostbits Solutions to develop Arcpay

Arcpay is a proposed open-source payment processing platform designed to help businesses and developers integrate Algorand payments into web-based applications. The platform will support transactions for ALGO, Algorand Standard Assets (ASAs), and real-world assets (RWAs) through fixed-price sales and various auction types. The proposal requests 149,000, with a target completion date of August 31, 2024.

Covered by 2 sources

xGov Developer
xGov#200 proposes Biatec on-chain identity verification for Algorand accounts

The xGov#200 proposal outlines an identity solution designed to help users link verified identities to their Algorand accounts. The project aims to meet EU regulatory requirements like MiCA and allow decentralized applications to verify account standing, while also implementing an activity ranking system to provide benefits such as improved pricing on decentralized exchanges.

Covered by 2 sources

xGov DeFi
xGov-201 finalized with 80,000 allocated to Cometa launchpad

The xGov proposal xGov-201 has been finalized to allocate 80,000 to Cometa for the development of a launchpad service. The platform is intended to facilitate the launching of new tokens and address current difficulties regarding airdrops and liquidity.