News

Curated news from the Algorand ecosystem

Governance DeFi

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

Governance Proposal 7 asks the network to continue the Algorand Foundation's liquidity provision to the DeFi ecosystem. A pilot deployment of 42 million ALGO has already been distributed to four protocols: 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 If it fails, the currently deployed liquidity will be gradually withdrawn.

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

The proposal outlines three measures for the GP8 period. One measure asks if the total DeFi reward allocation should be 20 million or 25 million ALGO. A second measure asks if the Targeted DeFi Rewards program should continue through the remainder of 2023. The final measure asks if the program should be allocated 5 million or 7.5 million ALGO, contingent on the second measure passing.

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.