Algo Liquid Governance
The feature allows ALGO holders to participate in the Algorand Governance whilst maintaining their liquidity.
Please note:
The Algorand Foundation announced the extension of Commitment period for Gov5 until October 21. Therefore, the deadline for commiting through Liquid Governance has also be extended to October 21 at 12:00 CET.
Being that Folks Finance smart contracts are immutable, it is not possible to extend the end date of the commitment. Therefore users will not be able to unmint their gALGO from October 14 at 12:00 CET, the original commitment end time. In order to support the postponement though, a new smart contract (G5B) has been deployed which will allow users to continue to commit to Liquid Governance up until the usual end time of six hours before the official governance commitment period deadline.
Please visit the following page before interacting with the ALGO Liquid Governance to understand how it works.
- 1.Open the Algo Liquid Governance page.
- 2.Click on the Mint button.
- 3.Type in or use the slide bar to specify the amount of ALGO you want to commit and click on Continue.
- 4.Mint gALGO.
- 5.You will receive a message indicating success if the process has been completed properly.
- 1.Open the Algo Liquid Governance page.
- 2.Click on the pre-Mint button.
- 3.Type in or use the slide bar to specify the amount of ALGO you want to commit and click on Continue.
- 4.pre-Mint gALGO.
- 5.You will receive a message indicating success if the process has been completed properly.
- 1.Open the Algo Liquid Governance page.
- 2.Click on the Burn button.
- 3.Burn and pre-Mint -> Type in or use the slide bar to specify the amount of gALGO you want to burn and pre-Mint. Check the pre-mint box, and click on Continue. Burn -> Type in or use the slide bar to specify the amount of gALGO you want to burn and click on Continue.
- 4.Burn gALGO.
- 5.You will receive a message indicating success if the process has been completed properly.
- 1.Open the Algo Liquid Governance page.
- 2.Click on the Unmint button.
- 3.Type in or use the slide bar to specify the amount of the gALGO you want to Unmint and click on Continue.
- 4.Unmint gALGO.
- 5.You will receive a message indicating success if the process has been completed properly.
- 1.Open the Algo Liquid Governance page.
- 2.Click on the pre-Unmint button.
- 3.Type in or use the slide bar to specify the amount of the gALGO you want to pre-Unmint and click on Continue.
- 4.Pre-Unmint gALGO.
- 5.You will receive a message indicating success if the process has been completed properly.
- 1.Open the Algo Liquid Governance page.
- 2.Click on the Early Claim button.
- 3.Type in or use the slide bar to specify the amount of the committed ALGO you want to early claim your rewards on. Click on Continue.
- 4.Early Claim your rewards.
- 5.You will receive a message indicating success if the process has been completed properly.
Available once the foundation distributes the rewards
- 1.Open the Algo Liquid Governance page.
- 2.Click on the Claim button.
- 3.Claim your rewards.
- 4.You will receive a message indicating success if the process has been completed properly.
- 1.Open the Algo Liquid Governance page.
- 2.In the Voting section select between Algorand (Governance's proposals) and Folks Finance (Folks Finance's proposals).
- 3.Click on Show.
- 4.Read the descriptions.
- 5.Choose your preferences and Vote.
Last modified 1mo ago