Algorand TDR Post-Distribution Report for GP9

Messina.one
Jan 6, 2024
Algorand TDR Post-Distribution Report for GP9

Messina.one received 91,846 ALGO for distribution in GP9 and the full amount was awarded to liquid staking which had just launched at that point in time.

Going forward, creating use cases for our Algorand liquid staking token mALGO will be a point of emphasis, however at the time of launch, none of these use cases like DEX or lending pools had been properly established so we elected to focus the reward on people who took on trying a new product for the first time.

The result was over 8 million ALGO being deposited in the first period which is a positive sign and we look forward to growing this number as more use cases for the token are created in the future and the final audit by CertiK is completed and released.

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Messina.one

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