Messina.one & AlgoMint Partner With AlgoRai Finance To Boost Options Vaults With DeFi Rewards
Messina.one is delighted to announce that we have partnered with AlgoMint to boost AlgoRai.Finance options vaults with DeFi Rewards!
During Algorand Governance Period 7, Algorand governors voted to “Boost” DeFi with targeted DeFi Rewards, and Messina.one was blessed to receive 106,525 ALGO to distribute and we are awarding 50,000 ALGO to AlgoRai users!
These Rewards will be distributed to depositors of the following vaults, counting from the round starting 18 August 2023 and ending on 29 September 2023 (6 rounds total):
- goBTC Bear Vault (Cash settled)
- goBTC Bull Vault (Cash & Physically settled)
- goETH Bear Vault (Cash settled)
- goETH Bull Vault (Cash & Physically settled)
goBTC and goETH are tokens issued by AlgoMint and are bridgeable from both AlgoMint.io and Messina.one!
Rewards will be distributed evenly between the vaults each round, and depositors will earn a pro-rata share equivalent to their deposit percentage of the total vault for that round. The AlgoRai.Finance rewards page is available here, users are able to view the amount of DeFi Reward Algos they have been awarded and claim them!
Thank you to the Algorand Foundation and all governors for this initiative to incentivise our DeFi ecosystem!
- N.B. Messina.one reserves the right to alter the DeFi Rewards distribution structure over the program period, as per the discretionary mandate given to it from the Algorand Foundation, if some APR is not being appropriately allocated and/or utilized effectively. As per the guidelines, 100% of the ALGO will be distributed, with no additional leftover funds held by Messina.one.
About Messina.one
Messina.one is Web3 reimagined, purpose built to enable a decentralized omnichain future for everyone. Our interoperability tools dissolve barriers between blockchains, giving users the freedom to navigate Web3 seamlessly. Through Dapps that are simple and intuitive, we enable a future where information and value can be easily accessed anywhere.
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About AlgoRai Finance
We believe DeFi is not just decentralised finance but also democratisation of finance, harnessing blockchain technology to bring financial products to everyone that are now only available to a few. In partnership with global institutions, AlgoRai offers robust and transparent DeFi structured products that protect and grow digital assets over time, all at the touch of your fingertips. Follow us on our socials to stay updated!
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About AlgoMint
Algomint empowers the next generation of DeFi by bridging popular assets like BTC and ETH to Algorand, a FutureFi blockchain protocol with robust technology and pure proof-of-stake consensus mechanism to deliver high speed and low cost transactions. Algomint is built by Meld Ventures founders, Michael Cotton and AJ Milne, who aspire to create a decentralised future of financial inclusion and freedom.
