Messina.one To Boost AlgoRai’s mALGO Options Vaults With Targeted DeFi Rewards From Algorand Governance In GP10

Messina.one
2 min readJan 3, 2024
Targeted DeFi Rewards — mALGO Boost

03 January 2024 Messina.one is grateful to be receiving 181,671 ALGOs from Algorand Governance Period 9 for distribution in Governance Period 10!

We are awarding 20,000 ALGOs to AlgoRai.Finance and the remaining amount will be distributed amongst various partners and our liquid staking pool (more details will follow in the coming days)!

These Rewards will be distributed to depositors of the following vaults, counting from the round starting 5 January 2024 and ending on 29 March 2024 (12 rounds total):

mALGO is a liquid staking token issued by 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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Messina.one

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