Messina.one To Boost Pact’s mALGO Pool With Targeted DeFi Rewards From Algorand Governance In GP10

Messina.one
2 min readJan 4, 2024

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

We are awarding 10,000 ALGOs to Pact to incentivise mALGO-ALGO liquidity providers to participate in a Farm, and Pact will be matching us so a total of 20,000 ALGOs will be distributed to mALGO-ALGO Farm participants!

We are also awarding 3,000 ALGOs to Pact to incentivise mALGO-xUSD liquidity providers to participate in a Farm, and Pact will be matching us so a total of 6,000 ALGOs will be distributed to mALGO-xUSD Farm participants!

The Targeted DeFi Rewards eligibility for Pact starts from 9 January 2024 and will last till 2 April 2024.

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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