Messina.one To Boost Tinyman Pools With Targeted DeFi Rewards From Algorand Governance In GP10

Messina.one
2 min readJan 5, 2024
Messina.one To Boost Tinyman’s Pools With Targeted DeFi Rewards From Algorand Governance P9

05 January 2024 — Having distributed rewards to partners AlgoRai.Finance and Pact, Messina.one is also allocating 15,000 ALGOs to Tinyman, with the remaining amount set to be distributed into our liquid staking pool (further details coming soon)!

9,000 ALGOs awarded to Tinyman will be used to incentivise mALGO-ALGO liquidity providers to participate in a Farm. In addition, Tinyman will match our contribution, resulting in a total distribution of 18,000 ALGOs to mALGO-ALGO Farm participants!

The remaining 6,000 ALGOs will be distributed equally (3,000 ALGOs each) to both WBNB-ALGO and PEPE-ALGO pools to boost rewards even further.

The Targeted DeFi Rewards eligibility for Tinyman is set for 90 days, starting from 12 Jan 2024 and ending on 11 Apr 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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