Messina’s Algorand TDR Proposal for GP11

Messina.one
1 min readFeb 26, 2024

In GP10, Messina is forecasted to receive 447,718 ALGOs for Targeted DeFi Rewards distribution in GP11 and we propose to distribute them as follows:

Tinyman:
mALGO / ALGO - 120,000
mALGO / USDC - 18,718
PEPE / ALGO - 13,500
wBNB / ALGO - 13,500
Future bridged assets - 32,000

Pact
mALGO / ALGO - 120,000
mALGO / xUSD - 5,000
Future bridged assets - 5,000

AlgoRai
goBTC Bear Vault - 10,000
goBTC Bull Vault - 10,000
goETH Bear Vault - 10,000
goETH Bull Vault - 10,000
mALGO Bear Vault - 70,000
PEPE Bear Vault - 10,000

Our goal in this quarter is to increase bridging activity and users by incentivising use cases for mALGO and other tokens that we bridge into Algorand and boosting the yield for deploying them in DeFi.

This is in partnership with other protocols like Tinyman, Pact and AlgoRai that offer liquidity pools and vaults. These 3 partner protocols will also be adding to the vault rewards from their TDR allocation to further boost yields! We are very grateful for their support!

--

--

Messina.one

Built on Algorand — making interoperability between multiple blockchains a reality.