Is it safe to put algos in governance?

Question

Algorand

Sunny

Is it safe to put algos in governance?

#algo #cryptocurrency #english

0

20.10.2022

4 ответов

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Night | Algorand | I will never PM you first

Great questions. All good things must come to an end and allow for better things to happen. On-chain governance is a system for managing and implementing changes to cryptocurrency blockchains. In this type of governance, rules for instituting changes are encoded into the blockchain protocol. Developers propose changes through code updates and each node votes on whether to accept or reject the proposed change. To learn about governance on Algorand you can start by visiting the links below. https://algorand.foundation/gov-faq You can read everything about governance program here. Governance site : https://governance.algorand.foundation/governance-period-5 Also do take note that for Governance Period 5, the registration window has only 1 and a half day left so gather your Algos and get committed 🙂

0

20.10.2022

Sunny Автор вопроса

Night | Algorand | I will never PM you first
Great questions. All good things must come to an e...

Okay, can you share more details for Governance 5 staking?

0

20.10.2022

Night | Algorand | I will never PM you first

Sunny
Okay, can you share more details for Governance 5 ...

Hey, thanks for asking! LP tokens of DEX pools including ALGOs vs Assets with a balance of at least 10,000 ALGOs as of August 15 2022 are eligible to be committed to governance this period. LP tokens can be committed during the sign-up window and the LP-token balance of a governor will be tracked in the same way as their ALGO balance. More details can be found in https://governance.algorand.foundation/governance-period-5 Remember, the sign-up period ends on : Oct 15th 00:00:00 SGT so be quick if you want to hop on :)

0

20.10.2022

Night | Algorand | I will never PM you first · Accepted Answer

Night | Algorand | I will never PM you first

Of course Sunny! Committing your Algo doesn't move your balance from your wallet. You are still free to move them around but if your wallet balance goes below your committed amount you won't receive your governance reward. Do take note whenever you want to move your tokens around or have another wallet specifically for governance so you won’t make any careless mistake.

0

20.10.2022

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