Are the ALGO tokens available during xgov staking period? Can

Question

Algorand

Aaron

Are the ALGO tokens available during xgov staking period? Can

I redeem them during period? How fast can I access them?

#algo #cryptocurrency #english

0

12.11.2023

10 ответов

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Aaron Автор вопроса

Jaysallday
Your xGov votes are based on rewards from previous...

hmmm, I think I mixed it up with the other staking possibility. Isn't there a staking possibility that eceryone can do? Thanks in advance.

0

13.11.2023

Jaysallday

Aaron
hmmm, I think I mixed it up with the other staking...

Anyone can participate in normal governance, but you have to commit during certain commitment period that typically last 2-3 weeks. Next one will occur when the current period ends on Dec 31.

0

13.11.2023

Jaysallday

Aaron
hmmm, I think I mixed it up with the other staking...

You can currently lend your Algo in Defi protocols like folks finance or Messina one to receive rewards.

0

13.11.2023

Aaron Автор вопроса

Jaysallday
Anyone can participate in normal governance, but y...

That's what I was looking for. How fast can you redeem the coins? Or are they unavailable until the end of the staking period?

0

13.11.2023

Jaysallday

Aaron
That's what I was looking for. How fast can you re...

Rewards are released at end of the three month period. Some of the Defi apps handle them a bit differently so it can vary a bit. With vanilla Defi your stake never leaves your wallet but you cannot go below your committed amount and must vote.

0

13.11.2023

Aaron Автор вопроса

Jaysallday
Rewards are released at end of the three month per...

Thank you. Is my stake blocked during 3 months governance period? Is it possible to redeem before the end of staking period? How fast do you have access to coins if you redeem early?

0

13.11.2023

AP | Never DM You First

Aaron
Thank you. Is my stake blocked during 3 months gov...

If you are participating via regular governance the algo will not move from your wallet. But to get rewards, you have to maintain the algo you have committed in the address and take part in voting

0

13.11.2023

Aaron Автор вопроса

AP | Never DM You First
If you are participating via regular governance th...

That sounds great. Means, when I stake, I can move my coins at any time, I just won't get rewards for this period if I do so?

0

14.11.2023

Jaysallday

Aaron
That sounds great. Means, when I stake, I can move...

Yes if you move enough Algo to go below commitment you will no longer receive rewards but you are able to do so whenever you choose to.

0

14.11.2023

Jaysallday · Accepted Answer

Jaysallday

Your xGov votes are based on rewards from previous period. You cannot redeem them until end of a year of successful voting. More info is available at this faq. https://t.co/uKf9olRlSp

0

12.11.2023

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Are the ALGO tokens available during xgov staking period? Can

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