September 23rd, 2022 - The cooldown period for the 4th period of Algorand Community Governance vote is now complete with both voting measures put forward in the fourth period of Algorand Community Governance now finalized. Of the 3.650 Bn Algo committed by 27.6k eligible governors, the vote results for both measures are outlined below;
Measure 1: Designating 7M ALGOs from the governance rewards to DeFi governors - 66% of the vote was in favor of option A, moving 7M of governance rewards to DeFi users that want to be in Governance, confirming the full integration of qualified DeFi projects into Governance participation.
Measure 2: Allow DEX Liquidity Providers to participate in governance- 92% of the vote was in favor of option A, to introduce the participation of DEX Liquidity Providers into Governance Framework through their LP Tokens.
Detail (https://governance.algorand.foundation/governance-period-4/period-4-voting-session-1) :
- Number of Algorand Governors who voted: 27.6k
- Amount of Algo Committed: 3.650 Billion Algo
- Governance Rewards for Period: 70.5 Million Algo
- Governance Rewards Rate for Period 4 ( assuming no Governors become underfunded during the balance of this period ): 1.93%
- Annualized Governance Rewards Rate: 7.73%
Governance rewards will be distributed to eligible Governors after the Governance period finishes. It is critical for Governors to understand that they must not allow their governance wallet balance to fall below their committed amount - otherwise they will be automatically excluded from the Governance period and its associated rewards.
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