/algo/ - Algorand General - Governance 7 edition

[Anonymous No.54689400]

Where are my fellow algochads staking? 17.24% APY is extremely juicy and it doesn't include the DeFI incentives coming soon. I'm in folks finance and pact.fi gAlgo/algo pool.

[Anonymous No.54689455]

Your fellow algo Chad Gary Gensler just turned on you. Even though Jeffery Epstein gave MIT 800 million while Gary was there teaching Sam Bankman Fried the finer points of ponzi economics. I guess after working for Hillary Clinton all those years Gary just can't be trusted. Good luck with your pedo coin.

[Anonymous No.54689459]

>first post is somebody seething
Every time. Algorand derangement syndrome

[Anonymous No.54689560]

>>54689459
Sorry man. My bad. I just don't like the Jewish pedo coin.

[Anonymous No.54689890]

>>54689455
It is time for your medication friend.
Also >>>/x/ is down the hall and to the left.

[Anonymous No.54689895]

https://www.youtube.com/watch?v=eXkeE7AEoKw

[Anonymous No.54689907]

>>54689400
> 17.24% APY
No wonder this coin has been dumping so badly. Do you have any idea how much dilution and sale pressure this creates? At this point you’re probably down 80% on your investment but still feeling good about muh APY. You’re getting rugpulled slowly and not even realizing it, maybe you’re even DCAing into the blatant rugpull like a fucking retard!
Btw not touching this centralized scam with a ten foot pole. Wish there was a place where I could short it because it is clear as day where it is headed.

[Anonymous No.54690560]

Anyone know why my wallet is showing zero balance? I checked two separate block explorers and both show no outgoing transactions and displays the balance as it should be, but the wallet says I have zero balance.

[Anonymous No.54690675]

>>54689907
That’s only if you are governance and actively voting. Staking rewards have actually been cut significantly for holders.

[Anonymous No.54690696]

>>54689400
Lil bulgy up the front there if I may say

[Anonymous No.54690708]

>>54689400
Gensler won. It’s over

[Anonymous No.54690874]

>>54689400
Fuck me, this governance cycle is the most corrupt I've seen ever. The Italian cunt over at Folks Finance essentially finnesed the foundation into giving them liquidity so that their VC buddies at Borderless could then make money in what has potentially been one of the dumbest governance cycles we've seen, perpetuating the Ponzi that is galgo. I can't believe the mouth breathers over at the Foundation are that fucking retarded. It's beyond stupid, they should all seriously go fuck themselves.

[Anonymous No.54692065]

>>54690560
Are they marked as rekeyed on the block explorer?

[Anonymous No.54692093]

>>54692065
Where is the indicator for this located? Can't seem to find it.

[Anonymous No.54692110]

>>54689400
That’s a man anon

Also Algorands all time high was what 3.28? And now it’s 18 cents, and this is one of the few coins that had fundamentals, never pumped and rugged, why should I buy?

[Anonymous No.54692128]

>>54692065
Actually I don't think it has been because my original keys still work.

[Anonymous No.54692141]

>>54690675
>hold crabbing fedcoin
>shite APY
>but whales get a higher APY
L M A O
M
A
O
Thanks MITniggers you certainly brought class warfare into your coins!

[Anonymous No.54692253]

>>54689400
>still investing in a scam coin

ngmi

[Anonymous No.54692262]

>>54690696
>>54692110
Thanks, I made it just for the algochads. I don't have any algo tho

[Anonymous No.54692276]

>>54689400
Fuck the niggers in the comments
Sui?

[Anonymous No.54693584]

>>54692276
10k sui
100k make it

[Anonymous No.54694368]

>>54689907
You wont ever get a really good short because the foundation still has all the supply. Only thing preventing it from turbo nuking below 2020 March lows

>>54690874
this guys knows. foundation is basically a money laundering operation and probably why they got hit with the SEC shit

[Anonymous No.54694425]

>>54692253
>scam coin
are we talking about eth here?

[Anonymous No.54694499]

All this shilling over some obscure shitcoin
I think i might buy a stack, maybe drop $50 and see what happens
Doing the opposite of what this board suggests is probably good investment advice anyways

[Anonymous No.54694633]

>>54694499
its not obscure, it is one of the most popular on reddit/youtube/tiktok and other pleb platforms.

your $50 is better thrown into the newest hyped random dog or meme coin to make any meaningful random cointoss return

[Anonymous No.54694844]

Certified shitcoin. And not the profitable kind

[Anonymous No.54694929]

>>54694368
Yep, legit a combination of incompetence and straight up robbery

>Foundation can't participate directly in governance
>Italian conman creates this useless liquid governance token
>Cried to the foundation about needing funding because it's popular
>Foundation agrees to deploy capital, because "Muh DeFi"
>Algofam shit eaters applaud the move like a bunch of idiots
>Those same fucking retards proceed to 4x leverage (remind you, they pay a fee on this tx to the Jews over at FF)
>APR goes to the fucking moon
>FF has his daddy VC deploy capital AFTER the window closes
>The borrow ends up just a few % points above the governance payout
>They have the fucking nerve to celebrate ATH TVL

The tldr is that through this fucking strategy, Foundation got to washtrade algos, indirectly introduce them into governance and have them and their VC buddies syphon out most of the yield straight back to them, under the guise of supporting DeFi. Textbook definition of a fucking scam.

[Anonymous No.54695120]

>>54694929
> Foundation got to washtrade algos, indirectly introduce them into governance
I may be too retarded to understand this strategy, but how are the foundation algos indirectly introduced into governance? The foundation algos are locked in the folks finance liquidity pool and they get no vote share. Seems more like a poor attempt at making the TVL stats look better, but not throwing the foundation algos into governance except if I'm missing something obvious....

[Anonymous No.54695397]

>>54695120
Foundation makes up for 60% of the lending TVL in Folks. They're getting paid an APR that comes from their own governance rewards via leveraged commits. They've also lowered the total governance rewards (regular+DeFi) without ever having a vote.

[Anonymous No.54695694]

>>54695397
This
>>54695120
If you notice borrow rate is sitting at 10-14% on FF DeFi rewards are 17% assuming borrow spiked a little, most of the rewards from leveraged commits will go to lenders. Of which ~50% is the Foundation, and the other ~30% is Borderless Capital.

It's also worth noting that the 30m the foundation deployed weren't going to participate in govenrnace at all, so in essence of the ~240m that are partaking on DeFi gov. (ie ~10-15% of all gov) ~15% are algos that shouldn't have even been in governance/governance eligible.

And when the smoking gun of "Algorand's TVL is basically its foundation and 2nd party VC" gets written (if at all, since this chain is fucking dead) we'll be the laughing stock of crypto yet again.

[Anonymous No.54695820]

>>54689400

poojeet rugpull scam

[Anonymous No.54696370]

it is happening tonight fren.

[Anonymous No.54696438]

so lets recap where we were and where we are now.
ok. looking sharp!

[Anonymous No.54696452]

>algochads

[Anonymous No.54696709]

I believe in the project but damn its been hard being an algoholder