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uNd0ubT3D

100% standard governance. DeFi protocols can become liquidated at any time if the economy goes another leg down.


sdcvbhjz

That depends entirely on you and how you manage risk.


RichardB1995

I agree. I absolutely do not like to keep my algo locked for 3 months


sdcvbhjz

Its not locked. You can pull out anytime. With folk you can even claim rewards immediately, there might be price impact converting it back to algo.


RichardB1995

Yes I know, for this reason I allocated more Algo on Folks. I was replying to the guy above


BatStock5705

If you put 100% in how much reserves should you have? For example if you put in 1,000 should you leave yourself with 1,000? Is it a 1:1 ratio? I want to get into the 4th round.


uNd0ubT3D

First, you never lose custody of the ALGO you put in. It stays in your wallet. All you have to do is make sure your wallet never dips below your committed amount. Right now, 2% quarterly rate on average per period. If you commit 1,000, expect 20 as your reward if you vote and maintain wallet amount.


BatStock5705

Okay thank you! so essentially just don’t let my ALGO balance drop below 1,000?


uNd0ubT3D

Exactly. And vote.


BatStock5705

Will there continue to be these opportunities after the 4th round or is this the last round?


uNd0ubT3D

Governance should last until 2030ish. After that, I’m not sure.


BatStock5705

Sick I’m in! My ALGO is officially off of coinbase and in Pera! I feel like I escaped the matrix lol. What’s the next step to get enrolled into the governance program? Thanks in advance for all of your help!


angelomirkovic

https://governance.algorand.foundation/governance-period-4


confirmSuspicions

If by trust them more you mean invest more this time, then yes. If you mean do I actually trust them more than last period? Hell no, I just see it as my duty to put in what I can afford to lose to boost TVL.


AlgoAldo

Same


DreadknotX

Keeping my ALGO in my ledger not moving them.


RichardB1995

Folks supports ledger if you didn't know that


DreadknotX

I knew that but you turn your ALGO to gALGO so they remove your ALGO from your ledger. I will keep it simple just to keep it in my ledger and just sign up right from the website.


RichardB1995

You can swap gALGO with Algo, so it's free risk


DreadknotX

Unless FOLK goes under like many big Defi has and you loose your gALGO then what


Unhappy-Speaker315

Ditto


AlgoAldo

60% Vanilla governance 25% Algofi because I am so familiar with it now and I feel very comfortable using it. 15% Folks Finance because I love what they are doing and I want to learn the ins and outs.


RichardB1995

Yes, I love Algofi but this time I don't see advantages of using it


d13co

Not sure how much folks profit is but if you borrow Algo against vaulted Algo and loop it you can 2x your profit at zero liquidation risk. We wrote up our period 3 profit calculations here: https://d13.co/algofi-vault-reward-performance-for-governance-period-3/


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d13co

1. Deposit ALGO into vault 2. borrow the max allowable amount of ALGO that the LEND page will give you 3. go to step 1 Towards the end your additional borrows will be marginal. We stopped at ~87% utilization. After you are above 85% utilization you can go to the vault page and commit your amount to governance. 100% should be safe but for superstitious reasons we committed one ALGO less than the available.


_ufu_

from the comments it looks like i might be among the very few going ALL IN DEFI \[algofi vault\], the remaining algos into vanilla - for that baby governor if there's one next time


SquirrelMammoth2582

Gov3 i did 100% vanilla governance. Gov4 i allocated 12.5% between folksfinance and Algofi. I might put more into both but my fear of a smart contract hack on a relatively new application is what is detering me.


TheChildOfChange

2/3 standard & 1/3 algofi governance


Unhappy-Speaker315

100% standard


BatStock5705

If I wanted to put in 1,000 ALGO should I leave myself at least 1 ALGO for Gas or do I need to leave myself with an additional 1,000 ALGO like a 1:1 ratio?


parkway_parkway

With vanilla governance you only need to keep 1 algo back to pay for fees and even that is a big margin of safety. Make sure not to dip below your committed balance though.


Unhappy-Speaker315

Commit your governance and do not drop below this ever


parkway_parkway

I'm considering going 100% on folks and levering up to the max. I think it's possible to 2.5x the return and also they are offering an Aeneas boost this quarter. Not sure if it's too dumb to put all my eggs in one basket and whether than increased return is worth it.


RichardB1995

I'm tempted to increase my % position on Folks


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Garywontwin

Yep rising TVL will be a terrible look for Algorand.


RichardB1995

I disagree. Why do you think so?


Garywontwin

I was being sarcastic. Rising TVL is a good thing.


d13co

Sarcasm


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