flipside

    Try Quests to earn cryptoTry Quests to earn crypto
    Share

    Folks Finance: Minting gALGO3 For Governance

    We want to look at the users who committed their ALGOs to this liquid governance pool and minted gALGO3. How much gALGO3 was minted during the governance commitment period? Show the total amount of gALGO3 minted during the governance commitment period over time? Show the total amount of gALGO3 minted over time by day including outside the governance commitment period. Has a lot of gALGO3 been minted outside the governance commitment period?

    Introduction:

    Folks Finance is a newly launched lending and borrowing protocol built on Algorand. They offer a unique liquid Algorand governance opportunity which allows you to still utilize your ALGOs in in the form of gALGO3 a token you mint when you deposit your ALGOs into their governance pool. An important note is ALGO and gALGO3 are one to one in terms of value.

    In this dashboard the performance of gALGO3 token is analyzed by these metrics:

    • Total amount of minted token
    • Total number of receiver address (minter)
    • Daily amount of minted gALGO3 over time period
    • Daily number of unique minter over time period
    • The governance period is from March 31st 2022 12:00:00 GMT to April 14th 6:00:00 GMT
    Loading...
    Loading...
    Loading...

    The general application of gALGO3 is shown in the table. As shown in the table over 13 million tokens are minted in the governance period by 816 unique minter. The total number of transactions are 1548 transactions for minting gALGO3 token.

    The daily amount of gALGO3 token in the governance period is shown in this figure. As shown in this figure, the maximum amount of gALGO3 token is minted on Apr 12, 2022 and the amount equal to 9.128 million token.

    The daily number of addresses that received gALGO3 (minter) over the governance period is shown in this figure. As shown in this figure, the 264 unique minter have been received gALGO3 token on Apr 13 and its the largest group of daily minters.