AlgoFi's AlgoVault Governance Period 3

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    Introduction

    AlgoFi offers AlgoVault which enables users to participate in ALGO governance while earning through AlgoFi lending protocol. When users add ALGO into AlgoVault a unique account will be created. Through the account users can commit for the governance, vote and claim rewards. In addition to that they receive vALGO which has the same price and collateral factor as ALGOs in the Algofi lending protocol.

    This dashboard investigates how wallets used AlgoVault for the third period of commitment governance.

    Analysis

    The box below shows the total amount of ALGOs in AlgoVault.

    The data shows that the majority of wallets has also committed for the third governance period.

    The barchart below compares amount of ALGO locked in AlgoVault with the amount of committed ALGO.

    The graph below shows the daily amount and number of wallets committed ALGO for the governance.

    AS can be seen in the beginning of the period the number of wallets was at the highest level and at the end of the period the commitment amount was at the highest level.

    Conclusion

    The data shows that the Vault is popular in comparison with the similar platforms like Folks Finance.