🚨Update on Governance Period 14 Rewards Structure🚨

Following discussions on the Algorand Forum about the proposed GP14 TDR plans, the DeFi Committee—comprising members from the largest DeFi protocols by TVL—met today (January 3, 2025) to determine the best path forward.

The Committee decided by majority vote to redirect the 5M TDR to the DeFi Governance Rewards.

As a result, the final rewards structure for Governance Period 14 is as follows:

• 10M ALGO distributed as General Governance Rewards

• 10M ALGO distributed as DeFi Rewards

With this change, the GP14 TDR Spend Plans proposed on the Algorand Forum are superseded and will not be implemented.

All other parameters of GP14 remain unchanged, and registration for participation is open until January 14, 2025, at 4 PM UTC.

Don’t forget to sign up below 👇