Algorand xGov Program Basic Overview | Algo Cleanup
I discuss the basics of the Algorand xGov program that has been introduced in Governance Period 7. The xGov program enables the most committed users of the Algorand ecosystem to vote on grant proposals and allocation of the foundation’s funding to align with the Algorand ecosystem. This decentralized solution introduces methods for any user to submit proposals and for expert governors to vote on measures before being submitted to a standard governance vote.
Resources:
Algo Cleanup Blog- https://algocleanup.com/blog/governan...
Governance Platform- https://governance.algorand.foundation/
Algorand Foundation’s xGov webpage- https://www.algorand.foundation/xgov
ARC-33 details- https://arc.algorand.foundation/ARCs/...
ARC 34 details- https://arc.algorand.foundation/ARCs/...
Folks Finance- https://app.folks.finance/algo-liquid...
Folks Finance xGov details- / folks-finance-to-support-xgov-signup-in-li...
Folks Finance documentation- https://docs.folks.finance/
Chapters:
0:00 Intro
0:43 xGov Goal
1:44 ARC Process
3:06 Next Step in Algorand Governance
3:52 xGov Duties
5:04 Becoming an xGov
7:22 Becoming an xGov on Folks Finance
9:55 xGov Review Step
10:51 xGov Voting Step
11:53 xGov Example
14:36 Receiving Rewards Step
14:54 Worth Noting
15:19 Closing Thoughts