What is Algomint?

Algomint pioneered the bridge for BTC and ETH to Algorand, in addition we have established a robust platform incorporating BTC, ETH, and USD baskets for seamless swaps and trading of like for like assets. By leveraging the Algorand Blockchain, Algomint enables round-the-clock operations with lightning fast transactions executed in a matter of seconds for minimal fees.

Summary:

What is the program goal?

The long-term ambition is to scale the volume of assets bridged and basketed by Algomint on the Algorand blockchain. The TDR program is devised to encapsulate multiple aspects to achieve this goal:

1. fPOOL focus

2. User / liquidity retention.

3. Incentives for new liquidity providers.

4. Multi-platform collaborations.

As a bridge and asset basket provider in the Algorand ecosystem, all rewards within Algomint’s framework are to be distributed via trading platforms — Pact, Tinyman, & AlgoRai. Engagements are ongoing with all 3 protocols on co-incentive plans, alongside other strategies to co-market and enhance the effectiveness of the program. As outlined in our distribution table ~ 48% of Algomint rewards have been directed towards fPOOLs ~ 20% allocated to strengthen the gousd peg and reduce the current xUSD dominance.

Allocation: 229,434A (subject to change)
What will be incentivised and where:

UPDATE 01/07/24 — With USDT being phased out, goUSD <> USDT incentives will be moved to goUSD <> xUSD instead.

Rewards will be distributed via: Algomint Reward Wallet