GP12 Meld Gold x Algorand Targeted DeFi Rewards (TDR) Distribution Plan

Michael Cotton
Meld Gold
Published in
2 min readMay 10, 2024

Plan Summary
What is the program goal?
1. Increase liquidity.
2. Retain current liquidity.
3. Maintain Utility.

As Meld Gold falls under the bridge category (bridging RWAs in this case), all rewards must be distributed via trading platforms: Pact, C3, Tinyman, Humble, and AlgoRai.
For this TDR program we are working with Algomint, Folks Finance, AlgoRai, Pact.fi, Tinyman, Messina & Compx on co-incentivising specific trading pairs and other collaborative strategies.

Allocation*
Amount: 146,548 ALGO.

What will be incentivised & where (in $ALGO)?
Folks Finance Lending Pools (~55%)
Pact:
15.35% — $fUSDC <> $fGOLD$
15.04% — $fUSDC <> $fSILVER$
Tinyman:
12.28% — $fALGO <> $fGOLD$
12.28% — $fALGO <> $fSILVER$

Standard Pools (~25%)
Pact:
6.14%— $xUSD <> $GOLD$
6.14% — $xUSD <> $SILVER
2.73% — $goUSD <> $GOLD$
2.73% — $goUSD <> $SILVER$
AlgoRai:
6.82% — $GOLD$

Token Wars (~20%)
Messina, Pact & Compx:
20.47% — Creating Year of the Dragon Gold & Silver Redeemable award coins based on Quests Utilising GOLD$ pairings of bridged tokens. Details to be finalised: the core aim is to generate activity around Meld Gold assets, resulting in additional holders and awareness.

Rewards will be distributed via: Wallet Address

*All numbers are approximated and will be updated, and figures are finalized and accounting for community feedback received.

What is Meld Gold?
Meld Gold sets the standard for the digitisation of Real World Assets, launching an ‘industry gold token’ empowered by a marketplace of physically decentralised gold suppliers, global brands, and a network of specialist partners. Utilising the Algorand Blockchain Gold can be traded 24 hours a day, in seconds for a fraction of a cent.

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