GP8 Meld Gold TDR Post Report

Meld Gold received 354,417 ALGOs from the Algorand Foundation for the DeFi targeted rewards program. These rewards were distributed via trading platforms (as per the T&C’s of the program), with two main goals:
1. Retain existing liquidity and bring new liquidity into the ecosystem through incentives that bring utility and yield opportunities to an asset class that is usually inflexible and cost bearing.
2. Create deeper liquidity in trading pairs to allow more users to access GOLD$ & SILVER$ with less slippage.

The Results:
TVL Change — Increased 36% from USD$2.974m to USD$4.045m. ✅

Rewards Distributed — 100% and were distributed as per the GP8 TDR report. ✅

Liquidity Retention — Redemptions were <1% of the circulating supply for the period. ✅

Depth of Liquidity (DEX TVL) — GOLD$ USD$375k, SILVER$ USD$393k. >300% Increase for both assets. ✅

The above results are directly due to the incentives provided, Meld Gold has worked with several LP’s around deploy their assets and bringing additional liquidity onchain with rewards being the catalyst.

Other Items of Note:
AlgoRai listing, a GOLD$ vault has been added to the AlgoRai platform. A significant step allowing for additional utility for the GOLD$ assets. Collaboration will continue with the AlgoRai team on new ideas and ways to maximise the utility of Meld Gold assets.

X-NFT rewards, through collaboration with the Algomint team X-NFT rewards were introduced to several of the Meld Gold pools.

What’s next?
The GP9 TDR Report can be viewed here.