GP8 Meld Gold Targeted DeFi Rewards (TDR) Distribution Plan

Meld Gold will receive 354,417 ALGOs from the Algorand Foundation for the DeFi targeted rewards program, eligible TVL was based on the USD$ of assets (in this case Gold & Silver) bridged into the ecosystem.

Bridge Eligible TVL = Total eligible assets bridged into the Algorand ecosystem at the time of the snapshot.

Eligible Assets = GOLD$ & SILVER$.

TVL as verified by the Algorand Foundation at the time of the snapshot = USD$2,974,108.32.

The rewards allocation plan being implemented by Meld Gold has two core aims.
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.

In order to maxmise the value created via the rewards being distributed we are collaborating with PACT, Humble, Algomint and xBacked with additional collaborations planned in future as Meld Gold asset utility expands. The collaborations revolve around co-incentivising joint liquidity pools that feature assets from both projects.

The below list contains the intended pairs that will be incentivised.

Humble
GOLD$/goUSD — 30,000 ALGO
SILVER$/goUSD — 30,000 ALGO

Pact
GOLD$/goUSD — 150,000 ALGO
SILVER$/goUSD — 94,417 ALGO
GOLD$/xUSD — 25,000 ALGO
SILVER$/xUSD — 25,000 ALGO

Wallet for rewards allocation: https://algoexplorer.io/address/5FTM5LJ7OE3X5E4FULID3KJZIYZMLAMM3EWI4C4VMZAX67GPMD4XK4QUOU