Meld Gold GP10 TDR Post-Distribution Report

Meld Gold received 369,383 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 three 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.
3. Increase asset utility.

Additional community feedback was received and utilised to help shape the distribution plan for the period.

The Results:
TVL Change —
GP8 Increased 36% from USD$2.974m to USD$4.045m. ✅
GP9 Increased 8.7% from USD$4.045m to USD$4.395m. ✅
GP10 Increased 5.9% from USD$4.395m to USD$4.655m. ✅

Rewards Distributed — 100% and were distributed as per the GP10 TDR report. ✅

Liquidity Retention — Redemptions were more significant in this period with nearly 500kg of SILVER$ redeemed but a majority was replaced with new mints in to the ecosystem. ♾️

Depth of Liquidity (DEX TVL) —
GP8 Average Increase > 300% GOLD$ USD$375k, SILVER$ USD$393k. ✅
GP9 Average Increase 51% GOLD$ USD$590k, SILVER$ USD$570k. ✅
GP10 Average Increase 36% GOLD$ USD$801k, SILVER$ USD$784k. ✅

Additional community liquidity were a large portion of the increase in TVL particularly from Tinyman ALGO pairings.

Other Items of Note:
Onchain transaction volumes have been maintained through the period with the 500,000th transaction expected shortly after the end GP10.

What’s next?
The GP11 TDR Plan can be viewed here.