Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
ALGO RADIO: The Stakehouse, Part 2 🥩
Recorded: March 27, 2025 Duration: 0:55:19Space Recording
Short Summary
The Algorand ecosystem is witnessing a surge in staking activity, with over 1.47 billion algos now staked across various platforms. Innovations like AlgoKit 3.0 and unique yield opportunities from projects such as TinyMan and Valar are driving user engagement and network security.
Full Transcription
Thank you. Hi, Miguel.
Hey, how's it going, guys?
Just going to play some amazing jazzy music whilst all the guests filter into the space.
Nice to see you, a lot, and Brian's
going to join now as co-host as well. Thank you. I'm just waiting for the last couple of speakers to come up and then we'll begin the space.
Thank you. Perfect, just going to give this one more minute and then we're going to kick things off.
Thank you perfect we'll start introducing the speakers shortly at tiny man if you can accept the
request we'll bring you up as well but thank you for joining us today for the steakhouse part two
it's going to be an amazing space to give you the inside scoop on the latest updates around staking
and also on AlgoKit 3.0, which was officially released yesterday as well.
So I'm going to hand over to Fred Asente to introduce himself first.
Amazing. Thank you, Mikael.
Truly appreciate you organizing these spaces with all of us
and of course with the community today. So hey everyone, thanks for joining in. Truly
appreciate everybody being here today. I'm Afriday Stante, speaking directly from southern
Brazil, and I lead DeFi here at the Algorand Foundation. Mikael, back to you.
Perfect. Thank you. And heading over to Silent Rhetoric.
Silent Rhetoric. Brian?
Hey, there we go. How's everybody doing today?
Thanks for having me on.
I'm Brian. I run the DevRel team at the foundation, and I'm excited to talk about staking today. Thanks for having me on. I'm Brian. I run the DevRel team at the foundation and I'm
excited to talk about staking today. Amazing. Thank you. And just going in order of where I
see everybody, Para wallet. Hey, what's up everybody? This is Joe from Para. I'm happy
to hear to talk about staking and the staking portal and everything we got coming about consensus to Parate Explorer. Perfect. Thank you. And Pact.
Hey, everyone. It's Andrew. Appreciate you guys hosting this space.
Also excited to dig in a little bit about our products involving consensus.
Amazing, thank you. And we have Benedetto representing Fox Finance.
Amazing. Thank you. And we have Benedetto representing Folks Finance.
Hey guys, it's nice to be back on AlgoFam Twitter space, X space. It's Benedetto here,
CEO of Fox Finance. Fox Finance is DeFi Hub on Algorand, which has lending, liquid staking,
swaps, leverage trading and leverage liquid
staking. So it's great to be here. Epic, thank you. And Tinyman.
We'll come back to Tinyman shortly, Messina.
We'll come back to Tinyman shortly. Messino.
Hi guys, thanks, Miguel.
This is Kevin, Product and Marketing and Communications Manager for Messina.
We're Bridge and Liquid Staking Protocol for Algorand.
It's great to be here.
Thanks for organizing this space, guys.
Cheers.
Amazing.
And Vestige Labs?
Hey guys, this is Boon San from Vestige Labs. It's a pleasure to be here.
We're DeFi builders. We do everything from aggregated trading,
and we are soon to launch an LST as well as a few extra surprises with regards to staking.
Amazing. And Transaction Lab.
Amazing. And Transaction Lab?
Hey guys, this is Patrick Bennett, Transaction Labs,
just here to represent the ready open pooling protocol.
Perfect. Thank you. Valar.
Hi, this is Uro Skudumar speaking,
the CEO of Valar.
It's a pleasure to be speaking among these great
algrant projects and i'm happy to tell you more later about valar our decentralized peer-to-peer
staking platform thanks awesome tiny man are you there yeah yeah yeah tiny man is here can you hear
me perfect uh so this is eric uh representing the tinyman team. We are also one of the
projects on Algorand that offer liquid staking and yeah I'm very excited today to represent
our solution and our new staking campaign. Awesome and last but not least Compex Labs.
Hey guys it's Kieran from Compex. Sorry I I had some fun ex-issues. I switched over my phone,
hopefully you can hear me. Yeah, we're Compex. We are one of the other liquid staking providers with
our token C algo. Great to be here and talk about what's next for staking for everyone.
Amazing. Thank you for introducing yourselves guys. And now to hand over to Fred.
Amazing. Thanks, Mikael, once again, for organizing. And thanks, everybody, for joining the speakerboard.
We truly have the Algorand DeFi powerhouse here in the speakerhouse today. So I appreciate everybody's time.
So Algorand fam, another super exciting day in spaces today that we have.
Because most of you, and I'm scrolling here to the list, I'm seeing lots and lots of familiar
faces.
And most of you were in the spaces that we hosted, I think, on January 22nd.
I think it was the day before Staking Rewards went live.
And we're here to celebrate that and talk about next steps, right?
So Staking Rewards went live on January 23rd, if I'm not mistaken.
And basically, for the first time in algorithm history,
you can actually put, you know, your algo to work to protect the network
and get rewarded for doing so.
So, you know, it's a fundamental shift in the way that the network operates.
And since staking went live, you know, in late January,
we have seen an influx of literally hundreds of millions of algos that
are new algos now in the online stake set, further increasing, you know, the security of the network
and which at the same time has also kicked the Algorand Foundation's own stake out of the
stake set. So, you know, both further increasing the security of the network and further increasing
the decentralization of the network. So it's truly a win-win.
It has been a spectacular growth, but as all of you know,
you know, we launched this in late January,
but we currently have an ongoing governance spirit GP 14 that's,
you know, ongoing as we speak and we'll wrap up at the end of the month.
So there's going to be basically a second wave of activity into all the
different stake and options coming, you know, starting Tuesday next week.
And that's what we're here for today.
So just give a recap of where everything stands, give, you know, room, a space for all the projects to talk about, you know, their products, what's new, you know, what has been the traction since they launched, you know, what's in the pipeline, etc.
pipeline, etc. So I'm very excited about our Twitter spaces today. And just as a quick recap,
So I'm very excited about our Twitter spaces today.
before we really get everything going, I know there's a few different ways for you to participate
in staking on Algorand, right? You can basically do solo staking and run your own node using
NodeKit, which Brian St. Letrick is going to talk all about it very soon. You can join one of the multiple liquid staking options,
Fox Finance, Tinyman, Messina, Compaqs, Vestige, and others coming.
You can join consensus-compatible liquidity pools over at PEC.
You can do direct staking through the Reti pooling platform.
And of course, you can always do peer-to-peer delegate staking with
Valar. And I think before we get going, I just want to stress out the very first part,
which is the solo staking and running your own node with NodeKit, which is a very straightforward
algorithm. But to do that, I'd like to invite my friend and colleague, Brian, our head of DevRel,
to just talk about how easy that is on Algorand.
Brian, over to you. Thank you. So when Algorand upgraded to Staking Rewards or Protocol
version 4.0 in January, we were excited to release what we call NodeKit, which is essentially a
terminal user interface that allows node runners to install and manage an Algorand node on their system,
which could be a computer in your basement, or it could be a virtual private server in the cloud.
And it abstracts away a lot of the complexity of getting it installed and configured and
bringing your account online and doing the key registration and so forth.
account online and doing the key registration and so forth.
So I'll give a shameless plug for our new developer portal,
which we launched in part in January,
but did the grand opening yesterday.
So at dev.algrand.co,
it's our new developer portal,
we've got instructions for how to use NodeKit
to install your own node in just a few minutes
on a number of different platforms
and follow its prompts to get it installed,
generate participation keys,
and bring those keys online for your account,
including wallet integration with Paro,
so it's really easy to sign that transaction.
And so we're very excited about how easy it's become
to spin up your own node, whether you are a solo staker
or you might be using it in conjunction
with one of the staking options
that you'll hear about later in this session.
Incredible, Brian. Thanks for sharing.
And I mean, I've used NoKit myself
and it's really easy and straightforward,
but I got a question to you.
You know, if anybody out there is going to use NoKit
and they have any questions,
how can they go about getting help about NoKit?
Sure.
The place to go is the Algorand Discord server.
So that's a discord.gg slash Algorand
if you're not in there.
We have a Node Runners channel.
It's probably the most active channel in the Discord,
and we have a bunch of folks from the Foundation,
as well as enthusiastic Node Runners from the community
helping each other out there,
answering questions, troubleshooting things,
and sometimes lamenting that they haven't gotten
very many blocker wards lately,
and complaining to the Node Gods
to try to get the random number generator on their side.
You guys also have some pretty cool things
that people can do to the VRF gods, right?
To maybe increase your odds. Is that right?
Is that what you were telling me before?
Yeah, definitely complaining publicly
increases your chances of proposing blocks, 100% confirmed.
Awesome. Thanks, Brian. Appreciate it.
All right, YagoFam, so you heard it directly from brian
node kit super easy and if you need help there is help and the algorithm official discord right
check it out and then you know i think it's worth another reminder you know the the whole reason
why we're doing this is because uh this space is today is because you know gp14 governance period
14 is expiring in a few days and the last last time I checked, you know, a couple weeks ago,
but numbers are probably still accurate,
that there's over 800 million algos that are registered to participate in GP14
that are currently not online and participating in consensus.
So that is a lot of algos out there that, you know,
are potentially free to join any of the staking solutions
that we're going to talk about here today
to help participate in the network security and getting rewarded for doing so at the same time,
right? So this is the main objective. GP14 is expiring. There's going to be a massive shift
of stake around. We're very curious to see how it's going to play out amongst all the different
options. But the main point is, you know, there's almost a billion algos in GP14 that are not
participating in consensus, and we want to bring those algos into consensus.
And most likely, a lot of people in this audience and people that are going to catch the recording later, they can contribute to that.
So before we jump into the, you know, and start inviting the protocols, though, I just want to invite Brian to see if you have any numbers to share with us about the adoption since staking rewards went live in January.
any numbers to share with us about the adoption since staking rewards went live in January.
It's really been an impressive thing to watch. And many of us watched the dashboard provided by
Node.ly to see what's happening with Algorand Consensus. And as of this moment, there are 2,177 registered accounts in ConsenSys with 1.47 billion algos
registered online, which is pretty impressive, especially considering that the foundation
has embarked on a plan to withdraw some of its stake from ConsenSys.
So the foundation has been stepping back from the fraction of online stake that it runs. And so this has been taken up by the community.
And perhaps even more notably, of the 2177 accounts, 1,622 are reward eligible. So they
have 30,000 algos or more. So that's a really impressive number.
And we've just been kind of giddy with excitement to watch these numbers tick up over the past couple of months since staking rewards went live.
So it's very energizing from where I sit to see so many people putting their money where their mouth is, participating in securing the network and getting involved with the decentralized ethos of blockchain.
Incredible. Thanks, Brian.
I should appreciate the numbers and it's very exciting.
I'm very, very curious and excited to see
how this is all going to play out next week.
And hopefully the majority of this 800 million algos
will come into staking through any solution that they prefer, which is going to, you know,
not only increase the security budget of the network and make Algorand even
more secure, but also, you know,
further contribute to this decentralization to push the Algorand Foundation's
own stake, you know, mostly completely out of the staking set.
So that's super exciting. I cannot wait for this. And, you know, let's,
let's jump into the now the real fun part of the spaces in which I'm going to start just inviting all the projects that are here in the speaker board to just, you know, give us an update on their product.
So each one of you is going to have three minutes to share an update on your solutions.
You're free to share anything you want, you know, including how your products works, how to to enroll your transaction uh your attraction since
the staking rewards in life basically anything that you want in the next three minutes and i'll
give you a friendly reminder when you're nearly up okay just to ensure that we have time to cover
everybody so we're going to go through the sections in this order we're going to go first through
liquid staking then staking pools and then peer-to-peer staking and then the very end we're
going to invite our friends from para to share the updates so starting with liquid staking i'd like to invite our folks
finance to lead benedetto the floor is yours thank you fred thank you so much so uh for those who
didn't know folks finance i mean we started to provide uh our liquid governance solution with G-Algo at the very beginning of governance.
And now when the staking came in, we obviously went also in the front line with it and we
developed Ex-Algo. Ex-Algo is a unique solution for liquid staking, which is open source, it's audited.
We did bug bounty on Immunify, which is the biggest platform for security bug bounty.
And it is an interest-bearing token.
It is live already before the staking because it it to be also our cross-chain uh liquid governance token
and now it's leading the the liquid staking space in the ecosystem so soon when uh gealgo is going
to sunset with the end of the next period of governance uh we welcome we are welcoming and preparing all of the gealgo uh governors to to move to to exalgo
and we are making this process very smooth with a one-click solution and uh right now gealgo
runs without fee um and also you can earn double points on the Volks leaderboard.
So that's pretty it.
Of course, if anyone is more interested in knowing more,
there is documentation, tutorial,
and obviously I forgot the ultra stake.
With Volks Finance, you can leverage your stake
in increasing the stake, leveraging the lending markets.
So feel free. Amazing. staking increasing the the stake leveraging them lending markets so go three amazing thanks Ben and that's all and a quick question to you because the
three minutes still haven't expired are you guys gonna do anything you know to
assist the migration from Geogo into your own yeah as I mentioned yes we are
preparing a page that allows to do it in one click.
If I'm not wrong, if it's not one, it's going to be two.
But yes, we are supporting the transition.
Amazing.
Thank you so much, Benedetto.
Truly appreciate you joining us today.
And please stick around.
Amazing.
All righty.
So next up, I'd like to invite Mr. Eric from Tinyman.
And Eric, I think you guys made some cool
announcements today you know excited to hear about it yes yes we did uh thanks with and yeah thanks
everybody for tuning in uh so again this is eric from the from the tiny man team in case someone
doesn't know in the unlikely event that somebody doesn't know tiny man we are the biggest decks uh on algorand and uh yeah when the news came out that uh staking is going to come to algorand we
were of course very excited to build uh to build a tiny man stake pool not to enable our users to
to stake the algo in a very easy and convenient way uh of course also security was very important
for us at that at that stage. So it is fully audited
and there is also a bug bounty on it. And yeah, we have seen great traction actually.
Approximately 25 million algo have been staked in our pool. And to attract even more algo and to attract even more users to to our solution we
are going to have a staking campaign so in this staking campaign basically users can stake their
algo in the tiny man's stake pool at zero percent fees meaning when you stake your algo you will
receive 100 of all the staking rewards which accumulate so you don't
need to buy any hardware you don't need to set up a node it's a very very easy and straightforward
way you just visit tinyman you click a single button and then you start earning um but that's
not all um also when you stake on tinyman basically our solution is the liquid staking solution so
when you stake on tinyman you will receive t algo which is the liquid staking solution so when you stake on tiny
man you will receive t algo which is the liquid representation of your stake algo and that t algo
allows you to generate additional yields on top of your staking rewards so and as part of this
campaign you can now also restate the algo and then receive an additional 5% APR paid and tiny token.
So again, this is a very easy and convenient way
to maximize your staking rewards.
You can simply stake, restake and lean back
and then enjoy the rewards growing basically.
And since we are DEX, of course,
we offer even more Degen ways to generate even more yield. So for anyone who is interested to generate even more degen more even degen ways to generate even more yield so for anyone who
is interested to generate even more yield you can of course also provide your t algo as liquidity
into a into a pool for example you could do that with the t algo usdc pool and then generate an
additional 20 apr on top of your statement rewards yeah, these are very, very juicy ways basically
to not just stick to the staking rewards,
which are currently around 8% on Tinyman,
but also to offer our user ways to earn even more.
And all of this is of course already live
and ready for you to stake your algo and earn more.
Incredible news all around.
Thanks, Eric.
Truly appreciate your time joining and sharing this with the community today.
Truly appreciate you.
Thank you, Fred.
Oh, thanks.
All righty.
Moving on to Kevin from Messina.
Kevin, the floor is yours.
Hey, Fred.
Thanks.
Just a quick disclaimer.
I'm on the football field with my son.
So if you hear some background noise,
then it's kids playing soccer or football.
Depends where in the world you're from.
But yeah, once again, thanks for organizing the space.
I don't think I'm going to fill the three minutes.
Let's just give a quick rundown of Messina.
For those that don't know what it is,
Messina essentially started out as an interoperability protocol,
bridging Algorand with a number of different chains,
especially in the EVM domain.
And so Ethereum, Polygon, Avalanche, Base, you name it, a few more.
And just basically bridging tokens based on a liquidity pool model.
The main use case is specifically on USDC bridging.
We also have, what's it called, CCP enabled from Circle.
So it can also be used for the chains where it is applicable. What's it called? CCP enabled from Circle.
So it can also be used for the chains where it is applicable.
So yeah, that's how it started out.
Then we initiated an Algorand Governance Liquid Staking Solution in September 2023. So basically similar to Fox Finance and GLGO at that time, with a slightly different mechanic,
where with MLGO you can unstake at any time and also leave your stake in between periods.
That's to do with the way that the pools are set up in which the algo is collected and voted for in the actual
governance. So that's been going on which is obviously ending as most of us I assume all know
and then we are moving to consensus taking so which we also continue so
with the difference that with with MLGO you don't actually have to do anything.
You just need to keep holding it.
So if you're in governance at the moment with Messina
and you want to switch over to consensus, you don't have to do anything.
You can just keep holding and that transition will happen automatically.
You can already stake your ALGO and receive MLGO in return already for consensus taking.
So if you go to our platform,
basically like like the gentleman before me,
you can stake your algo,
get a liquid staking token in return and
malgo and you are already contributing to
consensus and network security and all that as well.
So yeah, that's basically everything in a nutshell.
We are working on some further expansions and features.
Don't really have a timeline on those things or a roadmap to announce yet.
There will probably be MSc in a token sometime this year as well.
But we want to do that in the right way and make sure that we can launch that token into an ecosystem that can sustain a token. And so we're working that all out at
the moment. So yeah, keep an eye on our socials. And yeah, you'll find out what else we have
planned for the rest of the year. So, so yeah, that's basically it,
Fred.
I don't really have a whole lot to add.
All right,
Kevin,
thank you so much.
And that was three minutes on the dot.
So perfect timing.
Thank you so much.
Truly appreciate the update.
And I just got to give my two cents that the right way to call it is
football.
Okay.
Anybody that says,
you know,
football is wrong.
Okay.
Very large American community here locally.
So like I fall into the trap of calling it soccer all the time.
Yeah. As a Brazilian, it's got to be football. Thanks, man. I appreciate it.
Cheers. Cheers, Fred.
Thank you. All right. Moving on.
I'd like to invite Mr. Kieran from Compaqs. Kieran, you have the floor.
Hey, thanks Fred. Hi everyone again. So yeah, Compex. We launched SeaAlgo back in January
Hey, thanks, Fred. Hi, everyone again.
when Staken went live. We went from, you know, we are the smallest staking protocol, but we've
got some great things planned. And we went from like 100,000 algo up to just under a million
now. So we're super excited about that.
I see, you know, got zero fees from folks and zero fees from Tiny Man.
We won't be reducing our fees currently
because, you know, we feel that it needs to stay there for now.
But for people that do stick with us,
next month, that's, you that's after the dev retreat,
next month we'll be launching Compex Rewards
and Compex Governance.
So those who stick their algo with us
and use other features,
you know, our compounding farms, our staking pools,
token streams, the swap router, et cetera,
all those great features, you'll be able to get,
you'll get Compex token rewards weekly. And you'll also be able to participate in Compex governance.
And so algo stakers will be able to do that. So simply by staking your algo, you will be part of
our ecosystem, be able to have a say in the platform,
and you'll get rewards there too. Because we do do Cialgo restaking for XUSD,
which gets you into the XUSD economy.
And yeah, we've got some super exciting things to come
that start of next month is rewards, governance,
XNFT is coming back, back season three and rewards for the
previous year um and so much more that we have planned in there myself and arthur p2 of we cook
fame have been working hard on some really cool new stuff that we're going to bring into the platform in the coming months um you know lending amms other things so stick with
us check out the socials come stake some of your algo with complex join our ecosystem join our
discord get with our community and our amazing community team at the complex initiative headed
up by deshawn um and yeah we are here for the long run. And we are really excited to see where
everything goes with staking in general. So it's great to hear the other platforms have
some amazing things coming. And I can't wait to see what's next.
Incredible. Lots happening over at Compaqs, man. Truly appreciate, you know, you're coming
in and sharing with the community the plants. I'm very excited to what comes next.
All righty, moving on, I'd like to invite our friend
Bunsen from Vestige.
Mariano, you have the floor.
Hey, Fred.
Thanks so much for setting up this space.
I apologize if there's some background noise,
but they're doing some road work over here.
So we at Vestige, we're basically working on two main products that have to do with LSTs.
One of them we previously announced, which is our own LST, which is Vialgo.
And it's an attempt at both marrying the fact that most LSTs tend to have centralized stake operators,
which means like you tend to just hold everything in a single escrow,
which leads towards beefy nodes, but centralized nodes.
And other solutions like Reti, which are amazing,
which actually decentralize the stake,
and multiple node operators don't have a DeFi product attached to it
that you can essentially trade or build DeFi primitives on top of it.
We try to marry this tension into a new product, which we're calling Vesgarth, and which we're
looking to launch in basically the coming weeks, if everything goes as planned.
That essentially means so that individual node operators can bid for stake from passive
stakers.
And in so doing, they get essentially a boost in their own rewards
as if higher than if they were solo operating.
And passive stakeholders don't have to bother around with maintaining a node
or running a node themselves, which, as we know, can be a bit cumbersome
for individuals, especially if they're not technically savvy.
So that's one side of the equation. And
I'm looking forward to sharing more documentation as well as soon to be products that people can use.
And the other side is we're working on the analytics. As you know, Fred, we recently
launched a beta for v4, which is a whole new analytics suite. We are now going to start
tracking LSDs as well and in this tracking
here's the bit of alpha we're looking towards implementing lst aggregated trading now what
this means is just like what we do on d5 pools where we find you the best route and then and
always find you a better deal for your angles we want to do the same for lsts which means that
there are going to be some situations in which minting an LST and trading through that LST's liquidity is going to be a better deal than just hopping around algos.
Now, these savings are not going to be like groundbreaking, but they're savings and we hate leaving money on the table.
So we're looking forward to bringing this whole new suite of DeFi products to you.
bringing this whole new suite of DeFi products to you.
And honestly, just see the whole ecosystem grow.
As this LSDs start becoming more and more important
in our DeFi situation, we want to make sure
that every new user that comes in can always get the best deal
and can always find the best opportunities
to make their algos run a long way.
Incredible, Mariano.
Thank you so much.
Truly appreciate it.
And given that you haven't
used all the 30 all the three minutes i just gotta ask you know the question that i used to bug
patrick for a very long time you know back in the day for nft when may net for all of this
so for the analytics side we're still in the testing phase, and we basically have all the data now.
It's a case of finding out, optimizing our aggregating algorithm to actually account for them.
So we're looking at a matter of weeks. And then for the LST side of things, we're done with contracts.
We've done a rudimentary internal UI, but we're looking to push it for public testing and a peer review process
in the coming days. The retreat is actually going to be, for those that don't know, the retreat is
going to be an amazing way of essentially walking through the code that we have so as to get input
from the core builders on the Algorand DeFi space and make sure that it's battle tested. Because as
you know, we like to take security as a top priority. And the last thing that we want to do is to push a rush product that has any type of pitfall.
So I hate giving dates, but soon, two weeks.
Amazing.
Thank you, Mariano.
Truly appreciate it.
All right.
Okay, all go fam.
We have just wrapped up the first section of the spaces, which was the liquid staking providers.
Now we move on to the second section, which is the staking pools providers.
And here we're going to talk to our friends from PACT and Transaction Lab.
Our friends from PACT, they introduced themselves, but I do not see them in the speakerboard.
So PACT, if you were there and it's just a bug in my own X here, just speak up and let me know.
own uh x here uh just speak up let me know but i'm assuming not so with that i will invite uh
But I'm assuming not.
mr patrick from transaction lab to talk to talk to us about ready pulling patrick over to you
um yeah ready basically uh launched you know as soon as staking was live it was something that
started on last january i think technically as it was the being
discussed and plans are coming about and the protocol was being worked on um but right now
ready is the the largest has the most stake of all providers right now i think it's almost 10
of all online algo isn't ready.
Um, it's right now it's a hundred and almost about 144 million algo spread across like, let's see, uh, 80, 80 something, uh, pools, maybe, uh,
I, I, I, that pool is actually entirely different validators.
So it's a, it's a completely open protocol.
Uh, it is completely decentralized. actually entirely different validators. So it's a completely open protocol.
It is completely decentralized.
You can use ready to just run your own node
if you want to manage your own keys.
Have it automatically pay your rewards out to you
on a schedule as opposed to just every block.
Or it can be used for large enterprises.
Kiln uses it for their enterprise staking
and has over 122 million now go in their validator.
I think of staking pool protocols ready is now,
I think fifth across all blockchains.
So it's actually just really exciting, you know, actually it's really exciting to see,
you know, what came of it.
It's a completely open source, open protocol.
The repo is owned by the Elgrand Foundation.
You know, PRs are obviously welcome for the UI and things like that,
but it's being clearly open and protocol.
There's even been, you know, things that have been built on top of it because you can you can you could have, you know, lotteries or things like that, that use ready behind the scenes for their staking and then not have to worry about managing the keys or things like that.
And just have their rewards paid out into their content account, for example, and use that for auctions
and things.
It's just really powerful
and cool to see
as a primitive.
I think it's been exciting
to see it do so well.
Cool.
Thank you so much, Patrick.
I appreciate it.
And given that you only use
barely half of your time,
I'm going to ask you a question.
It was very for me
right uh but anyway just a quick question on the very last point that you mentioned you know that you know a lottery has been built and other things is there any alpha that you can drop
about any other upcoming uh fun things being built already or is it all secret for now? Yeah, I think I'd cut wind if someone was wanting
to do something pretty cool with it,
you know, more, I guess, gambling sort of things
that might use it.
So I don't know, we'll see what comes of that.
I think they're wanting to stay pretty anon,
but we'll see if it comes out.
But yeah, it's maybe a little tricky
if you want to support more than 70 million algo
because you spread across pools,
which obviously supports.
But yeah, I think we'll definitely see
some more interesting things come out of it.
All right.
Looking forward to those. Thanks, Patrick. Truly interesting things come out of it. All right. Looking forward to those.
Thanks, Patrick.
Truly appreciate it.
Thanks for joining.
All righty.
Fam, as I mentioned, you know, we were also going to host now our friends from Pact, but
it looks like they actually had some technical issues.
I just got a text message.
They're trying to rejoin.
So we'll move on without Pact.
And in case they're able to join the speaker board again again then we'll give them the floor later in the conversation so with this we basically at least for now we wrap up
the the staking pools section of the spaces and then we move on to the next phase which we're
going to talk about peer-to-peer staking and to that i'd like to invite mr urosh from valar to
talk about the product urosh you have three have three minutes. Thanks for joining. Thanks, Fred.
So Velar is a decentralized peer-to-peer staking platform.
And what it enables you is to directly connect with node runners
from around the globe that can run a node on your behalf,
on which you can then stake your algo.
And the unique thing about peer-to-peer staking
is that it's the only solution besides running an oil yourself where your algo remains in your wallet at all times while being staked.
And because of this, you always get 100% of your earned staking rewards directly to your wallet and you can move or spend your algo at any time without having to do any swaps or withdrawals.
So you never give up any custody of your algo.
It retains the same security properties as simply holding the algo in your wallet.
But there is more.
Even though the rewards for Algorand governance are ending now, as Fred mentioned,
the governance programs are here to stay.
They are even involving
and governors will continue to have a crucial say about the future of Algorand. And voila,
is the only solution besides running a node yourself, where you can continue to directly
participate in those governance programs and stake at the same time. And the best part,
you can start staking today, even if you are still in governance, because your algo will not leave your wallet. And for all the node runners out there, through Valar, you can offer your nodes to other Algorand users as a service, because your nodes have the capacity to stake for more people than just yourself. At Valar, you can then define your individual service
terms, like your prices and the payment currency, which can be either Argo or
stablecoins for a more predictable revenue. The core of Valar is that it
fosters network decentralization by enabling Argonaut users to select and
stake directly with node runners from around the globe. And the centralization is key to a secure and reliable blockchain.
So with Valar, you're not going just after staking rewards.
You're actively contributing to the security and reliability
of the whole Algorand ecosystem.
Valar launched on the first day of staking rewards,
and there is already 35 million algo staked through Valar
with multiple tens of worldwide node runners.
And because of Valar, there is now more than 200 new accounts
that are securing the Algorand network,
which represents about 10% of all accounts
that participate in consensus.
So to become one of those, please join us to stake and protect
algoron together thank you incredible thank you so much and very nice numbers very very happy to
see the valor adoption since uh you guys now came in live a couple months ago so congratulations and
thank you for joining us today all righty algo. So it looks like unfortunately our friends from PACT have not
been able to rejoin. I got a few messages from Andrew, but he's having technical difficulties.
So we'll get back to them if they come back in the next few minutes. But making a quick stop here,
you know, you have just heard basically from Brian how easy it is to run your own node on
Algo and if you're tech savvy enough. You have heard directly about
the many different liquid staking options,
directly from Fox Finance, TinyMan, Messina,
Compex Investage.
You heard about staking pools with ready pooling
by Transaction Labs.
And you just heard about peer-to-peer staking
from Valar.
There are many, many options for you to join
Argonne staking and then once again
contribute to the security of the network because hey you you got to protect what you care about
right so you protect the secure the network and get rewarded for doing so and why should you do
it well you should do it for two reasons number one as i just said you must always protect what
you care about and point number two is that, you know, if you do the math, the algorithm blockchain, it's processing, it's creating, you know, over 30,000 blocks per day.
You know, it's like around 31,000, 32,000 blocks per day.
So that's over 300,000 hours per day worth of block rewards that are up for grabs.
So you just got to participate and do your part in securing the network and participating in the fun with all of us.
and securing the network and participating in the fun with all of us.
And then now, continuing with Outdoor Spaces, I would like to invite the one and only Joe from Para
to share some of the updates that Para has in the roadmap about staking.
Joe, over to you.
Hey, hey. Thanks for hosting us on the space.
Just to recap of what everybody just said,
if you heard all that, something interests you
but you forgot the name, in Parawallet,
we have something called the stake portal.
Just open up the app.
It's right there.
You click on it.
It will list all the providers that recently talked.
It gives a short description about what their service is
about, if it's delegated, if it's liquid staking, staking
pool.
So it makes it very easy for the end user
to be able to explore the ecosystem and be able to pick's liquid staking, staking pool. So it makes it very easy for the end user to be able to explore the ecosystem
and be able to pick the right staking provider
that works for them.
But apart from that, we've made some updates
over the last couple of months in terms of the portal.
We added the TVL to most providers that gave it to us.
We're hoping to enhance the feature a little better too,
add more consensus stats that we're currently adding to Para Explorer.
On Monday, we released on our homepage of Para Explorer, consensus stats.
You could see how much algo is staked.
You could see how many people hold algo in their wallets, the amount of validators currently.
We have more updates coming this week as well.
Should be live today, but on our block pages, you should
see the amount of fees that block produce plus the amount of the payout for the user who proposed
the block. And in addition to that, we're going to also be launching on every wallet address that's
participating in consensus. You could see if you're eligible for the incentives. You could see if you
signed the key reg transaction,
you can see how many blocks you proposed,
you can see how many blocks you voted on.
So we're basically making
our entire ecosystem way more accessible for the end user,
so they can not only participate in consensus,
but also track their progress.
This is so good. Thanks a lot, Joe.
Truly appreciate it.
Very exciting.
And do you have just a timeline for these other things?
When are they coming to mind?
This week.
So we're basically there.
I'm trying to get more stuff in the app,
like on Discover, show the number of validators
so people don't have to leave the app at all.
But otherwise, we have all the endpoints ready to go,
which is a matter of putting them places.
All right. Looking forward to those updates. Thanks a lot. Should appreciate it. So, Algo fam, as we walk towards the end of our Twitter spaces, but we're not done yet,
just as a recap to what I said before about all of these different options that you can do
to join the stake in fun, you can find all the information that we just talked about and a lot
more on our website. So just go to algorand.co slash staking dash rewards. And there you're
going to find all the information about every single one of these options that we talked about,
you know, to help better guide you. And I also highly recommend that you check the pinned tweets
on top of these Twitter spaces.
There is a pinned tweet from everybody
that has spoken in the Twitter spaces before.
So make sure to check their profiles,
follow them if you weren't following them already
and stay in the loop.
And if you're not yet staking,
you know, make a decision and join the fun.
All right.
And before we wrap up though,
I want to invite Mr. Brian Whippo to share some things with us.
There's a couple of things that I think he wants to show to the community.
So Brian, why don't you take the floor for a couple of minutes now?
So just to reinforce everything we've been talking about, I will show staking your algos.
It's so, so important to securing our network. And years ago, when there was a white paper about the sort of increasing difficulty
that would come to the network to earn rewards, we are on that journey. The rewarded governance
program is coming to an end, and people should essentially be pivoting right into staking their algos and helping to protect the network that we all love
and use and spend a lot of time online talking about. So shameless plug for staking your algos
when GP14 ends. The other couple of things I will mention, actually three things. One is AlgoKit
v3. We made a lot of noise on social media yesterday
and traditional media.
The foundation launched the third major release
of our AlgoKit developer toolkit.
This notably includes the ability
to write smart contracts in TypeScript,
which is pretty cool.
So this is in addition to the native Python
we launched about a year ago.
And we're looking forward to taking this TypeScript option
out to the web developer community globally.
Outlook Kit 3 also has a bunch of other stuff in it,
a bunch of stuff.
Over the past year, we've built things like LoRa
and the Subscriber Library and two different testing frameworks.
There's an incredible amount of developer tooling in this kit.
It's a huge, huge step forward.
If you haven't tried it, we encourage you to try it.
Let us know your feedback and questions and Discord,
and we really can't wait to see what you all build with it.
Oh, wait, there's more.
While we were building AlgoKit 3,
we also rewrote all of our docs.
So the developer portal has been redesigned
from top to bottom,
reorganized conceptually.
All the code examples have been updated.
We don't teach people PyTeal and Beaker anymore, right?
Those are end of life.
So the whole dev portal is brand new at dev.algorand.co.
Have a spin through.
If you're interested in how stuff works, we've got conceptual sections.
If you're building, there's a build with AlgoKit section.
We also have cool new ways to interact with some of our resources,
like a browser-based examples gallery.
We have an interactive tutorial that you can take in the browser.
So we're really trying to upgrade our resources
and our sort of asynchronous learning options
so that people can fall into the pit of success.
I love that expression, when they try to learn
and build stuff with Algorand.
So really proud of the DevRel team and Larkin
and many of our engineers at the foundation
who helped us build this dev portal
and populate it with almost 650 pages of technical content.
And lastly, next week,
we will be doing an Algorand Developer Retreat,
a new event, the first of its kind.
This is not a hackathon.
It is sort of a hackathon, but it's not competitive.
We'll be getting together a few dozen developers in person next week
and also inviting folks that are not in the room with us
to participate remotely, so we have a hack from home track,
to build stuff to share with the whole community,
a collaborative, open-source hackathon, if you will.
And I'm going to be emailing out,
we have almost 100 signups already
for folks who want to participate remotely,
information about how you can get involved.
And the short story is we've got a place for people
to submit open source code that you think could be helpful
to the broader developer community.
It could be anything from a cool application demo.
It could be a developer tool.
It could be porting something from one language to another.
It could be highly experimental
or maybe like a production-grade version
of something we've never had before.
So there's lots of ways to get involved,
but I want to encourage folks to hack along with us
and think about problems
that maybe we've never really solved,
something that you've struggled with in your development,
and see how you can give back to the open source community.
So if you've already signed up,
you'll get an email from me later today.
We'll be sharing similar information on socials and in Discord,
and I'm really looking forward to seeing what folks build.
Thanks, Fred.
Incredible.
Thanks a lot, Brian.
So much exciting stuff happening over the last couple of days and in the next few days.
So exciting.
Very, very pumped.
So I truly appreciate you joining.
And AlgoFam, as we're basically going to the very last section
of our Twitter spaces today,
if any of you have any questions to the teams here in
the speaker board, feel free to raise your hand and I'll gladly bring you to the speaker board
so they can take your questions. And while I'll wait a couple seconds to see if anybody has
anything to ask, our friends from PACT were unable to join the spaces. So I'm sorry to share that,
but very quickly, I'll just give a very brief introduction to their product.
And then, of course, feel free to check their socials, websites to learn more.
But PACT is one of the leading DEXs in the Algorand ecosystem.
And they have recently launched a pretty cool feature called CCLPs, which are the consensus compatible liquidity pools.
Basically, it's a big fancy name.
But what it means is that if you provide liquidity in their DEX to a pool that has ALGO as one of the tokens, you know, so ALGO USDC or whatever it is, as long as it has ALGO, you are receiving rewards both from the trading fees that go through the LP, but also from staking rewards.
So, you know, just a very nice way to provide liquidity and participate in the network's security and get rewarded for doing so at the same time.
So it's a pretty cool product.
I recommend you check their profile, the social website, whatever you want,
and learn more directly from them, okay?
And with that, at least in these last few seconds,
we didn't get any comments or requests for questions
or anything that I see, at least no hands up.
So I think we're going to wrap up for today.
But before we do so,
I just want to emphasize once again
that GP14 is ending in a couple of days.
There is 800 million algos
that are waiting to participate in consensus, hopefully,
and choosing one of the many options
that we'll discuss today.
So if that is your case,
make a decision, make a plan.
We cannot wait to see your stake online
to make our grant safer and more decentralized, okay?
So very exciting stuff.
If you have any questions,
feel free to ping any of us, you know,
here on socials or whatever.
It's been a pleasure chatting with all of you.
I want to thank once again,
Mikkel, our head of social,
for organizing these three spaces,
you know, coordinating with all the,
you know, all the,
everybody here in the speaking board today. And of course, all of our community from all over the
world. And, you know, AlgoFam, of course, thanks to you, you know, whether it's morning, afternoon,
evening, or whatever it is for you. Thank you so much for joining live. We should appreciate your
support. And please extend that support to securing this network, okay? Thank you so much, everybody.
I appreciate everybody's time. I hope everybody has a great day thank you bye bye .
