![]() The Algorand governance system comprises quarterly governance periods, and governors need to sign up anew to each period during the signup window.You need to maintain the committed Algo throughout the governance period and ensure you have sufficient Algo tokens in reserve in the participating wallet to cover transaction fees that will be required during the period. We recommend that you leave at least 1 uncommitted Algo in your wallet.Periods start at each calendar quarter (Jan, April, July and September) and details are announced on the governance portal and the Algorand Foundation’s website a few days before their start date. A governor can vote by accessing the governance system dashboard here. Each governance period includes one or more voting sessions, and governors must participate in voting on all measures during the governance period to be eligible for rewards.You must both keep your balance above the committed Algo amount and vote to be eligible for rewards. Governors who register and stake Algos for a three month period during the sign up phase will be entitled to vote on the voting measures put forward by the Foundation in the voting phase, and will then receive rewards in the rewards phase. Each cycle lasts three months and contains a sign up phase, a voting phase and a rewards phase. Do I need to maintain my staking in any way?Īfter signing up your ALGO tokens during the signup phase, there are a few things to keep in mind:. ![]() View our Step-by-Step Staking tutorial here Go to the Governance Portal page for the current period, click on the ‘Show All’ link at the top. Step 4: After committing your desired amount of Algo, visit the Governor’s page to verify your eligibility. Step 3: Finalize by clicking ‘Commit Algos’ and sign the transaction. We recommend committing at most 1 Algo less than the balance in the governing address. Note that it is NOT RECOMMENDED to commit the entire Algo balance in this address, because the governors are expected to send a few zero-Algo transactions from the governing address, and will have to pay the transaction fees for them. Enter the number of ALGOs you would like to commit. Step 2: Commit your Algos by clicking the “Commit Algos” button. If the sign up phase is closed for the current period, you must wait for the next period’s sign up phase to open. Please note that to participate in governance, you must sign up during the sign up phase. Step 1: Go to the Algorand Governance Portal and connect to your wallet. To delegate your tokens, you should ensure they are stored on your Ledger or Pera Wallet, and then follow these steps below: There are several ways to earn a return on your ALGO, including lending them out to custodial providers or through decentralized lending protocols, running your own validator, or delegating your tokens to validators of your choosing.įor the best security and control over your funds, we recommend using a Ledger Hardware Wallet.
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