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BTC 57,601.10 (-3.63%) -
ARS 1,079.80 (+0.03%) -
ETH 2,918.00 (-1.65%) -
SOL 129.86 (+4.82%) -
PEPE <0.01 (+6.68%) -
DOGE 0.13 (-2.71%) -
XRP 0.51 (+1.66%) -
WIF 2.57 (+7.20%) -
ENA 0.78 (+0.90%) -
OP 2.72 (+9.50%) -
BONK <0.01 (-1.67%) -
NEAR 5.93 (-2.03%) -
RUNE 4.79 (-0.75%) -
AVAX 32.59 (+1.24%) -
ETHFI 3.64 (+0.92%) -
BOME <0.01 (+2.38%) -
ORDI 33.37 (+3.28%) -
TRX 0.12 (+2.00%) -
WLD 4.46 (+0.93%) -
ADA 0.44 (+1.09%) -
FLOKI <0.01 (-0.59%) -
HBAR 0.10 (-0.10%) -
RNDR 7.34 (+2.86%) -
AR 28.89 (-1.33%) -
MATIC 0.69 (+3.71%)
coin summary Governance xALGO (xalgo)
- What is xALGOxALGO is an interestbearing asset that brings Algorand governance yield to other chains,allowing for a continuous governance commitment without periodic burning.
- Thanks to its interestbearing nature,xALGO is the perfect fit for bridging Algorand Governance to other chains.
- What makes your project unique xALGO users get Algorand Governance rewards without needing to vote or periodically commit,as the voting power is delegated to Algo Liquid Governors,and the locked ALGOs are automatically recommitted by Folks Finance smart contracts.
- xALGO value grows in value over time due to its interestbearing structure.
- Users can provide liquidity to DEXs’ liquidity pools and get trading fees.
- What is Folks Finance Folks Finance is a noncustodial #DeFi protocol providing financial tools for digital assets.
- Smartcontract technology empowers Folks Finance to offer advanced strategies while eliminating risks of centralized interference.
- Users can deposit assets to earn yield,as well as use their deposits as collateral for loans.
- Implementing the Folks Router aggregator enables native swaps on the protocol and composability with the other operations.
- Flash loans give developers the keys to deep liquidity.
- Algo Liquid Governance and Crosschain Algo Liquid Governance provides the most efficient method of participating in Algorand Governance through gALGO and xALGO,whose use cases continue to expand rapidly.FAQWhat does it mean for a wrapped token to depeg from its underlying assetWhen a wrapped token depegs from its underlying asset,it means that the market value of the wrapped token has deviated from the value of the underlying asset.
- Ideally,a wrapped token is intended to be maintained at a predefined ratio with its underlying asset.
- However,external factors such as market fear,uncertainty,and doubt FUD can cause the wrapped tokens value to fluctuate independently.What is the ratio of xALGO to AlgoThe ratio depends on the amount of Algo deposited in the xALGO mint pool compared to the amount of xAlgo in circulation.For example,if there are 100 Algo and 100 xALGO at the beginning of governance,the ratio is 1:1.
- At the end of governance,assuming a reward rate of 15%,15 ALGO will enter the pool.
- The new ratio will be 115/100 = 1.15Is ALGO still held and maintained at this ratio with xALGOThe underlying Algo is still held and maintained at the abovementioned ratio.
- The depegging is a market phenomenon and does not affect the collateralization or backing of the xALGO token by the underlying Algo.How does temporary market volatility affect xALGO’s pegWhen there is heightened volatility in the market,i.e.,excessive selling pressure,combined with a lack of liquidity,the price of xALGO can deviate from the underlying Algo.
- However,as volatility reduces and normal trading activity resumes,combined with arbitrageurs who spot the price mismatch and buy the underpriced xALGO to be redeemed subsequently,the peg is restored eventually.What factors will contribute to the resolution of the depegAt the end of the current governance period,xALGO can be burned for the committed Algo + the accrued rewards through the mint and burn mechanism.
- Therefore,the burning mechanism would eventually provide the resolution for the depeg..
Summary of the coin Governance xALGO
highest price statistics: 0.37 $USD
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The most traded coin
(Update every 1 hour)
| at | from | is ($US) | turnover ($) |
|---|---|---|---|
| 1 | BTC |
57,639.77 | 4,954,362,307.01 |
| 2 | ARS |
1,079.90 | 1,897,567,597.80 |
| 3 | ETH |
2,919.95 | 1,872,046,681.02 |
| 4 | SOL |
130.01 | 1,047,602,856.78 |
| 5 | PEPE |
<0.01 | 461,216,990.06 |
| 6 | DOGE |
0.13 | 398,539,183.70 |
| 7 | XRP |
0.51 | 260,289,112.20 |
| 8 | WIF |
2.57 | 202,165,229.39 |
| 9 | ENA |
0.78 | 156,785,291.06 |
| 10 | OP |
2.72 | 150,227,072.83 |
| 11 | BONK |
<0.01 | 133,474,703.76 |
| 12 | NEAR |
5.94 | 130,764,841.42 |
| 13 | RUNE |
4.79 | 123,388,308.24 |
| 14 | AVAX |
32.60 | 108,595,089.65 |
| 15 | ETHFI |
3.64 | 95,240,963.39 |
| 16 | BOME |
<0.01 | 89,736,683.14 |
| 17 | ORDI |
33.40 | 84,716,115.01 |
| 18 | TRX |
0.12 | 76,462,434.54 |
| 19 | WLD |
4.47 | 69,994,960.39 |
| 20 | ADA |
0.44 | 69,224,129.18 |
| 21 | FLOKI |
<0.01 | 67,244,414.63 |
| 22 | HBAR |
0.10 | 64,533,443.75 |
| 23 | RNDR |
7.35 | 63,066,947.78 |
| 24 | AR |
28.95 | 62,853,881.80 |
| 25 | MATIC |
0.69 | 62,367,405.32 |
Coins with rapidly rising prices
(Update every 1 minute)
| at | from | is ($US) | more (%) |
|---|---|---|---|
| 1 |  VGX |
0.09 | +25.64 |
| 2 |  COMBO |
0.72 | +16.47 |
| 3 |  JTO |
3.28 | +15.20 |
| 4 |  COS |
0.01 | +13.51 |
| 5 |  AXL |
1.19 | +10.39 |
| 6 | OP |
2.72 | +9.63 |
| 7 |  STEEM |
0.30 | +8.11 |
| 8 |  LSK |
1.73 | +7.77 |
| 9 | WIF |
2.57 | +7.43 |
| 10 | PEPE |
<0.01 | +7.33 |
| 11 |  ELF |
0.55 | +7.25 |
| 12 | W | 0.65 | +6.52 |
| 13 |  BNX |
1.02 | +5.67 |
| 14 |  WAVES |
2.31 | +5.64 |
| 15 |  REI |
0.08 | +5.29 |
| 16 |  TIA |
9.72 | +5.20 |
| 17 | SOL |
130.01 | +5.08 |
| 18 |  SFP |
0.85 | +5.04 |
| 19 |  RAY |
1.45 | +4.70 |
| 20 |  ICP |
13.32 | +4.41 |
| 21 |  EOS |
0.78 | +4.35 |
| 22 |  STX |
2.05 | +4.21 |
| 23 |  PROM |
8.55 | +4.12 |
| 24 |  BLZ |
0.33 | +4.01 |
| 25 | MATIC |
0.69 | +3.84 |
| 26 |  IMX |
2.00 | +3.78 |
| 27 |  ALPINE |
1.82 | +3.71 |
| 28 |  ATOM |
8.74 | +3.63 |
| 29 |  COTI |
0.11 | +3.54 |
| 30 | ORDI |
33.40 | +3.53 |
The price of coins is falling rapidly.
(Update every 1 minute)
| at | from | is ($US) | reduce (%) |
|---|---|---|---|
| 1 |  PSG |
4.59 | -12.08 |
| 2 |  ATA |
0.19 | -9.44 |
| 3 |  XVS |
8.50 | -8.90 |
| 4 |  ORN |
1.32 | -8.40 |
| 5 |  1INCH |
0.36 | -8.21 |
| 6 |  PUNDIX |
0.58 | -7.17 |
| 7 |  VITE |
0.02 | -6.34 |
| 8 |  XNO |
1.04 | -6.05 |
| 9 |  AKRO |
<0.01 | -4.71 |
| 10 |  ONG |
0.52 | -4.56 |
| 11 |  SEI |
0.51 | -4.35 |
| 12 |  GLM |
0.44 | -4.28 |
| 13 |  FARM |
74.66 | -3.93 |
| 14 |  CVC |
0.15 | -3.88 |
| 15 |  POLS |
0.70 | -3.77 |
| 16 |  WBTC |
57,559.51 | -3.60 |
| 17 | BTC |
57,639.77 | -3.50 |
| 18 |  NULS |
0.54 | -3.21 |
| 19 |  FIS |
0.48 | -3.19 |
| 20 |  SANTOS |
5.69 | -3.11 |
| 21 |  NEO |
15.46 | -3.07 |
| 22 |  BAR |
2.37 | -3.07 |
| 23 |  SYS |
0.19 | -2.98 |
| 24 |  SC |
<0.01 | -2.93 |
| 25 |  JASMY |
0.02 | -2.83 |
| 26 |  GMX |
24.09 | -2.75 |
| 27 |  PERP |
0.94 | -2.58 |
| 28 |  HIFI |
0.68 | -2.47 |
| 29 | DOGE |
0.13 | -2.41 |
| 30 |  YGG |
0.73 | -2.32 |
Bitcoin's Greed and Fear Index.
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US news that has a significant impact on the market
| at | news | day | date | time |
|---|---|---|---|---|
| 1 | Challenger Job Cuts y/y | Thursday | 02-05-2024 | 12:30 |
| 2 | Unemployment Claims | Thursday | 02-05-2024 | 13:30 |
| 3 | Prelim Nonfarm Productivity q/q | Thursday | 02-05-2024 | 13:30 |
| 4 | Prelim Unit Labor Costs q/q | Thursday | 02-05-2024 | 13:30 |
| 5 | Trade Balance | Thursday | 02-05-2024 | 13:30 |
| 6 | Factory Orders m/m | Thursday | 02-05-2024 | 15:00 |
| 7 | Natural Gas Storage | Thursday | 02-05-2024 | 15:30 |
| 8 | Average Hourly Earnings m/m | Friday | 03-05-2024 | 13:30 |
| 9 | Non-Farm Employment Change | Friday | 03-05-2024 | 13:30 |
| 10 | Unemployment Rate | Friday | 03-05-2024 | 13:30 |
| 11 | Final Services PMI | Friday | 03-05-2024 | 14:45 |
| 12 | ISM Services PMI | Friday | 03-05-2024 | 15:00 |
| 13 | FOMC Member Williams Speaks | Saturday | 04-05-2024 | 01:15 |
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