GARD Protocol Announces Partnership with Cometa
GARD Protocol team is proud to announce a staking partnership with Cometa. Users of the GARD Protocol can now stake their $GARD and earn $GARDIAN rewards, stake $GARDIAN to earn more $GARDIAN rewards, and stake their ALGO/GARD LP tokens from the appropriate PACT.fi pool to earn $GARDIAN rewards all on Cometa’s platform.
“We decided to make the transition from AlgoStake to Cometa after continuous feedback from our community.” – Rylie Rueda, CEO of GARD. “GARD Protocol team is delighted to take advantage of Cometa’s smart contract and elegant user interface as a means to continue rewarding users of the protocol with ownership over the protocol.”
GARD Protocol’s 1,000,000,000 GARDIAN incentive program began during Algorand Governance Period #3 and has continued since. GARDIAN is a loyalty token that will be convertible at a later date for 5% of the total GAIN supply (5% = 100,000,000 tokens), the GARD Protocol’s DAO token. For more information about the protocol’s incentive program or to learn more about the inner workings of GARDIAN please visit this piece here.
As we continue to grow within the Algorand DeFi community we will keep announcing partnerships that promote adoption of both GARD and Algorand DeFi. Right now, one of the most exciting things to check back on is our V2 testnet launch coming later this week. The GARD team is incredibly excited to help boost DeFi composability in the coming months with the launch of the V2 protocol and hopes that it can be a catalyst for users onboarded to Algorand from the Algo FIFA partnership, other chains, and blockchain novices alike.
The GARD Protocol offers groundbreaking decentralized money and fixed-yield products for Algorand users and governors alike. Users can draw a stable line of credit from their ALGOs while earning interest on them through governance, borrow against whitelisted ALGO derivative ASAs, stake GARD for higher yields, and even trade their collateralized debt positions in the future.This system enables billions of locked ALGOs to regain their full utility while participating in governance. GARD Website
Cometa is a sustainable liquidity aggregator on Algorand, that combines Liquidity-as-a-Service with DAO governance. Our mission is to help projects attract long-term liquidity without having to give up ownership of their tokens and provide investors with a profitable investment instrument. One asset exposure and automatic impermanent loss protection make our solution the most sustainable in solving the liquidity problem. Cometa Website
Algorand is building the technology to power the Future of Finance (FutureFi), the convergence of traditional and decentralized models into a unified system that is inclusive, frictionless, and secure. Founded by Turing Award-winning cryptographer Silvio Micali, Algorand developed a blockchain infrastructure that offers the interoperability and capacity to handle the volume of transactions needed for DeFi, financial institutions, and governments to smoothly transition into FutureFi. For more information, visit Algorand Inc. Website
About Algorand Foundation
The Algorand Foundation is dedicated to fulfilling the global promise of blockchain technology by leveraging the Algorand protocol and open-source software, which was initially designed by Silvio Micali and a team of leading scientists. With core beliefs in the establishment of an open, public, and permissionless blockchain, the Algorand Foundation has a vision for an inclusive ecosystem that provides an opportunity for everyone to harness the potential of an equitable and truly borderless economy. For more information, visit Algorand Foundation Website
GARD Protocol Team