You are free not to. I mean buying a few 100k Algo for any reason in this market a lot of people would call you crazy. But you do have the option just not to lock. That’s fine. There’s plenty of other places to park tiny offering decent yields and more flexibility.
As I’ve said before, no one at this point should really be locking tiny for governance reward APR alone – that’s insane and you are almost certainly better off taking your tiny to important tiny LPs and farming and earning a return with fees. Tiny/USDC offers almost 40% atm and is liquid. For me, and for the long-term benefit of Tinyman I park my tiny, help absorb sell pressure, typically funnel my voting power to said LP. Rinse/repeat till it’s large enough that I withdraw all as Tiny, and boost my tiny-power in Governance with it. Use that tinypower to boost the tiny/usdc LP, build up the LP again by putting my farming and governance rewards to it, withdraw all as tiny, lock it.
Pairing tiny with talgo is also a GREAT idea if you want to support the platform as it boosts Tinyman’s share of staking rewards. Personally I’d like to see Tinyman as the largest single staking solution among Algorand’s LST’s, and those tAlgo paired with tiny in our LPs. I think that would be absolutely fantastic for the platform and Algorand. I’d love to see our talgo/tiny LP at 3x the size of algo/tiny. I wish talgo/tiny had the depth of liquidity of algo/usdc (and personally not have only a few people hold the pool, because I don’t think it’s healthy for one user to do that).
It’s a big reason I push for things that could expand Tinyman’s revenue beyond JUST fees. We cannot and should not plan long term for that. We need to figure out other ways to boost our treasury, ideally I’d like to have a future where Tinyman can function very well regardless of whatever a few BTC whales, or a president, or a single gov does on any random Tuesday. It’s also why I push for things like deeping our ties to other defi partners – we are stronger together and when appropriate we should seek out ways to come to mutually useful agreements.
Then I suggest you start sending out a LOT of algo messages to our tinygovs, and send out a LOT of messages via the PM system here and a LOT of working other forums and areas our partner platforms frequent to draw eyes to it.
It’s ABSOLUTELY maddening. It takes FOREVER. It’s spending many, many, many many, many hours whipping up votes here. It’s frustrating, it’s exhausting, it’s kinda disheartening. And sometimes you do all that for nothing to come of it, or for it to be tabled, or not be able to be done in our current environment. Then you come up with something else, and you do it ALL over again.
I suggest you stay active in our discord, and (kindly) stalk people who reply to our x account asking them to pop over and vote. Hell I’ve basically begged. I’m what, 0/3 on proposals passing atm? And only one of them even got on chain and even then barely anyone bothered to log in and notice there was a vote happening.
Heck I got blacklisted by an overly aggressive filter as a spam account for trying to lure kedmd.algo back into the fold just recently, then had to go around trying to figure out how to get removed so anyone could see my messages.
Of note if you try to send messages via the PM system: A) the system will time you out if your messages are not unique enough, so no copy-and-pasting the same message to govs ya gotta tweak them so they’ll get past the filter. B) then you gott*a hope they actually pop in and see it. C) you gotta keep track of who you have and have not sent a message to already.
*
It. Takes. Forever.
But I’ve done it.
You also have pointed out one very key flaw in the forum vote:
A few people can effectively veto your proposal just by not voting at all and withholding you getting to the 50-vote threshold.
Which is why I proposed some changes to this:
Interestingly you voted agaisnt these initiatives.
Of note you keep saying farming rewards are one of Tinyman’s key things, but Tinyman Govs would disagree.
One Percent voted in the last distribution. One Percent.
Most of governance does not seem to care about rewards distributions, and they provide a very, very, lackluster incentive to lock tokens in LPs. Farming rewards do not determine liquidity in a project. Even just a CASUAL look at our LPs will show that. They do not drive liquidity to pairings.
Tiny/Algo: $31k locked farming, Farm rewards: 5.40% Only 64% of the LP is farming.
Tiny/tAlgo: $11.9k locked farming, Farm rewards: 9.15% Only 52.95% farming.
Tiny/usdc: $8,161 locked farming, Farm rewards: 18.54% Only 72% is in the farm
goETH / goBTC: $16k locked farming, Farm rewards: 0.31% Only 45% is in the farm.
Folks/Aglo: $30k locked farming, Farm rewards 1.27% Only 25.41% is in the farm.
Botsy/algo: $7,957 farming, Farm rewards 58.89% Only 52.03% is in the farm.
gobtc/Algo: $39,786.86 farming. Farm rewards: 0.10% Only 31.23% of the LP is in the farm.