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Algorand launches a DeFi incentive program

Hassan Maishera - Cryptowisser
2021-12-31 13:00
The Algorand Foundation has partnered with Algofi to launch an incentive program to boost the usage of decentralized finance (DeFi) protocols on its blockchain. Users who supply, borrow, and stake on the platform stand a chance to benefit from the initiative in the first quarter of next year.
Algorand is an open-source, permissionless, Pure Proof-of-Stake (PPoS) blockchain protocol for “the next generation of financial products”. As such, Algorand ensures "full participation, protection and speed within a truly decentralized network".
ALGO is up by more than 7% over the last 24 hours and is currently trading at $1.75 per coin.
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