Algorand Foundation: xGov Term Pool 1 will expire on June 30

According to official sources, the Algorand Foundation issued a statement stating that xGov Pool 1 will expire on June 30th. Next week, funds will be transferred from wallet address starting with DRWUX3L5 to NSIVDOYUJ address in preparation for the payment of xGov Pool 1 that meets the conditions in the first week of July.

Previously, Golden Finance reported on the key measures and developments of the Algorand Foundation's governance and xGov plan for 2024. The Algorand Foundation stated that it prioritizes decentralization and security, and therefore will reallocate funds from the governance reward program to directly incentivize consensus participation.