Intro
xALGO is already live on multiple chains (Ethereum, Arbitrum, Avalanche, Base, BNB, Polygon) through Wormhole NTT framework. This proposal seeks community input on where to deploy the next xALGO/USDC liquidity pool using treasury funds.
Context
xALGO is the liquid staking token for ALGO within the Folks Finance ecosystem. It is currently bridgeable across chains via xPortal, which handles cross-chain transfers built on top of NTT.
Expanding liquidity to additional chains creates native trading venues, improving accessibility and adoption. The goal of this post is to gather community input on which chain that should be.
Proposed Treasury Allocation
- 15,000 USDC
- 15,000 USD equivalent in xALGO
Total: $30,000 in initial liquidity, sourced from the community treasury.
Chain evaluation criteria:
- Active DeFi user base and meaningful on-chain volume
- Reliable AMM/CLMM infrastructure suitable for the xALGO/USDC pool
- Specific use cases chain/Dex related
If you have a strong case for a specific chain/DEX, the reasoning is welcome.
Voting Process
The poll below will decide which chain will be included in the governance proposal, please cast your vote. Poll snapshot will be taken at 2026-05-17T20:59:00Z
- Arbitrum
- Avalanche
- Base
- BNB
- Ethereum
- Polygon