What is dALGO?
About Hone's dALGO token
When you stake your ALGO on Hone you will receive dALGO, an ASA that mirrors the characteristics of ALGO. The entire dALGO supply resides in the Staking Pool smart contract, and can only be moved from the contract by staking ALGO.
dALGO is a tokenized derivative of your principal staked ALGO plus any rewards generated from Algorand Governance or other incentive programs. dALGO can be thought of as ALGO participating in governance with the freedom to move freely without becoming ineligible for governance rewards.
Copy link