gALGO is a wrapped version of the ALGO token that allows users to participate in Algorand Foundation Governance without losing liquidity. gALGO is minted by Folks Finance at a one-to-one rate with ALGO and is used to participate in governance and other proposals related to it. Users can use gALGO in the ecosystem as collateral, to interact with DEXs, purchase NFTs, and more.
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