Proposal 006 - Algorand Development and Validator Addition (5L8LbT3xC) Implementation

Status of July Proposal Items: 1/2 items completed. Additional details below.

  1. Ops team, based on STKR token holder feedback, is proposing to commit to building on Algorand, initially by making BLND available on Algorand through a swap mechanism that will allow registered holders of BLND on Ethereum to port their position into the Algorand network and vice versa.

In Progress: Engineering has not yet begun

  1. Ops team is also proposing to add Blockdaemon as a validator for BLND’s underlying assets.

Complete: Blend’s underlying assets have included this entity as a validator.