gALGO to xALGO: The Next Phase of Staking on Algorand
Today marks a major shift for the Algorand ecosystem: Governance rewards and gALGO have officially come to an end. But for gALGO users, transitioning to the new staking model is simple and direct.
With one-click migration, you can convert gALGO into xALGO, Algorand’s leading liquid staking token. This allows you to continue collecting yield, now in the form of Staking Rewards, with 0% fees and double Folks Points — all while keeping your ALGO liquid and usable across DeFi.
Users who leveraged their Governance commitments can also migrate to Ultrastake, unlocking the ability to earn up to 4x Staking Rewards.
If you participated in Algorand Governance Period 14, your final governance rewards will be sent directly to your wallet once the Algorand Foundation distributes them by April 7th. Meanwhile, gALGO node runners have already received their staking rewards for the period, which were distributed immediately after it ended today.
Why Choose xALGO?
- Real-Time Rewards — Watch your holdings grow without running a node.
- Ultrastake — Multiply your stake (and rewards) up to 4x.
- Double Folks Points — Earn 2x the points for staking with xALGO.
- 0% Fees — Enjoy Staking Rewards with no fees.
- Full Utility — Use xALGO as collateral, trade it, or integrate it into DeFi apps, all while earning rewards.
What is xALGO?
xALGO is the primary liquid staking token on Algorand, issued when you stake ALGO through Folks Finance. It represents your staked ALGO and accrues Staking Rewards in real-time by participating in Algorand Consensus.
With xALGO, you can:
- Stake any amount of ALGO — no minimum required.
- Collect lucrative rewards while keeping your ALGO liquid and usable.
- Use xALGO across lending markets, DeFi apps, and DEXs for trading.
How to Migrate from gALGO to xALGO
The migration process is straightforward:
- Visit the Liquid Governance page on Folks Finance.
- Make sure to check the ‘Migrate to xALGO’ box.
- Click ‘Stake’ — no extra steps needed.
- Start collecting Staking Rewards immediately with your new xALGO balance.
It takes just one step, ensuring a smooth transition.
For those who leveraged their Governance commitments, the option to migrate directly to Ultrastake is also available, allowing you to collect up to 4x Staking Rewards.
Security & Transparency
Folks Finance is committed to providing a secure and transparent staking experience:
- Decentralized & Open-Source — The xALGO liquid staking is open-source, with trusted community participants running nodes.
- Audited on Immunefi — Smart contracts undergo rigorous security reviews to ensure maximum protection.
With the transition from gALGO to xALGO, Folks Finance’s governance power will also move to xALGO stakers, allowing them to vote on internal proposals.
The Future of Staking on Algorand
With Governance rewards ending, staking through xALGO is the next evolution for ALGO holders. This transition ensures continued participation in the Algorand network while getting lucrative rewards.
Make the switch today — migrate your gALGO to xALGO in one click and start earning Staking Rewards immediately.
