Brief On Algorand Governance

Anyone can participate as a governor by committing algorand to the specified addresses in the form of a Zero Algo( fee only ) payment transaction with a special payload in the tx_message:txn:note field of the transaction.

Other governance actions are also carried out in a similar manner, be it voting or rewards.

Some patterns:

• 'af/gov1:j{"com":' : commitment Tx
• 'af/gov1:j[3,"a"]': vote A
• 'af/gov1:j[3,"b"]': vote B
• 'af/gov1:j{"rewardsPrd":': rewards payment

However, some rules/conditions need to be maintained otherwise the candidate is no longer an eligible governor nor will the rewards be granted! The rules being:

• Maintaining a minimum balance throughout the period in the Algo wallet as that which was committed.
• Participating in the Proposal Rounds by voting.

Additionally the live status/snapshots/proposals/governor eligibility can be checked here!