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    What Are Users Swapping gALGO3 For?

    gALGO3 is an asset that is pegged to ALGO. Users can lock their ALGO up on Folks.finance for governance and while their ALGO is locked they receive gALGO3 and you can use it for other defi activities. Read more about it here: https://docs.folks.finance/protocol-architecture/algo-liquid-governance Let’s look what users are swapping their gALGO3 for while their ALGO is locked in governance.

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    Definition of gALGO

    Governors who commit their Algo via Folks Finance will receive an Algo twin, named "Governance Algo N - gALGO" (where N corresponds to the number of current governance periods) at 1:1 rate with Algo. Each governance period will have its own liquid Algo asset. The user is free to use the gALGO at their convenience, i.e., deposit it in gALGO/fgALGO pool and lock them as collateral to request a loan, or move it outside Folks Finance.

    The gALGO (governance Algo) token is an Algo twin always worth 1 Algo.

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    There is a notable increase in the number and volume of trades to and from gALGO3 around April 13th. The main reason behind this significant increase is their announcement of a new gALGO3/ALGO farm with 20% APR.

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    as you can see there is only 2 DEXes that you can swap to or from gALGO3

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    0 stands for ALGO 226701642 stand for Yieldy I tried to find ten assets but there is only two of them

    Conclusion

    During this bounty I tried to answer these question: Show the number of trades to gALGO3 and from gALGO3 by day? Also chart the volume of trades to gALGO3 and from gALGO3 by day? Are there any notable days? If so, what may have caused this? What DEXes are users swapping gALGO3 on? Show the breakout of number of gALGO3 swaps(to or from) by day for each dex. What are the top 10 most popular to swap from to get gALGO3? What are the top 10 most popular to swap to from gALGO3?