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Wageroo Governance 3 Quarterly Report

September 29, 2022

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The Wageroo Community is Growing!

351

Algoexplorer

228

Reddit followers

113

Discord Members

325

Twitter followers

86

xROO Governors

ROO

ROO holders

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And our ROOconomy is Thriving!

5,000

Algo value wagered

~25m

ROO fees Distributed to LP

74

ROO-Algo LP holders

500m

ROO Wagered

25.4m

Biggest Ever Single Event Wager Pool – Everton vs Chelsea

52

Unique Wallets placing a wager

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Users

Season 0: Launch, Community & ROO Distribution

Season 1-6: Improve Adoption & User Experience

Season 7-100: Wageroo Ecosystem

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Users

Wageroo Decentralized Governance Organization’s mission:

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To engage, support and stabilize the Algorand Standard Asset (ASA) ecosystem through offering a unique use case for impactful ASA projects across the Algorand universe.

Users

xROO Governors

Roogenerates Community

Liquidity Providers

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Priorities:

  • Payout Automation:
    • Governance Proposal
    • Have deals in process
    • Enables further growth and development
  • GameRoo Development:
    • Aiming for Q1 2023

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GameRoo: Wagering GameFi

Strategy, turn based games

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Community style

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Happen within the blockchain

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All live players

Coming Q1 2023!

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Governance Proposal #1: Humble Swap LP

  • Humble Swap is up and coming DEX
  • Want to support Algo ecosystem

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  • Proposal (Vote Yes or No):
    • Move 25% of Treasury held LP to Humbleswap for both ROO-Algo and xROO-Algo
    • Grant StakeRoo eligibility for Humble Swap LP tokens for ROO-Algo and xROO-Algo

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Governance Proposal #2: Additional 1% Platform Fee for Development costs

  • Current 1% platform fee goes into treasury
    • Supports ROOconomy (goal is to create self sustaining prize pools by end of distribution timeline through 2030)
    • ASAs received stay in treasury as long term holding to support Algo ecosystem

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  • Proposal (Vote Yes or No): Add 1% platform fee for development costs
    • All ROO received would be put into specific development account focused on automation of the EventeRoo process
    • ASAs received would continue to stay in treasury

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xROO Staking Rewards from Governance #1

  • Thank you to our loyal xROO governors for supporting us this past 6 months!
  • Sending 1:1 match after Governance 3 vote to all eligible wallets

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You have created this community!

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Questions?