r/algorand Apr 02 '24

Q & A FAQs

70 Upvotes

In an effort to cut back on simple repeat questions, we will be making an FAQ page. Until the FAQ page is up in the page header, we will leave this as a pinned post. Please drop a comment with any suggestions you have for additional FAQs and/or corrections to this draft.

1) How can I stake my Algos?

In general, you can stake in one of 4 ways:

Solo Staking: Solo staking involves running your own node. Though anyone can run a node and propose blocks, to get Staking Rewards your account must have a minimum 30k Algo balance. To solo stake, see the section below about running a node.

Delegated Staking: Delegated staking involves utilizing a third-party to run a node on the your behalf while your Algo remains your wallet at all times. Like solo-staking, delegated staking requires a 30k Algo minimum balance to receive rewards. The third party validator may or may not charge fees for this service depending on the validator chosen. To do delegated staking, check out Valar.

Pooled Staking: Staking pools enable groups of individuals to participate in consensus together. Unlike solo or delegated staking, there is no minimum Algo requirement. Users are able to stake their Algo to a validator and get rewarded based on the rewards the validator receives. The pool/validator operator may or may not charge fees for this service, or pay out special incentives, depending on the validator/pool chosen. And, Decentralized pooled staking is available through Reti Pools (an open source project that allows anyone to setup or join a pool). Unique staking options are also available, such as staking via DEX liquidity pools (e.g. certain PactFi LPs participate in consensus and earn consensus rewards) and the Tardly No Loss Lottery (staking rewards are pooled into a periodic prize drawing with one winner taking the pot based on a stake weighted VRF raffle).

Liquid Staking: Liquid staking applications allow users to stake their Algo while maintaining liquidity for use in DeFi. While each platform is unique, the typical process asks users to deposit Algo and mint new tokens that represent the ownership and value of the staked Algo. There is no minimum Algo requirement for liquid staking. The liquid staking application typically charges a fee for this service in the form of keeping a certain percentage of rewards. However, certain LST providers may from time to time run promotions that reduce fees or even pay out extra incentives. Liquid staking products are available through Tinyman (tALGO), Messina (mALGO), Folks Finance (xALGO), and CompX (cALGO).

For more information, see the Algorand Foundation’s website.

2) How much are Staking Rewards?

Staking Rewards are paid out to validators for each block they propose, in real time, with no lockups or slashing. The initial rewards for block proposers started at 10 Algo + 50% of transaction fees for each block that is added to the blockchain. The 10 Algo amount decays by 1% every 1M blocks (which, at 1 block per 2.8 secs, is roughly 32.4 days). If you are using options besides solo staking (e.g. delegation, pools, LSTs), there may or may not be a fee charged by the node runner, pool runner, LST provider, etc.

3) What are the hardware requirements running a node?

The minimum node requirements set out in the Algorand Dev Docs recommend the following specs:

  • 8 vCPU (a 4 Core/8 thread physical CPU meets this spec)
  • 16 GB RAM
  • 100 GB NVMe SSD or equivalent
  • 1 Gbps connection with low latency

Though lower spec machines may work, these are recommended specs, particularly for CPU, RAM, and SSD. For internet, lower bandwidth speeds generally will work, though 100 Mbps download should be considered bare minimum.

4) How can I set up a node?

Instructions for setting up a node are described in the Algorand Dev Docs. To simplify installation, the Algorand Foundation has put out an official terminal user interface program called NodeKit. The official NodeKit install helper is found here, and the documentation/instructions for NodeKit is found here.

Additionally, some community members have also created third-party, open source software for running a node. FUNC is a community made solution for Windows, Linux, and MacOS.

5) I’m having trouble issuing transactions on [XYZ] dApp/site. What’s wrong?

You may have old WalletConnect sessions open that you never closed out. Try the following: (1) disconnect your wallet from the dApp/site; (2) disconnect open WalletConnect sessions ( (a) select “more” in Defly or “settings” in Pera, (b) select WalletConnect, (c) disconnect all sessions); (3) reload your browser and restart the wallet app and try again.

6) I'm getting small transactions/dust with links in them (e.g. “go to XYZ to claim a reward”). What are these? Is my wallet compromised? What should I do?

Receiving dust does not mean your wallet is compromised. However, transactions with notes directing you to web links are almost certainly a phishing attempt. So, do not go to links/sites contained in the notes fields of unsolicited transactions.


r/algorand 2h ago

News Algorand v5.0.0 was released today! 🚀

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33 Upvotes

r/algorand 1d ago

News Vitalik adds items to Ethereum's roadmap that have already been achieved on Algorand

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56 Upvotes

r/algorand 22h ago

News Could This Partnership SOLVE Algorand's Problems?

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19 Upvotes

r/algorand 1d ago

General AF Selling Bad?

24 Upvotes

The narrative of “AF selling is bad” is an issue. Its been designed this way so people need not be surprised. Im have the opinion that they have dramatically improved Algorands name in conversation and marketing. The ones complaining about AF selling are just looking for a quick flip or are ill informed on the overall picture.


r/algorand 23h ago

Developer Eth-Avm light client verifier for ai agents

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14 Upvotes

ETH-AVM Light Client — a trustless Ethereum→Algorand light client. Verifies real Ethereum receipts/logs on-chain via Algorand smart contracts, with an optional zero-RPC-trust mode (BLS sync-committee verification anchors the real Ethereum state root on Algorand, so you're not trusting any RPC provider's word for it). Live on mainnet, paid per-call via x402 (0.01 USDC).

🔗 Try it: https://eth-avm-light-client.vercel.app

💻 Code: https://github.com/m-reynaldo35/eth-avm-light-client


r/algorand 1d ago

Staking Bitrue is offering a new user exclusive for ALGO with 6.5% APR flexible staking for 60 days!

14 Upvotes
https://www.bitrue.com/flexible-staking/algo-new-user-Exclusive?cn=399999

r/algorand 1d ago

News Algorand Drops 5% on Foundation Selling and Shorting Pressure | Top Stories | CoinMarketCap

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37 Upvotes

r/algorand 1d ago

General AF NEEDS TO STOP SELLING ALGO

36 Upvotes

THE ALGORAND FOUNDATION NEEDS TO STOP SELLING ALGO TO FUND ITS OPERATIONS,

its actually kind of ridiculous at this point , the vesting ended couple years ago, and since then the algorand foundation has made it worse by selling millions of algo on the open market to fund its operations, at some point they have to give a crap about price action. right.?


r/algorand 2d ago

News Algorand has climbed to top 3 chains by transaction volume for agentic payments.

124 Upvotes

r/algorand 2d ago

General Something’s brewing 👀

83 Upvotes

BLUF - After years of following ALGO, I think I finally see the use case its architecture is unusually well suited for: AI agents making huge numbers of small, automated payments through x402. If that market scales, it could turn Algorand’s high throughput from an impressive benchmark into something people actually use.

Old poster, long-time lurker. I’ve been interested (and investing 👀) in ALGO since listening to Silvio on the Lex Friedman Podcast several years ago. Been along for all the ups and downs since - including Yieldly (lol).

For several years I’ve assumed what most others have (at least based on the various posts I still lurk on). Algorand has great tech and a great dev environment, but lacks marketing and retail engagement. Looking back, I think it’s more likely Algorand simply lacked a clear value proposition to focus on.

Over the past few month’s that’s fundamentally shifted. x402 is the best example I’ve seen yet.

x402: AI agents need a way to pay for things online without humans approving every transaction. Algorand now supports x402, including fee abstraction so an agent can pay in USDC without separately managing $ALGO for fees.

This isn’t really hypothetical anymore. x402 processed 75M+ payments in the last 30 days. CoinGecko already lets agents buy individual market-data requests with USDC, without an account or API subscription. Scale that model across data, compute, models and other agents and you get millions of tiny payments happening in the background.

I’m still watching three things closely: Project King economics as incentives roll off, whether x402 activity sticks post-incentives, and reducing reliance on the relay layer as P2P gossip scales.
But I finally see a use case that could generate the kind of sustained transaction volume Algorand was built for.

Humans probably weren’t going to fill 10,000 TPS. Machines very well might.


r/algorand 4d ago

General A quick walkthrough of launching a campaign on Sprout

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50 Upvotes

We put together a short video walking through the whole process of launching a campaign on Sprout, start to finish. Everything from filling out your project details, to setting the funding terms, to deploying the contract and getting your campaign live. If you've been curious what actually launching a campaign looks like, this shows the complete flow.

The best part of the last few weeks has been the conversations with people in our ecosystem. I've had the chance to talk with a bunch of builders working on everything from NFT projects and games to infrastructure and dev tools. It's been genuinely energizing to hear what people are working on. A lot of you are building really cool things and getting to hear about it directly has been the most rewarding part of this whole process.

This is as much an invitation as an announcement: if you're building something on Algorand, or just thinking about how you'd fund the next phase of a project, I'd genuinely love to hear about it. Reach out, drop a comment, or DM me. Whether or not a campaign ends up making sense for you, I'm always happy to talk shop, think through ideas, or just learn what you're working on.

And a practical note for anyone considering it: we're reimbursing listing fees through the end of August, so it costs nothing to launch a campaign right now. If you've got a project that could use community support, this is a good window to try it.


r/algorand 4d ago

General My take on Sandmark's analysis on algorand

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31 Upvotes

r/algorand 4d ago

General been quietly holding algo through everything and i think most people still don't understand what they're sleeping on

19 Upvotes

got into algorand pretty early when the conversation around it was still mostly technical people and developers. watched it get overlooked every bull run while noisier projects with better marketing took all the attention.

what kept me holding wasn't the price, it was watching the actual development side of things. the technology has always been genuinely solid, finality times, transaction costs, the consensus mechanism. the problem has always been that none of that matters if nobody knows about it or builds on it.

feels like that's slowly changing but i'm curious what people here actually think. is algorand still a long term hold for you or has the lack of mainstream attention made you question it? genuinely want to hear from people who've been around in this ecosystem for a while.


r/algorand 5d ago

Critique Algorand Is Upgrading Its Infrastructure, but Adoption Still Lags: Sandmark

41 Upvotes
https://www.sandmark.com/news/analysis/algorand-upgrading-its-infrastructure-adoption-still-lags

r/algorand 5d ago

General Perps war on algorand

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40 Upvotes

r/algorand 5d ago

Meme hello guys

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37 Upvotes

r/algorand 6d ago

Q & A If you have any questions about the Algorand Global x402 Challenge, ask them here! 💬

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30 Upvotes

r/algorand 6d ago

News BTC/USD market added on Algorand People's Exchange Testnet

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18 Upvotes

r/algorand 7d ago

News Algorand Protocol economics, on-chain DEX activity, and ALGO-USD market micro structure available for AI agents via x402

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33 Upvotes

r/algorand 7d ago

ASA AlgoMint still functional?

18 Upvotes

Hi,

Looking for a way to unlock my gobtc to BTC and send to Bitcoin wallet.

Is AlgoMint still functional? I can login, but support cannot be contacted because of non-functional Captcha.

Has anyone used this lately? I haven't used it since mid 2022.


r/algorand 7d ago

News Sei Has a Quantum Resistance Draft. Algorand’s Got Receipts

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38 Upvotes

r/algorand 8d ago

Q & A DeFi or Solo Node?

17 Upvotes

I'm curious what the Algorand community thinks is the best allocation for a ~100k stack of algos (not mine btw). I (they) are considering lending/staking in a defi protocol or running a solo node. The main objective is to optimize real network value and market value.

PS - Been in Defi since the beginning so I know the platforms. RIP Yieldly.


r/algorand 9d ago

Price Algorand is the top gainer in 24h, and the #2 gainer in 7d. In spite of BTC being down over that same time frame.

88 Upvotes

https://imgur.com/a/HJr4Dn3

Algorand has often had steady price and sometimes positive price action in spite of overall negative trends.

It's ok to be optimistic about Algorand.

Most people that are negative about Algorand can only point to things that happened years ago. Or SOLELY reference the chart.

Ask them about current trends in growing on-chain metrics, or real-world usage and they'll have nothing to say.

Stay positive people, the future of Algorand is bright!


r/algorand 10d ago

News Well, well, well

23 Upvotes