Governance rewards rates and distribution dates

At the end of each governance period we usually see a few posts about reward rates and when will rewards be distributed.

Reward Rates APR (Vanilla reward rate, DeFi reward rate) - Period 1: 14.05%, N/A - Period 2: 10.02%, N/A - Period 3: 7.96%, N/A - Period 4: 7.73%, N/A - Period 5: 6.76%, 14.01% - Period 6: 5.59%, 15.36% - Period 7: 6.27%, 16.35% - Period 8: 4.17%, 18.35% - Period 9: 3.03%, 18.75% - Period 10: 3.35%, 9.24% - Period 11: 3.21%, 12.36% - Period 12: 2.75%, 9.10% - Period 13: 2.95%, 9.19%

You can divide the APR by 4 to see the return for the period. You can read more about calculating rewards on my blog (https://algocleanup.com/blog/governance/calculating-governance-rewards).

Distribution Dates - Period 1: January 3, 2022 - Period 2: April 5, 2022 - Period 3: July 2, 2022 - Period 4: October 4, 2022 - Period 5: January 6, 2023 - Period 6: April 5, 2023 - Period 7: July 4, 2023 - Period 8: October 4, 2023 - Period 9: January 5, 2024 - Period 10: April 4, 2024 - Period 11: July 3, 2024 - Period 12: October 7, 2024 - Period 13: TBD

As you can see rewards are typically distributed on average 4 days after a governance period ends.

Can’t believe this is the final governance period with rewards, it’s been an awesome ride. If you are considering using Folks Finance to earn governance period 14 rewards and consensus rewards please consider using my referral link (https://app.folks.finance/algo-liquid-governance?ref=algocleanup).

Happy new year all, Algorand is shaping up for a great 2025.