Algorand Surges as Foundation Incentivizes DeFi Activity on Algofi

From January, users of Algofi will algorithmically earn ALGO rewards when they borrow and lend ALGO and the dollar-pegged stablecoins AlgoStable (STBL) and USD Coin (USDC). Tokens will also be rewarded to users of goBTC and goETH, representations of bitcoin (BTC) and ether (ETH) on the Algorand network, respectively, if they stake the assets on AlgoFi.