Gainify’s first year is complete. We now embark on year two with a popular new dApp, governance on the horizon, and a growing community of farming fans. Let’s see what’s in store for Y2:S1.
Season 12 Review
S12 brought the release of a new market driven LP: GAIN — goBTC. Before S12, this LP didn’t exist. During the season, the LP went from $0 to over $2,000! While the price of BTC gyrated between $80–$100k, our LP providers kept farming and earned nice piles of XVX.
Also in Season 12, we continued to bloom our partnerships within the Algorand ecosystem. We welcomed Fishsticks (FISH) to the Gainify family by creating a GAIN — FISH LP and burning it. Through LP partnerships and programs like the GAIN Supplemental Reward Program, we extend our hand to other ASAs and look forward to working with quality projects in our space.
Our NFD mints continued to Sakaru, as we are just a couple mints short of 100 total now, and sit in 12th place all-time for segment mints. Between deposit boosts and quarterly airdrops, gain.algo NFDs provide unparalleled utility to their holders. NFDs will be a major point of discussion in the quarterly report that will release in the beginning of April.
Finally, we saw TVL on the G-App blossom to over $100,000! Touching and breaking the milestone is one thing, but we’ve been able to sustain $100k TVL through the recent market retracements. Which is a great reflection of the app’s usage by both projects & farmers alike.
Y2:S1 Farms & Pools
Year two, season one starts April 1st on the G-App. We have a variety of new farms & pools to celebrate our first anniversary, some high APR farms for partnered LPs, and a blast from the past all making an appearance in Y2:S1. Here’s the assortment:
Farms
1) Stake GAIN-ALGO Tinyman LPs, earn XVX | runs for the entire season
2) Stake GAIN — goBTC Tinyman LPs, earn XVX | runs for the entire season
3) Stake GAIN — goETH Tinyman LPs, earn XVX | runs for the entire season
Note: given the success the goBTC LP had in its first season, we want to test the waters with crypto’s smart contract OG — ETH. If this farm finds the same success as the goBTC farm did, we will continue to offer it.
4) Stake GAIN — FISH Tinyman LPs, earn GAIN + ALGO | runs April 1–20
Note: our newest partner LP gets a farm, with an ALGO supplement provided by Fishstick.
5) Stake XVX — ALGO Tinyman LPs, earn GAIN | runs for the entire season
6) Stake XVX — MONKO Tinyman LPs, earn GAIN | runs for the entire season
Note: MONKO has seen a lot of action on the G-App, with consecutive stake pools that breached 10k TVL. Now we want to channel that energy into a LP with VERTEX.
7) Stake XVX — IPT Tinyman LPs, earn XVX | runs April 10–30
8) Mystery farm launching April 20
Pools
9. Stake MONKO earn GAIN | runs April 1–20
10. Stake AKITA earn GAIN | runs April 1–20
11. Stake BALLSACK earn GAIN | runs April 20–30
12. Stake COOP earn GAIN | runs April 20–30
Note: The pools listed above constitute our Meme Pool Party for Y2:S1. If you combine holder totals for the four tokens above, it would amount to 20,000+. We want to welcome them to the G-App!
13 . Stake GAIN earn GAIN | runs for the entire season
14. 2 mystery pools launching April 20
Gainify Governance
We want Gainers to be co-owners of the project. We have exemplified this through sharing app revenue to NFD holders, and will further cement this point by rolling out platform governance.
Gainify governance is currently in concepting phase, but we have some key points to relay:
- Platform governance will be created and a dedicated governance token will be minted.
- The governance token will be distributed by staking GAIN & XVX on the Gainify App.
- The launch of the governance platform will take place in mid-2026.
What this means: the minting and initial distribution of the governance token will start in mid-2025. Prospective governors will be able to stake their GAIN for a six month period to earn the governance token. When the GAIN staking period ends, the XVX period will begin. Between GAIN & XVX staking, Gainers will have a one-year period to earn the governance token.
The reason for having a dedicated governance token vs. using GAIN or XVX, is that our two existing tokens have different purposes. GAIN is our original token designed for yield farming, while XVX was created to drive attention & users to the G-App. Our governance token will have a single dedicated purpose — governance.
We don’t have plans to make the governance token tradeable or farmable, but as with any ASA, holders can create LPs and do as they wish with them as this is a permissionless environment.
Gainify Governors will help steer direction of the project by choosing farms & pools for us to release on a seasonal basis, target and integrate new chains to the G-App, vote on partner LP proposals, and more. Detailed information on Gainify Governance will be released in late May / early June. Keep an eye out here on Medium and also on X for more info.
Year One Recap
April 20, 2025 marks one year of the GAIN token. In that year, we’ve crossed major project milestones in trading volume, swaps & TVL, offered a ton of cool farm/pool rewards, partnered with 7 different Algorand projects, went from 0 -> 1,000+ followers on X, grew a community in Discord, attended Decipher, took third place in a hackathon, and all of this happened while we were relentlessly targeted by FUD/fudsters.
To commemorate our birthday, we’ll be doing a year in review that documents all the highs & lows we went through. This article will release in mid-April, and will be quite a long read. But worth it, particularly if you want to know what its like to build an entirely organic crypto project that hasn’t sold out to VCs nor relied on welfare via foundational handouts.
Turn on Medium notifs and keep an eye out for the extensive Year One Recap.
Quarterly Report
Our first quarterly revenue airdrop to NFD holders will take place in the beginning of April. Coinciding with the airdrop, we’ll be publishing the Q1 2025 Quarterly Report.
The report will document the amount of revenue the app has made in the first quarter, how the airdrop amount is derived in total / per NFD holder, what the expectations are for future airdrops, and links to wallets for tracking.
As the G-App wasn’t publicly released in January, the first airdrop will be 1/3rd smaller than expected. Also it takes time to attract users to farm and projects to deploy, but we’ve seen a great uptick in usage over the past few weeks and expect that momentum to carry though Q2 & beyond.
The quarterly report will release alongside the airdrops, and will be published here on Medium.
G-App Checkup
The G-App has been quite busy. In addition to going over $100k TVL, we also crossed the 10k lifetime transaction threshold in S12.
In the last part of March, we saw two new pools launch from trending ASAs $FISH & $COO. This attention is great for the G-App’s usage and drives up the transaction count quickly. We’re happy to see increased adoption of the app from projects & users alike.
While the app is working amazing for 99% of its users (as evidenced by TVLs & tx counts), we have some known issues we’d like to document:
- A very small amount of users are receiving a “no network connection” error message when trying to transact.
This issue seems to happen only to Android users, and as we previously mentioned, the app is not optimized for mobile use at this time. Users should first try to use a desktop for transacting if possible. If there is no access to a desktop, users should clear their cache and try an alternative internet connection to reconnect (WiFi v. cellular).
Second, this issue is likely a local one. Tech Lead Joe swept the server to ensure there are no erroneous firewall ports blocked or restricted. If the issue persists after clearing the cache, ensure no VPNs are being used, and try to visit this link on a mobile browser:
https://status.algonode.io/
If that connection fails, then the error resides with the user’s ISP.
- Lute wallet cannot transact
The front end developers we worked with incorporated use wallet. This should allow Lute to work on the app, but it isn’t. So we will need to dive further into this error and no prospective date for a fix can be currently provided. We encourage users to try Pera or Defly if they cannot connect with Lute.
- “My Rewards” are crazy high and inaccurate
This error happens when a farm or pool offers a secondary reward. The valuation is inaccurate for the secondary reward and is the reason for astronomically high values. This was brought to the attention of the front end developers we worked with in January, but as the value is cosmetic, it wasn’t addressed before the app was handed over to us.
We’ll be reviewing the mechanism used to derive secondary reward values and attempting to find a fix for this error in the next month. Raw accurate values of secondary rewards can be found by clicking directly into the farm/pool or by viewing it on the landing page.
As the G-App was built from scratch, we continue to find bugs and squash them. This has happened since the first release up to this point. Since the G-App went live, we have pushed 34 updates to the back end and about 100 updates to its front end.
All of these updates have happened without any downtime nor loss of funds.
We appreciate everyone’s willingness to bear with challenges they face, and encourage you to report them in our Discord.
Conclusion
Year two has a great ring to it. It’s also surreal to say, given the challenges we faced and overcome in the past year.
When we launched, most people thought we would rug in the first week — didn’t happen.
When we won third place in Change The Game, most people thought we would spend that money on ourselves — didn’t happen.
When we had to delay the release of the G-App due to slow development, most people thought we died — didn’t happen.
We don’t stop. We’ve self funded this project, poured thousands of manpower hours into it, and network with quality projects in our ecosystem to give Gainers new opportunities to earn amazing yields. We enjoy it! There are some weeks where the co-founders spend more time with our team and community than with their own families. If you have a family of your own, you can appreciate this point.
We’re passionate about what we do, enthusiastic about the future, and eagerly assist our users and projects so they can utilize the G-App to its fullest potential. We’re here to stay and even with a year under our belt, we’re only getting started.
