Why Choose GARD?
GARD is the logical solution for Algorand DeFi and Algorand Governance participants. The GARD Protocol enables users to both earn rewards and gain tremendous utility. Users of the protocol can earn ownership in it, which will allow them to guide the protocol and shape the future of the broader Algorand ecosystem.
Store of Value
GARD protects the holders’ value by being overcollateralized and using a balancing mechanism. GARD holders will be able to stake their GARD and earn a portion of protocol revenue going forward for added value.
GARD draws liquidity from many different users and may be used by stability seekers and liquidity providers alike. Since day one, the protocol also has committed to distributing ownership in the form of rewards to active participants.
GARD has instant transactions that are completed for less than a fraction of a penny as facilitated by the Algorand blockchain.
We created the first decentralized dollar that is built on the best blockchain, backed by intrinsically valuable capital, and pay users for their liquidity rather than charging them
Proprietary smart-contracts and oracles live on the blockchain and enable equal terms for GARD participation within the Algorand ecosystem.
Safe and Secure:
The security of Algorand, multiple code audits, and redundancies for our servers to protect from DDOS attacks and account hacks.
No matter the price of Algorand, GARD will remain pegged to 1 USD thanks to our proprietary code and balancing strategy.
GARD enables real value to be sent anywhere in the world for a fraction of the cost of any other method whether backed by traditional financial systems or crypto. Thanks to GARD a new global economy will be possible
Founder & CEO
Rylie is a passion driven leader that has had lifelong interests in helping others and finance, specifically where these interests intersect.
She has been involved in crypto since 2017 and is a firm believer in proof of stake blockchains, specifically Algorand, and how they will be part of this solution.
Rylie's previous experiences in startups and finance have taught her how to ignore external noise and maintain a clear vision, while her athletic experience has taught her how to build and unify the teams she is a part of.
Co-Founder & COO
Experienced startup Founder & CEO who has experience fundraising, generating revenue, and cultivating users at both the individual and institutional levels.
Ryan's success and experience building his company, JDoe, directly translates to GARD's scaling as all startups, regardless of their market, encounter similar obstacles.
David is an experienced quantitative systems developer with a love for coding. He is currently leading development on the GARD project.
His previous roles provided him with large scale data processing experience. David also has an academic background in CS, Math, and Finance.
These experiences enabled him to easily transition to crypto and build innovative dApps on Algorand.
Serial entrepreneur and crypto investor who is currently the CEO & Managing Partner at Borderless Capital (>$500M AUM), Managing Partner at HNT.Fund and Partner at 11-11 DG Partners.
David’s early success and experience investing in crypto led him to the Algorand community. He helps back and scale the most exciting projects in the ecosystem.
Serial entrepreneur and crypto investor who is currently the Chairman & Founding Managing Partner at Borderless Capital (>$500M AUM).
Arul is focused on building category leading companies on Algorand and Helium's networks.
Amit is an experienced venture capitalist and is currently a General Partner at Borderless Capital (>$500M AUM), formerly a Founding Principal at Unicorn India Ventures, and Advisor at Woodstock Fund.
Amit possesses transactional skills and the ability to help portfolio companies navigate critical situations and scale. He has a track record of creating accretive outcomes for both founders and investors.
Zach is an investment analyst at Borderless Capital (>$500M AUM) and is their in-house DeFi and Tokenomics expert.
Zach possesses extensive blockchain knowledge including game theory, cybersecurity, automation, distributed computing, brain computer interfacing.
Frequently Asked Questions
How do I participate in DeFi on Algorand?
What is DeFi composability?
Composability is a core feature of decentralized finance where users can interact with protocols in limitless combinations, stacking activities on top of one another like building blocks. Often referred to as ‘money legos,’ users can deposit assets in a protocol, borrow against them, deposit assets received in another protocol, and earn yield each step of the way. A great thread exploring DeFi composability on Algorand by one of our co-founding investors, David Garcia, can be found here.
What is Yield Farming?
Yield farming involves lending or staking cryptocurrency in exchange for rewards. Yield farmers measure their returns in terms of annual percentage yield (APY). While potentially profitable, yield farming also comes with risks.
What is Algorand Governance?
Algorand Governance enables all ALGO holders with at least one ALGO to vote on the future of the protocol by staking their tokens. This mechanism has helped all of Algorand become similar to a Decentralized Autonomous Organization (DAO) and users who participate are rewarded with more ALGOs. Over time, this process will become more and more efficient, move on-chain, and change Algorand into a true DAO. For more information see our thought piece here.
How to participate in Algorand Governance with DeFi?
Several protocols, including GARD, have enabled users to leverage their ALGOs while still participating in governance. These platforms allow Algorand DeFi users to earn rewards on top of the Algorand Governance rewards. GARD is unique in that it allows users to retain custody of their own ALGOs and vote for whatever measures they see fit rather than delegating their votes. Participating in Algorand Governance with DeFi applications can help users earn more yield than participating in traditional Algorand Governance through the foundation and also comes with additional risks.
How does Algorand Governance work?
Each quarter, governors must promise to maintain a certain ALGO balance in their account to participate in Algorand Governance. During each quarter/period, Algorand Governors must also vote on whatever proposals are brought forward by the Algorand Foundation in order to remain eligible. Governors will receive rewards at the end of each governance period as long as they remain eligible and take the appropriate steps to do so. For more information see our thought piece here.
When does Algorand Governance enrollment start?
The start date for Algorand Governance period #5 is October 1, 2022.
What are algorithmic stablecoins?
Algorithmic stablecoins are crypto tokens that use price stabilization algorithms to maintain the value of an asset, usually at $1, only using software and a set of rules.
How do algorithmic stablecoins work?
Stabilization of algorithmic stablecoins can be achieved by increasing the supply of a token when the value goes up and by reducing it when the price goes down. The rules for such actions by the algorithm are available in smart contracts in embedded form and it is possible to change the rules only by leveraging social consensus or through votes associated with governance or seigniorage tokens.
Setting up your Algorand account
We recommend setting up one of three Algorand wallets that are compatible with the GARD Protocol's web application; MyAlgo Wallet, Pera Wallet, or AlgoSigner. For more information on setting up your wallet we encourage you to watch our tutorial here.
Funding your Algorand account with ALGOs.
You can purchase ALGOs on a centralized exchange like Coinbase and send them to your Algorand account address directly.
Connecting your account to the GARD Protocol's web application.
To connect your Algorand account to the GARD web application, simply click ‘Connect Wallet’ in the upper right corner, agree to the terms of service, select the Algorand account you would like to use, and enter your account’s password. NOTE: We will never ask you for your seed phrase. For more documentation on connecting your Algorand account see our documentation for more details here.