Гаманець для Folks Finance Staked xALGO

What is Folks Finance Staked xALGO (XALGO)?

Staking ALGO through Folks Finance returns xALGO, a token that stands in for a share of the staked pool. The point of holding it is that the stake stays transferable: the ALGO behind it is committed to Algorand consensus, while the xALGO in your wallet can be moved, held or used as collateral in Algorand DeFi.

The mechanic that matters for a holder is that xALGO does not rebase. The number of tokens in the account stays exactly where it was; what changes is how much ALGO each one redeems for, since consensus rewards accumulate inside the pool rather than being paid out as extra tokens. So a balance that looks frozen for months is behaving normally, and redemption back to ALGO happens through the protocol, not by sending xALGO to an exchange address.

Like every Algorand Standard Asset, xALGO has to be opted into before an address can receive it, and that opt-in raises the account's minimum ALGO balance slightly. Transaction fees are paid in ALGO, so keep a little of it in the same wallet even if you never plan to touch the position.

Because the accounting happens on the network side, a Tangem card holding xALGO needs no maintenance at all - the app simply queries the chain and shows the current balance and what it is worth in ALGO. Supported networks in Tangem (1): Algorand. A card that sits in a drawer for a year is a perfectly reasonable home for a position designed to be left alone.