Ally Protocol

Ally is a cryptocurrency protocol that allows Algorand holders to create a wrapped version of ALGO (wALGO), a liquid stake version which is designed to be great collateral. wALGO allows you to earn governance rewards which makes ALGO collateral more profitable and more competitive in the DeFi space. It's also more accessible being available for any protocol that accepts ASA collateral, and can be mint at any time. The Ally team and community is dedicated to increasing the usefulness and value of ALGO with an initial goal to package ALGO as collateral for yield pools, loans, stablecoins, and other synthetics.