Algorand — ASA tokens, governance rewards
Algorand's Pure PoS distributes participation rewards to all ALGO holders (now opt-in via governance). ASAs are the standard token format. We cover both.
Algorand was an early-mover on PoS with rewards historically distributed automatically to all ALGO holders. The current model uses opt-in governance — holders commit ALGO to a quarterly governance round and receive rewards proportional to their stake. ASAs (Algorand Standard Assets) are the native fungible / NFT format. The Algorand DeFi ecosystem is led by Folks Finance (lending), Tinyman (DEX), and Pact (DEX). Smart contracts use Algorand Smart Contracts (TEAL) with their own decoder path.
What's tracked on Algorand
ALGO transfers and governance rewards
Per-round governance reward accrual booked as ordinary income.
ASA transfers
Algorand Standard Assets decoded with metadata.
Folks Finance, Tinyman, Pact
DeFi positions tracked end-to-end.
TEAL contract calls
Decoded against published TEAL programs.
Algorand accounting questions
Are Algorand governance rewards taxable on receipt?
Yes — at the ALGO fair-value on the governance round close. We book per-round.
Other chain coverage and tax guides relevant to this network.
Book Algorand the right way
Free during Alpha. Connect a wallet, see every transaction reconciled to journal entries.