Algorand's second governance voting period runs Jan. 31 through Feb. 28  — here's a breakdown of eligible governors, committed Algos, and period rewards as of Feb. 9. 

Changes since last week

Not much changed for Algorand's eligible whale and committed Algo numbers between this week and last. 508 governors moved 7.26 million Algos since Feb. 2, becoming ineligible for Period 2's voting and rewards. The 7.26 million Algo removal barely changed Period 2's reward rate -- an increase of 0.01 percent -- so the reward rate remains basically unchanged at 2.3 percent.

Last week's governance eligibility update is available here. 

Period-2 vs Period-1 

There are currently 63,312 eligible governors who may cast votes on Period-2's xGov proposal, with a total commitment of just over 3 billion Algos.

Period-2's eligible committed Algos at this time remain far larger than Period-1's eligible Algos at the period's close — 76 percent larger, to be exact. The number of eligible governors is similarly skewed to Period-2, which currently has 26 percent more than Period-1 finished with.

Period-2's current eligible committed Algos provide a 2.3 percent reward rate. The 2.3 percent reward rate will almost certainly grow, since there is still plenty of time for governors to move their committed Algos and become ineligible. 

Period-2's whales

Period 2's largest current eligible whale controls 4.6 percent of the total committed Algo. Near 50 percent of Period-2's total committed Algo is currently controlled by the 25 largest governor accounts. And the top 100 governor accounts still eligible control almost 80 percent of the committed Algos. 

Interestingly enough, Period 2's top 100 whales are slightly more decentralized than Period 1's. 

Final thoughts

Not much changed between today's Period 2 eligibility numbers and last week's. I'd like to extend this series' comparison metrics to the vote counts as they roll in. Hopefully I can implement that next week.

Thanks for reading!