gALGO (Governance ALGO) is a wrapped version of ALGO, minted by Folks Finance. It allows users to participate in Algorand Foundation Governance without renouncing their liquidity. In other words, it is the Folks Finance Algorand Governance token and is minted at a one-to-one rate with the committed original ALGO in the Folks Finance platform. Therefore, users who minted gALGO during any relevant Governance commitment period are eligible to participate in the Algorand Foundation Governance and any Folks Finance proposals related to it. Users can freely use their gALGO in the ecosystem, for example, as collateral on Folks Finance, to interact with DEXs, to purchase NFTs, and so on.