According to the official news, the Algorand Foundation has issued a statement saying that the xGov term pool 1 will expire on June 30. Next week, funds will be transferred from the wallet address starting with DRWUX3L5 to the NSIVDOYUJ address in preparation for eligible term pool 1 xGov payments in the first week of July. Previously reported, the Algorand Foundation announced key initiatives and developments for the 2024 Governance and xGov program. The Algorand Foundation said it prioritizes decentralization and security, and will therefore reallocate funds from the Governance Rewards program to directly incentivize consensus participation.