As part of an ongoing effort to bring transparency and clarity to the [Algorand](http://algorand.com/) project, we have published regular transparency statements on our Algorand holdings and activities.

## Transactions:

From Q4 2021 through Q1 2022, USV sold Algos constituting roughly 20% of our total holdings (including unvested Algos).

Note: as the Algorand Early Backer Rewards program has now concluded, this will be USV’s final Algorand Transparency Statement.

Linked below are all previous posts USV has published regarding Algorand:

- [Algorand](/content/writing/2018/02/algorand/index.html) (Feb 15, 2018)
- [Algorand Launch](/content/writing/2019/06/algorand-launch/index.html) (Jun 19, 2019)
- [Algorand Economic Improvement Proposal](/content/writing/2019/09/algorand-economic-improvement-proposal/index.html) (Sep 6, 2019)
- [USV Algorand Transparency Statement, Q4 2019](/content/writing/2019/10/usv-algorand-transparency-statement-q4-2019/index.html) (Oct 14, 2020)
- [USV Algorand Transparency Statement, Q1 & Q2 2020](/content/writing/2020/07/usv-algorand-transparency-statement-q1-q2-2020/index.html) (Jul 1, 2020)
- [USV Algorand Transparency Statement, Q4 2020 & Q1 2021](/content/writing/2021/04/usv-algorand-transparency-statement-q4-2020-q1-2021/index.html) (Apr 1, 2021)
- [USV Algorand Transparency Statement, Q2 2021](/content/writing/2021/07/usv-algorand-transparency-statement-q2-2021/index.html) (July 1, 2021)
- [USV Algorand Transparency Statement, Q3 2021](/content/writing/2021/11/usv-algorand-transparency-statement-q3-2021/index.html) (Nov 20, 2021)