We are thrilled to announce that we are not only live on the Astar Network mainnet but have also passed a critical step in passing our first audit with Quantstamp!
Quantstamp’s mission is to secure the decentralized internet and has protected over $200B in digital asset risk from hackers. In addition, more than 250 startups, foundations, and enterprises work with Quantstamp to keep their innovative products safe.
Quantstamp’s reputation is unmatched in the web3 space, and with Algem passing this audit, Algem users can rest assured that we have handled all critical security issues.
Security is of the utmost importance in the blockchain space, particularly in the DeFi space. Therefore, we feel it’s vital to take the necessary steps to protect our users’ assets.
After the initial report, bugs were found, and after that team fixed all of these issues and worked tirelessly to optimize the code.
Please click here to view our audit certificate.
About Quantstamp
Quantstamp is the leader in blockchain security, having performed over 250 audits and secured over $200 billion in value.
Our mission is to facilitate the mainstream adoption of blockchain technology through our security and risk assessment services.
Quantstamp services include:
- Securing Layer 1 blockchains such as Ethereum 2.0 and Solana.
- Securing smart contract-powered NFT and DeFi applications such as Maker and OpenSea.
- Developing financial primitives for Layer 1 blockchain ecosystems.
Enterprise companies including Visa, Toyota, and Siemens also trust Quantstamp to secure their blockchain implementations.
About Algem
Algem is a dApp built on Astar Network and offers two main features: liquid staking and liquid lending. As the name implies, these two solutions enable ASTR holders to remain liquid with their assets while putting them to work.
The liquid staking and lending solutions allow users to accumulate staking rewards and increase their earnings using Algem’s liquid nASTR tokens across Astar’s DeFi ecosystem. In doing so, Algem supports other DeFi protocols by providing liquidity, creating a sustainable and cooperative ecosystem on Astar Network and Polkadot.
