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Algem Weekly Development Update: Latest Progress and Achievements

Algem Weekly Dev Update (Feb 6th – Feb 12th): Keep up-to-date with the latest developments and progress from the Algem development team with our weekly update.

Dev Update - 15.02.2023

Hey everyone, we are pleased to share updates with you regarding our latest developments in the realm of smart contracts, liquid lending (farming) and the UI.

Smart Contracts: Liquid Lending (Farming) Progress & Roadmap

February 12th, 2023

“During the previous week, the development progress on the contract aspect was limited.

Our focus was predominantly directed towards application support scripts and task completion. Furthermore, we took measures to enhance the existing tests.

Moving forward, we plan to continue with the development of the contracts logic and tests. However, the majority of our efforts will be invested in the deployment of the Liquid Staking Multipools.” — Arthur, Algem CTO

Algem secret product

February 12th, 2023

“The code for the product was written, now we are working on unit tests for it, in preparation of the audit.” — Arthur, Algem CTO

About Algem

Algem is a decentralized application built on the Astar Network and offers two main features: liquid staking and liquid lending. As their names suggest, these two options let ASTR holders keep their assets liquid while putting them to work. Also, the liquid staking and lending solutions let users use Algem’s liquid nASTR tokens across Astar’s Defi ecosystem to earn staking rewards and make more money. In doing so, Algem supports other Defi protocols by providing liquidity and creating a sustainable and cooperative ecosystem on the Astar Network and Polkadot.

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