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Algem Weekly Dev Update – September 05, 2023

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

Smart Contracts Progress

September 5, 2023

Last week Liquid Lending development was focused on the ongoing tests and front-end connection. Aside from the debugging, we found a couple of ways to shorten the amount of requests needed for loading, so we added some new getters on top of the existing ones. Another important improvement is the TVL & APR getter, allowing the conversion of individual pair data into a human-readable format.

Liquid Lending (Farming) Development progress can be found here

Danny, Algem smart-contract developer

The main focus of work during the past week was on Liquid Staking V2, including preparing contracts for testing on Astar and configuring UI integration. Updates were also prepared for all current partner adapters to enhance reliability. To achieve this, a pausable functionality was added, providing more accurate information on available rewards by factoring in protocol fees during reward calculations. Furthermore, certain unused logic was removed for code cleanliness.

Liquid Staking 2.0 Development progress can be found here

Alex, Algem smart-contract developer

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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