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Algem Weekly Dev Update – September 12, 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 12, 2023

Last week, the Liquid Lending development cycle was focused on finishing work on the frontend along with APR and TVL getters also being added. 

Furthermore, the contract size limit was hit, which required quite a lot of optimisations: 

  • Smaller error strings, 
  • Less variables inside the functions, correct visibility modifiers etc. 
  • All of the optimisations were made while trying to keep the “runs” parameters of the Solc optimiser. It makes calling the contract much more gas efficient.

Liquid Lending (Farming) Development progress can be found here

Danny, Algem smart-contract developer

The main work on Liquid Staking V2 was completed last week and testing of the functionality and UI configuration is ongoing. 

Additionally, adjustments have been made in accordance with the Sio2 audit results and the adapter contracts have been sent for verification. 

To finalise, a new branch of work dedicated to the ALGM staking contract has begun. At the moment, the overall architecture is ready and contract development is underway.

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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