Overview:

Hello Algem users!

Welcome to our monthly development report, where we share the latest updates from our development team. 

TLDR:

Danny deployed LF on Swell, resolved audit issues, implemented TWAP + SwapRouter for price stability, and ensured vaults are manipulation-resistant.

Alex launched veALGM staking, configured vesting and airdrop systems, updated LS contracts for Astar’s block time changes, and maintained user and protocol support across staking systems.

Danny:

Week of 09.06
Danny focused on resolving audit findings. While most issues were minor and quickly addressed, a few required deeper investigation to implement safe fixes. Additionally, he deployed the Liquid Farming (LF) contracts to the Swell chain, expanding multichain support.

Week of 16.06
Danny continued audit-related work, with a major focus on fixing the H03 finding related to price manipulation and vault behavior under such conditions. He also reviewed NFT bridging contracts to ensure compatibility with Algem’s NFTs.

Week of 23.06
In response to audit feedback, Danny implemented a Time-Weighted Average Price (TWAP) mechanism for vault pricing instead of relying on direct pool.slot0() data. The challenge was identifying where TWAP improves accuracy without breaking core vault logic, especially since many pools have minimal observation history (cardinality = 1), requiring creative workarounds.

Week of 30.06
Danny dedicated the week to testing the new vault price-handling logic. Integrating the SwapRouter allowed more distributed price impact across pools during swaps. When combined with TWAP-based price limits, the vault is now better protected from sudden manipulation. Testing focused on tuning the TWAP time window and validating correct vault behaviour across scenarios.

Alex

Week of 28.04–02.06
Alex resolved several user-facing issues on Soneium, including delayed withdrawals and incorrect staking balances. He also proposed a debt repayment plan for the Sio2 adapter and supported Chainlink Labs in verifying xnASTR for potential oracle integration.

Ahead of Astar’s June block time update, he ensured Liquid Staking contracts (LS1.5 and LSv2) were compatible, safeguarding protocol performance.

Additionally, Alex deployed ALGM staking and vesting contracts on Minato and Soneium, enabling reward distribution. He developed the interface logic for airdrops and vesting, linking unlock conditions to Liquid Farming tasks for a dynamic TGE setup.

Week of 09.06–16.06
Alex deployed and verified the veALGM staking contracts on Soneium and prepared integration for partner tokens and reward pools. He also updated Liquid Staking contracts in line with Astar’s faster block time and generated new snapshots for Astar Degens to support transparent reward tracking.

Conclusion:

Over the past month, Danny completed critical upgrades to vault pricing logic by integrating TWAP and SwapRouter mechanisms, which enhance resilience against manipulation and reduce price impact. His audit fixes and multi-chain deployments show strong infrastructure progress.

Alex ensured protocol stability through Astar’s block time transition, launched staking and vesting systems for ALGM, and supported user-facing operations, Chainlink integrations, and reward tracking infrastructure.

About Algem

Algem is a decentralized application built on Astar Network and Soneium offering two main features: Liquid Farming and Liquid Staking. As the names suggest, these two options let ASTR and ETH holders keep their assets liquid while putting them to work. Liquid Farm or Liquid Stake with Algem’s Cross Chain platforms from Soneium or Astar Network and earn multiple rewards in the process. With Liquid Farming you’ll get a liquid lfETH fully redeemable token, in exchange for your ETH deposit to utilise this across the Soneium ecosystem all whilst earn farming fees and accruing Algem’s Native token ALGM in the process. In Liquid Staking, you’ll earn rewards that are automatically compounded with the Reward bearing xnASTR token for APR Yield in a simplistic way offering you peace of mind.

Join Our Growing Community!

Website | Twitter | Discord | Telegram