Overview:

Hello Algem users!

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

TLDR:

Danny completed audit support and testnet deployment, then optimized vault contract bytecode via variable refactoring and interface minimization.

Alex collected staking stats and helped resolve a LiquidLoan withdrawal issue.

Danny:

Week of 07.07

Danny focused on providing audit support, including clarifying implementation details and running manual tests for edge-case scenarios. Several minor findings were addressed during ongoing discussions with the auditor in preparation for the final report.

Week of 14.07

This week, Danny implemented the final set of audit fixes. Following that, he deployed the updated contracts to testnet, including custom token pair setups for Kyo and Sonex to validate integrations with the updated logic.

Week of 21.07

Danny concentrated on optimizing the vault contract to reduce its bytecode size. To achieve this, several public state variables were converted into view functions, and unused elements were stripped from interfaces. Compiler settings were also fine-tuned—including the use of the via-ir flag—to stay within Solidity limits and improve deployability.

Alex:

Alex collected scheduled statistics on user balances within the Astar Degens staking utility. He also liaised with the team to respond to a user experiencing issues with LiquidLoan withdrawals, helping them resolve the problem.

Conclusion:

Danny finalized audit work and deployed updated vault contracts to the Soneium Minato testnet, then began optimizing contract size for mainnet deployment. His efforts ensure compliance, efficient deployment and multichain readiness.

Alex maintained operational oversight by providing timely user support and tracking staking data to preserve transparency and engagement metrics.

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.

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