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Development Report – Algem (Bi-Weekly Update)


Hello Algem users! We’re here with our bi-weekly development update to keep you informed about the progress in our product development. Our dedicated developers, Danny and Alex, have been hard at work, ensuring that our platform continues to evolve with improved functionality, security, and user experience. Let’s delve into the recent developments and understand what’s been accomplished and what’s on the horizon.

Smart Contracts Progress

Liquid Farming Development – Danny:

Danny kicked off the first week with a focus on enhancing the project-wide test suite. Alongside this, he added some front-end related functions to the core contracts. A key consideration during this process was to maintain backwards compatibility for getters. Simply put, this ensures that the front-end logic can work seamlessly with minimal changes, enhancing user-friendliness and efficiency.

In the second week, Danny shifted his focus to addressing security issues identified during the audit of the V2 version. The majority of these issues have been resolved, with a few requiring different approaches for resolution. Importantly, all resolved issues have been synchronized with the V3 codebase, ensuring consistency and reliability across versions.

Next Week:

Looking ahead, Danny aims to finalize the remaining security fixes and update the audit repository. This ongoing commitment to security ensures that our platform remains a safe and trustworthy environment for all users.

Liquid dApp Staking and Vesting Development – Alex:

Our developer Alex was on a well-deserved holiday during these two weeks. While he was away, the team ensured that the project continued to progress smoothly.

Upcoming Milestones:

In conclusion, our development team continues to make significant strides in enhancing the LiquidFarming platform. The recent focus on improving test suites, maintaining backwards compatibility, and addressing security concerns underscores our commitment to delivering a robust and user-centric platform.

Roadmap for the Next Few Weeks:

  • Deployment of a testnet version of V3 contracts for comprehensive testing.
  • Finalizing the remaining security fixes and updating the audit repository.
  • Ongoing efforts to ensure backwards compatibility and seamless integration of front-end functionalities.
  • Continued focus on enhancing overall platform security and user experience.

We remain dedicated to innovation, security, and excellence as we work towards creating a leading platform in the decentralized finance (DeFi) landscape.

About Algem

Algem is a decentralized application built on the Astar Network and offers two main features: liquid staking and liquid farming. As their names suggest, these two options let ASTR holders keep their assets liquid while putting them to work. Also, the liquid staking and farming 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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