Overview:

Hello Algem users!

Welcome to our bi-weekly development report at Algem! We aim to keep our users informed about the latest updates and improvements in our projects. Our developers, Danny and Alex, have been diligently working to enhance the Liquid Farming and Liquid Staking projects. Here’s a detailed overview of their recent activities.

TLDR:

Over the past two weeks, Danny focused on testing and refining the new vault logic, tackling challenges related to swap operations, and developing a secure point system REST API. Meanwhile, Alex concentrated on integrating omnichain functionality for Liquid Staking, implementing CCIP technology for cross-network staking, plus improving internal automation processes.

Smart Contracts Progress

Liquid Farming Development – Danny:

In the first week, Danny dedicated his efforts to ensuring that the latest updates to our vault logic were robust and error-free. These updates included direct liquidity pool access and enhanced rebalance mechanics, which required meticulous testing to confirm that all balances were accurate at each stage. One of the most challenging aspects was the difference in how UniswapV3 pools and the SwapRouter handle data, specifically the discrepancy between uint256 values and signed integers. This difference necessitated additional handling to avoid any overflow issues during swaps, which Danny successfully implemented.

During the second week, Danny continued his focus on testing, this time with live vault tests to ensure the updated contracts functioned smoothly in a real-world environment. Additionally, he developed a secure REST API for the point system, which is crucial for off-chain operations. This API allows for safer data access without direct database interaction, paving the way for more secure and efficient point system management. With these updates, Danny also ensured that the new contracts were deployed and ready for front-end testing, bringing us one step closer to a seamless user experience.

Liquid dApp Staking and Liquid Crowdloan Development – Alex:

Alex began his first week by working on integrating omnichain functionality into Liquid Staking V2 contracts, which is a step forward for enabling staking across multiple networks. He added and tested logic for interaction with the LayerZero Endpoint, which is essential for future cross-network operations. Additionally, Alex gathered vital information on Astar’s architecture and initiated research into incorporating Chainlink CCIP (Cross-Chain Interoperability Protocol) technology into our systems.

In the second week, Alex continued his work on CCIP integration, creating and testing contracts on two separate test networks. These contracts will enable the transfer of tokens and calls between different networks, which is crucial for the future of cross-network staking. Alongside this, Alex also focused on improving the stability of internal automation processes, ensuring that our systems remain robust and reliable as we expand our network capabilities.

Conclusion:

Over the past two weeks, good progress has been made in refining and preparing key components of the Algem platform for deployment. Danny’s work on testing and refining the vault logic ensures a smoother user experience, while Alex’s efforts in integrating omnichain functionality and CCIP technology are laying the groundwork for future expansions across different networks.

We look forward to sharing more updates as these developments continue to unfold.

Thank you for your ongoing support!

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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