Overview:

Hello Algem users!

Welcome to our bi-weekly development report, where we share the latest updates from our development team. Over the past two weeks, Danny and Alex have been working on improving the usability, efficiency, and cross-chain capabilities of Algem’s core functionalities. Here’s what they’ve accomplished.

TLDR:

Danny focused on revamping and debugging the V2 contracts, creating dedicated integrations for Kyo and Sonus to align them with the V3 flow, as well as ensuring compatibility with partner dApps. Integration testing and debugging for BladeSwap-based liquidity pools and Liquid Farming functionality were also completed.

Alex successfully launched the Liquid Loan, prepared deployment documentation for future use, and refined LiquidStakingV2 for cross-chain functionality. He submitted the LS V2 contracts for auditing, tested them under production-like conditions on Shibuya/Minato, and provided detailed documentation to support UI integration.

Danny:

Week 1 (02.12)

This week, Danny focused entirely on revamping the V2 contracts. Following generic testing and selecting partner dApps, dedicated contracts were developed for Kyo and Sonus. Scripts and tests were added to ensure seamless functionality, also to align with the V3 flow, events and front-end functions were reworked, and proper interfaces were implemented for each dApp to standardize their integration.

Week 2 (09.12)

The primary focus of the week was debugging V2 contracts, particularly those related to Kyo, which use BladeSwap-type liquidity pools. Integration testing was also conducted for the updated Kyo contracts and the Sonex ETH/ASTR pool, ensuring compatibility with Liquid Farming. Additionally, debugging of Sonus V2 Liquid Farming contracts was completed.

Alex:

Week 1 (02.12)

Alex started the week by preparing for the launch of Liquid Loan. This included verifying the functionality of all associated contracts and transferring administrative rights to a multisig wallet. The launch took place successfully on Monday evening.
Additionally, Alex prepared a deployment sequence document, detailing all essential steps to ensure smooth future deployments.

Meanwhile, testing of the cross-chain functionality for LiquidStakingV2 on the Minato/Sepolia networks continued, during which several issues were identified and resolved.

Week 2 (09.12)

At the beginning of the week, Alex submitted the LiquidStakingV2 contracts for auditing. Before submission, final revisions were made, including adding detailed comments and documentation outlining the protocol’s core principles.

The contracts were deployed on the Shibuya and Minato networks to simulate production-like conditions. Testing included cross-network transfers of XNASTR and WSBY tokens, as well as the configuration and registration of CCIP pools for the XNASTR token in the Chainlink system. Cross-chain calls were tested, and contracts were verified for functionality. Additionally, Alex completed a detailed questionnaire to assist the team with UI integration.

Conclusion:

The past two weeks have been focused on advancing the functionality and reliability of V2 contracts and LiquidStakingV2. Danny’s work on developing and debugging dedicated contracts for partner dApps has enhanced the flexibility and scalability of V2. Meanwhile, Alex’s efforts on launching LiquidLoan, refining LiquidStakingV2, and preparing for audits have ensured robust cross-chain functionality and readiness for production. These improvements mark significant progress in the project’s technical and operational development.

As always, thank you for your support, and we’re excited to bring you more updates in the coming weeks!

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.