Overview:

Hello Algem users!

Welcome to our bi-weekly development report, where we share the latest updates from our development team. 

TLDR:

Danny added Sonex support for Liquid Farming and refined the liquidation/point scripts for better reliability. Alex finalized and deployed LiquidStakingV2 contracts on Soneium and Astar, completing CCIP configuration for cross-chain functionality.

Danny:

Week of 06.01

Danny focused on adding support for the Sonex dApp, ensuring all necessary scripts and files are in place to officially integrate it with Liquid Farming. Additionally, he refined the liquidation and point system scripts to enhance reliability and transparency, improving the overall user experience.

Alex:

Week of 06.01

Alex completed the final testing phase for the LiquidStakingV2 contracts, addressing several weaknesses identified in the code. The fixes were submitted to auditors for verification. After receiving approval, the contracts were successfully deployed on Soneium and Astar Network and the CCIP configuration was finalized.

Conclusion:

The past week saw significant advancements in both system functionality and cross-network integration. Danny’s work on Sonex to support and refine critical scripts strengthened Liquid Farming operations. Alex’s efforts in finalizing and deploying LiquidStakingV2 contracts marked a major milestone, ensuring robust cross-chain functionality on Soneium and Astar Network.

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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