Overview:
Hello Algem users!
Welcome to our bi-weekly development report, where we share the latest updates from our development team.
TLDR:
Danny finalized LF for Soneium, improved ALGM incentive emissions, optimized liquidation scripts, and enhanced the Liquid Staking points system. Alex handled LSv2 period transitions, deployed the xnASTR bridge, resolved CCIP transaction errors, introduced Sentio monitoring for vaults, and implemented a temporary fix for the Sio2 Adapter.
Danny:
Week of 17.02
Danny spent the week conducting a thorough review of every component to finalize preparations for the Liquid Farming (LF) launch on Soneium. He ran extensive tests in a forked Soneium environment using partner dApp contracts. While some differences from Minato pools were identified, they did not impact the core Liquid Farming logic.
Week of 24.02
The focus shifted to improving the Liquid Farming workflow. Danny worked on automating the process of adding new vaults and configuring ALGM incentive emissions. Additionally, he tested the points and liquidation scripts to ensure they aligned with the LF deployment on Soneium.
Week of 03.03
Further refinements were made to support the Liquid Farming launch. Danny added new getter functions needed for alerts and front-end integrations. He also conducted another round of access control reviews to determine which roles should be protected by a multi-sig wallet and which could be managed by a standard address.
A backend issue affecting the points system, where two services running on the same address caused 404 errors instead of returning user data, was fixed. Additionally, major improvements were made to the Liquid Staking point system, particularly in tracking liquidity contributions to large partner pools and rewarding users accordingly.
Alex:
Week of 17.02
Alex worked on handling Astar period changes, ensuring that claim staking and bonus rewards were correctly processed before restaking. A bridge for xnASTR transfers between Astar and Soneium was designed and deployed, making it easier for users to move tokens between networks.
During the period switch in LiquidStakingV2, a minor bug was identified and fixed on the same day. Additionally, statistics were collected on the balances of users staking in Astar Degens.
Week of 24.02
Alex investigated user complaints regarding Sio2Adapter and discovered that rewards could not be claimed due to an issue on the Sio2 side. The Sio2 team acknowledged the problem and committed to resolving it.
Meanwhile, ALGM and ALGMVesting contracts were deployed and configured on Astar and Soneium. During LiquidStakingV2 operations, errors in CCIP transaction transmissions were detected and resolved after analysis, with failed transactions being manually completed.
Finally, statistics on LiquidStakingV1.5 users were gathered to facilitate an upcoming token airdrop.
Week of 03.03
Alex focused on improving transaction tracking for Liquid Farming vaults using the Sentio platform. The Sentio processor was updated to monitor deposit() and redeem() events across three vaults, as well as detect vault position movements that could fall out of range.
Since the Sio2 team was delayed in fixing the reward claim issue, Alex implemented a temporary fix that bypasses calls to the IncentiveController. While this means Sio2 rewards won’t be claimable, all other functionality remains intact.
Additionally, targeted transaction verifications were conducted on LiquidStakingV2 to ensure accuracy and consistency.
Conclusion:
The past three weeks have been dedicated to refining Liquid Farming, strengthening monitoring tools, and enhancing Liquid Staking functionalities. Danny’s work on finalizing LF on Soneium, improving incentive emissions, and optimizing the points system has made Liquid Farming more efficient and transparent. Alex’s contributions in debugging LiquidStakingV2, implementing monitoring tools, and maintaining protocol stability have ensured smooth operations and security across multiple networks.
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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