Overview:

Hello Algem users!

Welcome to our monthly development report, where we share the latest updates from our development team.

TLDR:

Danny improved the LS point system, added safety features to LF vaults, responded to a vault rebalancing issue, and migrated ANP NFT metadata to IPFS. He also began testing a simplified rebalancing system.

Alex fixed a withdrawal bug in LS V2, restructured the main Git repo, improved Sentio’s vault monitoring, and analyzed partner contracts to ensure security.

Danny:

Week of 10.03

Danny continued refining the Liquid Staking point system, focusing on minor improvements such as enhanced log messages and better session-based database handling. These changes significantly improved script efficiency and troubleshooting clarity.

He also reviewed multisig eligibility for critical roles and added a maximum deposit amount to all Liquid Farming vaults—a precautionary feature for managing pool balance and risk.

Week of 17.03

An issue emerged with the vault rebalancing system, where fork testing failed to properly simulate low-liquidity pairs. This led to a surplus of unused liquidity. Danny applied a quick fix involving a premade swap with adjustments based on pool fees. He also researched alternative long-term solutions, which will require team alignment.

Additionally, Danny initiated a rescue operation for the Algemantis Nautilus Pass (ANP) metadata. Thanks to an admin function for updating baseURI, he migrated the metadata and images to IPFS to prevent future issues.

Week of 24.03

Danny explored various methods for storing ANP metadata, ultimately settling on hosting both images and JSON files on IPFS. After updating the metadata and baseURI, he manually refreshed the caches to ensure proper display on platforms like TofuNFT.

For Liquid Farming vaults, Danny began developing a new, simplified rebalancing system, which is currently being tested on a dedicated environment.

Alex:

Week of 10.03

Alex created user instructions for interacting with Liquid Staking V2 contracts on Soneium. During this time, a bug was discovered that allowed multiple withdrawal attempts. Although only the first attempt would succeed, the bug could cause users to lose gas and CCIP fees. A fix was implemented, and the contract was updated.

He also reorganized the main GitHub repository, consolidating all production-ready contracts into a new algem-contracts folder, and collected updated statistics on Astar Degens stakers.

Week of 17.03

Alex enhanced the Sentio processor to implement an indexer-based monitoring system. This new feature provides real-time alerts when vault prices approach range boundaries, allowing the team to rebalance positions proactively.

He also gathered updated statistics on Liquid Staking V1.5 users to support ongoing tracking and planning.

Week of 24.03

Alex focused on debugging and optimizing the Sentio processor for improved usability and accuracy. In parallel, he analyzed partner contracts used in Liquid Staking V1.5 to ensure their reliability and safeguard Algem users.

Conclusion:

Over the past three weeks, Danny and Alex made key improvements to the stability, monitoring, and user experience across Algem’s systems. Danny’s work on point system enhancements, LF vault balancing, and NFT metadata preservation has strengthened core operations and usability. Alex, meanwhile, focused on smart contract reliability, real-time monitoring with Sentio, and repository maintenance—ensuring the ecosystem remains secure, efficient, and well-documented for both developers and users.

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.