Overview:

Hello Algem users!

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

TLDR:

Danny created a test environment to simulate rebalancing, resolved contract size/gas issues, implemented a quoter strategy, and finalized logic that adjusts tick ranges on deposits efficiently.

Alex launched the Booster NFT contract, verified that upcoming Astar changes don’t affect LS, and continued user support and monitoring with updated staking statistics.

Danny:

Week of 31.03

Danny focused on building and refining the new vault rebalancing logic. A test environment was created using a generic Uniswap V3 pool with controlled pricing, allowing simulations under different market conditions. This setup enabled extensive testing of amount calculations to ensure the logic handled edge cases correctly. Additionally, the final update for Algemantis Nautilus Pass (ANP) metadata was completed and successfully deployed.

Week of 07.04

Work continued on the rebalancing system. As the vault contract approached Solidity’s size and stack limits, Danny researched alternative implementations to stay within constraints. To reduce gas usage, he proposed using a separate quoter contract for calculations. To ensure security, he also began working on a verification mechanism to prevent malicious rebalancing attempts that could shift the vault out of range.

Week of 14.04

Danny further debugged and optimized the vault rebalancing logic. He implemented a lightweight tick calculation function to reduce gas usage during deposits. With enhancements to the getInputAmounts function, it became feasible to include it directly within the vault contract. This streamlined user experience: users can now calculate input amounts via frontend or contract call, and the vault will use those to determine tick boundaries and trigger a rebalance if needed. All changes were connected to the test suite to ensure compatibility with audit requirements.

Alex:

Week of 31.03

Alex deployed the Algem Liquid Farming Booster NFT contract on Soneium. A one-time mint was conducted for each eligible user from a predefined list. In parallel, he gathered user data for the Sio2 Adapter upon request.

Week of 07.04

Alex analyzed an upcoming Astar update and confirmed that it wouldn’t affect the LiquidStaking mechanics. The update involves reducing rewards to limit ASTR inflation. Since Algem only claims available rewards without managing base reward logic, no changes were required on the contract side.

Week of 14.04

Alex collected monthly statistics for Astar Degens stakers and provided support for user issues. One user experienced a delay with the withdraw() function in the LiquidStakingLayer2 contract on Soneium due to a lag in the state update from Astar. The issue resolved itself shortly afterward, and the user was able to withdraw successfully.

Conclusion:

The past three weeks were focused on developing a robust vault rebalancing system and enhancing user engagement through new NFT features and improved support. Danny made major progress on optimizing and testing rebalancing logic, ensuring gas efficiency, security, and audit compliance. Alex ensured system stability amid protocol updates, deployed a booster NFT system, and maintained strong user support through ongoing monitoring and statistics collection.

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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