Algebra Weekly Report №33: 07/08

Algebra
3 min readJul 8, 2022

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Friday on Algebra is a perfect time to conclude this week’s results — time for our 33rd Weekly Report. Learn about what was going on during that week in this very article, now! Let’s dive into it.

Development

1. Audit Improvements

Our multi-stage code audit showed excellent results. However, in reality, there is no such thing as perfection, and flaws are always present. So while the process of improving Algebra smart contracts is going on, you can prepare for the release of a report containing all the results of the audit, as well as the disclosure of the security consulting company’s name.

All in all, we have significantly redesigned our farming feature to make it more reliable and faster. More than 300 improvements, including naming, structure, and more, have been implemented lately. Testing of the new version has now begun. Last but not least, we’ve started working on rebase tokens support. You’ll get more details as soon as possible — stay in the loop!

2. The Peripheral Contracts Updates

The peripheral contracts have also undergone major updates. For example, we are now actively working on the creation of the pictures for our NFT positions. Soon, you’ll be able to create a position and have a unique pic as proof of your position ownership.

3. Integration Preparations

We are also actively working on getting ready for the final steps in the QuickSwap integration. Algebra Team makes sure to eliminate every single flaw of the platform in order for our users, as well as the community of Dragonites, to use it in a hassle-free way.

Marketing

1. The ALGB Token is Now Whitelisted on QuickSwap

We are honored to announce that our platform token — ALGB — is whitelisted on QuiskSwap as a default token. Find it now in QuickSwap’s default token list at https://quickswap.exchange/#/swap.

2. The Polygon Village AMA Was Successfully Launched

Last Wednesday we participated in the AMA hosted by the one and only Polygon DAO with Radian Protocol and LiquiFi! Shout out to everyone who joined us to discuss the topic of “Token Fundraising and Paying Employees with Tokens”, as well as the future of DeFi, the most innovative Polygon-based platforms, and more. That was exciting! Get ready for us to come out with even more exciting events next time.

3. More Activities are Yet to Come

The celebration of the long-awaited QuickSwap V3 integration has just begun — now we’re planning a grand campaign for your enjoyment! Both Algebra and QuickSwap teams could not leave it this way, and that is why some awesome events are yet to take place. Guess what it will be? You’ll soon find out! The next point has a little hint…

4. The Joint QuickSwap AMA is Coming

That’s right — we are planning to launch an AMA soon, collaboratively with QuickSwap! Start your engines, and prepare some questions in order to find out everything about this exciting integration. More details are coming next week.

Thus and thus, these are the main highlights of Algebra. As time goes by quickly, we are already thinking about how to go even further with our innovative technologies with the goal to change the DeFi sphere. You’ll hear more about our plans soon. Stay in the loop!

For now, follow us on social media:

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Algebra

Algebra is a breakthrough AMM, and a concentrated liquidity protocol for decentralized exchanges, running on adaptive fees.