Welcome back to another Weekly Report! It’s Friday, and that means that it’s time to look back at the results of the past week. In this article: the Staking 2.0 release, staking guides, the new integration hint, and more. Watch closely!
Development
1. The Long-Awaited Staking 2.0 Release!
It’s finally here! Our brand-new loyalty program, allowing all ALGB holders to get part of all dev fees, generated in the frame of our DEX integrations, has finally been released, and we couldn’t be happier about it. With the new launch, there are some updates on the staking mechanics.
Make sure to read our Medium article to be aware of every detail changed. Also, if you already have your tokens staked in our earlier staking program, make sure to migrate them in just a few clicks before November 1st. Learn how in this Weekly Report below.
2. Landing Updates
Our landing page looks stunning, don’t you think so? We’ve completed all the improvements we planned for now. Take a look at a refreshed version of our website, algebra.finance!
3. StellaSwap ‘Pulsar’ Building Process
The development process of StellaSwap ‘Pulsar’ is in full swing! At the moment, both StellaSwap and Algebra dev teams are busy integrating our codebase in the most efficient way possible. Liquidity-adding mechanics, as well as the Infinite Farming feature, are complex, just like any other technology we provide, and it takes quite a lot of time and effort.
Together, we create outstanding solutions for DeFi and Web3!
Marketing
1. New DEX Integration is Arriving Later This Year
Algebra Team is cooking up something special for you all once again! We cannot disclose any information yet, but you’ll definitely love it. Stay in the loop with our social media so as not to miss out on any detail revealed.
2. Fees Payment Update
Dear Algebraists! Keep in mind that currently, only fees obtained from the QuickSwap V3 on Dogechain are available on Algebra. The fees’ payment for the Polygon-based QuickSwap V3 is expected to begin in November. We’ll keep you updated!
3. Staking Participation Guides
It might seem to be hard when it comes to entering the new loyalty program on Algebra Protocol, but it’s really not!
Follow the instructions below if you are willing to transfer your already staked ALGB tokens from our older staking program to the new one, or just want to enter Staking 2.0 with the newly-obtained tokens.
How to migrate your $ALGB?
1. Visit https://staking.algebra.finance/
2. Click “Approve xALGB”
3. Confirm a transaction
4. Select a lock-up period
5. Click “Stake”
6. Confirm a transaction in Metamask once again
7. Congrats! Your crypto has been transferred to Staking 2.0 🎉
How to join Staking 2.0?
1. Visit https://staking.algebra.finance/
2. Enter an amount of $ALGB you’d like to be staked
3. Select a lock-up period
4. Click “Approve ALGB”
5. Confirm a transaction in Metamask
6. Click “Stake”
7. Approve your transaction
8. Your $ALGB has been staked 🎉
About Algebra
Algebra is a breakthrough AMM, and a concentrated liquidity protocol for decentralized exchanges, running on adaptive fees. Providing projects with more user-friendly, fresh DeFi solutions and implementing the most efficient technologies, it reforms the DeFi field as we know it.
