Urgent Algem Community Announcement:
We regret to inform you of this unfortunate news but will be closing Algem as It is no longer possible to continue maintaining the project.
π Please refer to this article ASAP on necessary steps to take moving forward: https://t.co/KGLCjr87h3
π£οΈ Please withdraw your funds from all Algem products. The UI will work until Dec 31 2026.
And with our heartfelt thanks comes...
Our appreciation to all users who took part in the multitude of events and gamedays our CM Gianluca hosted. You made Algem and we recognised and rewarded loyal members as much as we could.
A final note on the TGE scenario: Originally plans we're outlined for this but with various changes along the way, the feasibility continued to decrease. We continued to explore possibilities but it became increasingly unrealistic to ensure community or project safety was not compromised.
Thank you to each and everyone of you for being part of Algem and helping to Transform Finance and Redefine Freedom. π
The Algem Team
A new @astarnetwork Voting period begins today! π
If you've already staked ASTR before on Algem, tokens will automatically be restaked. You're all set, there's nothing else you need to do.
Staking rewards are distributed after the end of the voting period in 11 days time. No rewards for any dApps are calculated during this time until the next period, Build and Earn begins.
Another Staking period is fast approaching to get underway at the end of the Voting period.
Transforming Finance, Redefining Freedom
GM GM Algemians, we're keeping the week going strong, are you?! π
We're pleased to highlight these new UI updates on Liquid Farming:
1οΈβ£ A new column has been added on the vault homepage that now clearly lists the APR for each pair.
2οΈβ£ An automatic script has been added for each vault, meaning you're accrued rewards should refresh and always be visible when in a position.
π Check out the updates and pick your new vault here: https://t.co/XGbwxYIsHk
Please Note: If some vaults have no APR listed, this means that 1 or more pools in that vault pair have expired and it's time to move liquidity to a new vault.
We hope you like these tweaks that help to improve the user experience we aim to offer you.
Transforming Finance, Redefining Freedom.
LS V1.5 (nASTR) as well as Sio2 integrations are halting! π«
To keep enjoying Algem Liquid Staking, unstake and switch to Algem Liquid Staking V2, powered by @AstarNetwork and Soneium.
π Unstake from V1.5 now: https://t.co/DaDRlOsnj9
π Close nASTR positions on V1.5: https://t.co/1IvbmetWDu
β Then: Re-stake on Algem V2 for reward bearing xnASTR: https://t.co/f62AcVZJ06
Unstake time on Astar Network takes 10-12 days or choose 'Unstake immediately' to get funds instantly with only a 1% fee.
Shift your nASTR liquidity from all V1.5 partners to V2 ASAP to continue gaining access to Algem's Liquid Staking product!
Transforming Finance, Redefining Freedom.
The final snapshot results and post contest Super prize is here! π₯
Kyo took the win this week for the ETH / pufETH pool, clawing one back from Sonex. All depositors in that pool get week 4 rewards, well done.
Find all the rewards listed in this spreadsheet: https://t.co/a7t8Cz6Y1T
Don't forget the Super Prize Algemians. The winner of the whole battle was Sonex. All LPs from Sonex Vaults receive a share of the 20,000 grand prize and all contest rewards have now been distributed! π₯
Final Note: Got liquidity on Liquid Farming?
The ETH / wstETH, yayAgETH, yaySTONE, and (expired) pufETH vault timers have reached zero. This means you no longer earn rewards. Withdraw and deposit into active vaults to start earning again.
Transforming Finance, Redefining Freedom.
Algem Vault Battles has now finished! β
Well done to every Algemian that participated. We hope you surfed waves, enjoyed the fierce battle and got to witness @sonex_so take the final win.
π Liquid Farming on Algem doesn't end there. Keep earning even now after the contest is over by heading to: https://t.co/XGbwxYIsHk
You'll grow rewards by earning Farming fees and receive lfETH which lets you stay liquid across the DeFi universe!
Transforming Finance, Redefining Freedom.
ETH / wstETH, yayAgETH, yaySTONE, and (expired) pufETH Farming vaults have officially closed and funds can be redeemed: π
1. Visit your chosen vault.
2. Claim any pending rewards.
3. Hover over 'Pool Information.'
4. Hit 'Redeem Deposit' in the popup.
5. lfETH tokens in your wallet are burned upon redemption.
New pools keep you growing, racking up Farming Fees and unlocking lfETH for your DeFi goals! π
Transforming Finance, Redefining Freedom.
Catch the last wave of Vault Battles in the final week and ride it to big rewards! πββοΈ
Dive into the Kyo or Sonex ETH/pufETH pool and get:
1. Share of the round 4's prize pool
2. Even bigger prize pool after this round
3. Liquid lfETH token
4. Platform Farming perks
β Liquid Farming with Sonex: https://t.co/F5lzexzKU9
β Unlock Liquid Farming with Kyo: https://t.co/4GdcR0W2dh
Seize this opportunity to boost your rewards, stay liquid and claim your share of the contest spoils from the winning vault! π
Transforming Finance, Redefining Freedom.
Algem V1.5 Liquid Staking with nASTR is closing but to continue using Algem, carry out these quick steps: β¬οΈ
β’ Unstake as soon as possible: https://t.co/DaDRlOsnj9
β’ Restake on Algem V2 and receive xnASTR: https://t.co/f62AcVZJ06
Unstaking takes 10-12 days as per standard Astar Network unstaking times. Alternatively, you can choose to 'Unstake immediately' and pay a 1% fee to receive funds instantly.
Please remove your nASTR liquidity as soon as possible from V1.5 and thank you for choosing to use Algem Liquid Staking.
Transforming Finance, Redefining Freedom.
Week 3's ETH/WBTC Vault Battle Snapshot results are in...
Sonex secured the win, making it three for three. All depositors in that pool bagged rewards, well done. π
Check the spreadsheet to see yours: https://t.co/a7t8Cz6Y1T
This week concludes with the final round and ETH/pufETH vaults. Will @sonex_so achieve the highest TVL to win, or will @kyofinance stop them?
Catch you next week for the grand finale. Time to hit the Battlefield and crown your vault champion, Algemians! πͺ
Transforming Finance, Redefining Freedom.
Kicking off the FINAL week of Vault Battles with ETH / pufETH in round 4! π―
The last round has arrived Algemians! Surf the liquidity wave and witness @sonex_so and @kyofinance battle it out for the final TVL countdown. β
Deposit in the winning pool and gain:
1. A share of 10,000 ASTR for top pool winners
2. 20,000 ASTR bonus after this round
3. Liquid lfETH token
4. Platform Farming rewards
β’ Liquid Farming with Sonex vault: https://t.co/F5lzexzKU9
β’ Liquid Farming with Kyo vault: https://t.co/4GdcR0W2dh
Join the last opportunity to grow rewards, stay liquid and battle big with contest prizes - The final begins now! π
Transforming Finance, Redefining Freedom.
IMPORTANT ANNOUNCEMENT for Algem nASTR users! π
V1.5 Liquid Staking at: https://t.co/DaDRlOsnj9 will be discontinued and help for V2 users will be prioritised moving forward.
To continue using Algem: β¬οΈ
β’ Unstake as soon as possible from: https://t.co/DaDRlOsnj9
β’ Restake on Algem V2 and get auto compounding xnASTR: https://t.co/f62AcVZJ06
Note: Unstaking time is 10-12 days as per standard Astar Network unstaking times. Alternatively, you can choose to 'Unstake immediately' and pay a 1% fee to receive funds instantly.
Thank you for using Algem for Liquid Staking and Liquid Farming. π
Transforming Finance, Redefining Freedom.
Attention Algem Liquid Farmers! π
The ETH / wstETH, yayAgETH, yaySTONE and pufETH Farming vaults have expired. Withdraw your funds from these expired pools, swap assets and dive into new vaults with ease.
How to remove liquidity: π
1. Visit the vault where you added liquidity.
2. Claim all your pending rewards.
3. Hover over 'Pool Information.'
4. Click 'Redeem Deposit' in the popup window.
5. Liquid lfETH tokens in your wallet get burned after redemption
Master Liquid Farming with this guide:
https://t.co/HhEwa8v9vr
Thank you for choosing Algem Liquid Farming. Farm on AMM pools, earn Farming Fees and unlock lfETH for your next DeFi adventure! π
Transforming Finance, Redefining Freedom.
The snapshot results from Week 2's ETH USDC.e Vault Battle are in... π₯
Sonex secured the win this week again, making it two for two.
All participants, no matter the deposit get rewarded, congrats for bagging ASTR.
Here's the reward spreadsheet: π https://t.co/a7t8Cz6Y1T
This week the ETH / WBTC vault takes the spotlight. Will @sonex_so keep their top spot or will @kyofinance grab the draw? There's still time!
See you next week for the new results. Now, get to the Battlefield and pick your vault Algemians. πͺ
Transforming Finance, Redefining Freedom
Kicking off Week 3 Vault Battles with a bang and ETH / WBTC! π―
Still havenβt joined? Timeβs ticking, with just 2 weeks left! Dive into the third round and witness @sonex_so and @kyofinance clash for the top TVL crown.
To be in it to win it just deposit in the winning pool and you'll gain a share of everything on offer:
β’ 10,000 ASTR weekly for top pool LPs
β’ 20,000 ASTR bonus post-contest
β’ Fresh pairings every week for 4 weeks
β’ Liquid lfETH token
β’ Platform farming rewards
β‘οΈ Battle it out on Liquid Farming: https://t.co/XGbwxYIsHk
Grow your rewards while staying liquid and score big with new prizes - the battle for the Highest TVL in Week 3 is on! πͺ
Transforming Finance, Redefining Freedom.
Week 2 of Vault Battles and ETH/USDC.e is nearing it's final days... π¨
With Algem Liquid Farming, you stay liquid by receiving lfETH when farming on AMM pools, earn farming fees plus new weekly battle rewards!
βΌ Last days await to get involved in the Sonex vault:
https://t.co/FMzBdqul8K
βΌ Last days await to get involved in the Kyo vault:
https://t.co/fVplarYc4g
Existing Sonex and Kyo users (from June 1st) got airdropped an exclusive NFT from Algem to give bonus incentives in the vaults. Helping you squeeze even more rewards out!
Vault Snapshots take place weekly and winning LPs are announced the following week. Join now to be included in the snapshot and good luck Algemians! π«‘
Transforming Finance, Redefining Freedom.