๐ Exciting news! @okxchange, the premier ve(3,3) DEX on the X1, will revolutionize the DeFi landscape with Algebra's Modular-based tech, Integral.
๐ฅ Expect seamless DEX updates sans liquidity migration, reduced gas costs, new functionalities & more, all bundled in the Integral AMM, soon integrated into OKXCHANGE on @X1_Network, the forthcoming L2 @okx network.
Here's the recipe for a perfect ve(3,3) DEX featuring our latest development, Integral V4 ๐งโ๐ณ:
1๏ธโฃ ve(3,3) tokenomics, incentivizing LPs with bribes, empowering token holders & offering traders low slippage
2๏ธโฃ Algebra Integral CLAMM, with unique V4 plugins for enhanced pool functionality
3๏ธโฃ ALM strategies atop Algebra Integral, maintaining liquidity in range
With our Modular Architecture & groundbreaking ve(3,3) tokenomics, this DEX will be a beacon of innovation!
Algebra's approach divides a DEX setup into two components:
๐ซ an immutable core for liquidity & critical functionalities
๐ custom plugins for additional functionalities
With numerous plugins in development, OKXCHANGE & Algebra DEX Engine pave the way for a new era in decentralized exchange technology.
๐ฑ Spring has brought a wave of growth to @CryptoAlgebra!
๐ Here's what's blossoming in our ecosystem:
๐ฐ TVL reaching a blooming $202M
๐ Trading volume's ATH โ $572M
๐งฉ 9 DEX integrations with Integral V4 on the horizon
โ๏ธ New chains: SEI, Blast, X1 & more
๐ฑ 25M+ total transactions
๐ช $32 Billion Cumulative Volume across all DEXes
Stay tuned for more growth & DeFi innovation with Algebra! ๐ธ
๐๏ธ https://t.co/sUloXAU4Jh
๐ฟ We're diving into the Metis blockchain universe with @TheHerculesDEX!
๐ช๐ป Hercules, powered by Algebra CLAMM, is set to revolutionize liquidity provision on @MetisL2 with our DEX engine, ALMs support, custom features & much more.
Explore the future: https://t.co/utLHO3FlkW.
We already have @SwapsicleDEX running on our modular-based Integral CLAMM on Mantle & Telos, with @FenixFinance on Blast, and @okxchange on X1 yet to be launched with our V4 tech. ๐ช
But we also have at least 6 more new integrations to reveal. What are they? ๐ค
Share your thoughts in the replies!
๐ช It's a wrap: ALGB's now available on BNB, with LP & farming opportunities on @ThenaFi_! ๐
๐ ๏ธ Find out how to wrap your ALGB, provide liquidity to the $ALGB / $BNB pair to put your tokens to work via @DefiEdge's ALM & earn extra rewards.
Learn more: https://t.co/eU3PUXyX4O.
Big win and super impressive stats for the solidly chads $AERO and $VELO!
Imagine if 5% of the $2B on the @Blast_L2 bridge finds its way onto @FenixFinance - which already supports the @CryptoAlgebra CLAMM ๐คฏ
$veFNX holders are going to eat!
Weekly Digest #116:
๐ 2 New Integral DEXes: @okxchange on X1 & @FenixFinance on Blast
๐งโ๐พ $ALGB on BNB + Farming on @ThenaFi_
๐ฟ @TheHerculesDEX on Metis to be powered by Algebra CLAMM
๐ Plugins AMA on @BNBCHAIN
๐ช #ALGB BBQ: 1M tokens burn
& more: https://t.co/1J0slb1X9A.
The latest news from Uniswap is certainly positive for token holders. Even without the proposed mechanism, Uniswap was in the lead in terms of capitalization.
Now that Uniswap's proposal to create a fee mechanism that rewards $UNI token holders who have delegated and staked their tokens is going live, those who will suffer are the liquidity providers. They already experience frequent losses, which will increase even more.
This is positive news for @CryptoAlgebra DEX engine - the attractiveness of Uniswap for LPs will decrease, which means that our partnering DEXes built on our CLAMM will potentially gain a larger market share.
@elonmusk You need to become President of the United States. Iโm sure youโll change the vector of politics and after 10 years of hard work weโll fly to colonize Mars. Letโs have fun flying
Algebra Integral V4 has officially joined The March of the Beras on the @berachain testnet! ๐ป
Everything is running smoothly & we're excited to make Bera one of the first chains to adopt our modular AMM technology with hooks/plugins in the market. โ๏ธ
So, any DEX willing to deploy on Bera with our latest V4 tech is welcome. ๐งฉ
The testnet dApp link will be shared a little later for you to try it out!
๐ While Integral is gearing up for deployment by some major DEXes & our collaboration with @brevis_zk is in full swing, there's still plenty of room for independent developers & DeFi projects!
๐ Let's create Plugins with us for decentralized exchanges that are set to integrate our V4 tech!
๐ Explore opportunities at https://t.co/7foqT0N3nu & reach out via the integrated form or here on Twitter!
๐ Let's continue celebrating DEX additions to the Algebra DEX Ecosystem of 2023!
๐ Big shoutout to @LynexFi, the first DEX powered by Algebra AMM on @LineaBuild!
With Algebra's innovative concentrated liquidity technology (i.e., V3 pools), Lynex achieves precise liquidity allocation with custom price ranges, empowering advanced market-making operations for seamless user trading, increased volume, fees & users' capital efficiency. โค๏ธโ๐ฅ
Combine that with Dynamic Fees, Built-in Farming, Tickspacing Adjustment, and more, and you'll have Linea, the native on-chain liquidity marketplace. ๐ฅ
Lynex on Linea prioritizes LPs, minimizing losses while Algebra DEX Engine evolves further for optimal performance, max innovation & loss protection. ๐ช
What is Algebra DEX Engine? ๐ค
๐ค A B2B project for DEXes: providing over 15 decentralized exchanges with top-notch V3 & V4 codebases.
โค๏ธโ๐ฅ Awesome stats: $20+ Billion in Cumulative Volume, with up to $520 Million 24h Trading Volume & up to $180 Million TVL.
๐ฐ Top-tier DEX Protocol: securing the 8th position in the top 10 most forked protocols on DeFiLlama.
โฃ๏ธ Deflationary Ecosystem: distributing 70% of integrated DEX fees by repurchasing & burning $ALGB, reducing circulating supply.
๐ฆ The Uniswap V4 Rival: Algebra Integral's Modular Architecture is now live via Swapsicle on Mantle & Telos, and is soon to be implemented by other huge players.
And much more! Learn more about it at https://t.co/asFyxJUb6Y
Reminder to check out & vote on these 2 live proposals:
1. New Treasury Diversification Proposal for Sushi with @FydeTreasury
https://t.co/qphH6CuStb
2. Discourse [RFC] Algebra x Sushi: Bringing @CryptoAlgebra Integral (V4) to Sushi
https://t.co/7ATJSK0cdc
Vote now!