ALGB Liquidity Withdrawn and Converted for Partial Compensation

🚨 ALGB liquidity drama unfolds

By Algebra
Oct 15, 2024, 9:39 PM
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Key Updates:

  • $ALGB liquidity fully withdrawn and converted to $ETH & $BNB
  • Funds to be used for partial compensation of locked tokens on CamelotDEX & ThenaFi
  • Users with LP positions on these DEXes should contact Pata via Telegram

Action Required: If you had ALGB tokens in an LP on CamelotDEX or ThenaFi, please:

1.​ DM Pata on Telegram: http://t.​me/Lifopam 2.​ Ensure your tokens are counted in the October 15th snapshot

Stay informed for further updates on the compensation process.​

Sources
Read more about Algebra

Algebra DEXs Outperform Major Protocols in Capital Efficiency

**Capital Efficiency Breakthrough** Algebra-powered DEXs are demonstrating significant efficiency gains over established protocols. Over 30 days, Blackhole CLMM generated 4.86% fees per $1 TVL, while nest CL achieved 2.85%β€”both outperforming Uniswap V3's 2.41%. Curve, Balancer, PancakeSwap, and SushiSwap all registered under 0.35%. **Key Developments** - **nest Case Study**: Reached $10M TVL in 14 days on HyperEVM, processing $1.784B volume and generating $1.85M in fees using Algebra Integral - **Data Infrastructure Report**: SQD and Algebra released analysis of DEX data architecture across QuickSwap, Hydrex, nest, and Blackhole - **Uniswap's CCA Model**: Algebra published breakdown of Continuous Clearing Auctions on Robinhood, noting Algebra Integral can power similar models Algebra's concentrated liquidity engine continues powering 100+ DEXs across EVM chains, with the infrastructure enabling higher capital utilization compared to traditional AMM designs. [Read full report](https://blog.algebra.finance/dex-data-infrastructure-sqd-algebra-report)

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Algebra Powers $200B+ Trading Volume Across 10+ Chains

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Algebra Launches Access List Plugin for KYC-Compliant DEX Operations

Algebra Launches Access List Plugin for KYC-Compliant DEX Operations

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🀝 Tempo Mainnet Launches with Algebra Integration

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