DeFi Project Ammalgam Launches Mainnet

Uk Jin

Summary

It was reported that decentralized finance DeFi protocol Ammalgam has officially launched its mainnet after about a year of development and testing.
Ammalgam said it enhances capital efficiency by introducing a decentralized lending exchange structure that integrates lending, borrowing, trading, and market-making functions into a single on-chain system.
Will Fay, founder of Ammalgam, said the protocol was designed to manage risk based on liquidity that can be executed on-chain.

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Decentralized finance (DeFi) protocol Ammalgam has officially launched its mainnet after about a year of development and testing.

On the 13th (Korea time), The Block reported that Ammalgam had officially launched its mainnet. Ammalgam is notable for introducing a decentralized lending exchange structure that integrates lending, borrowing, trading, and market-making functions into a single on-chain system.

The protocol says this reduces capital fragmentation across the existing DeFi ecosystem and boosts capital efficiency by enabling the same capital to be deployed across multiple strategies. Will Fay, founder of Ammalgam, said, "I have seen many DeFi projects fail due to delays or manipulation in price feeds," adding, "We designed the protocol so it can reduce reliance on signals the system cannot control and manage risk based on liquidity that can actually be executed on-chain."