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Development of a Decentralized Automated Market Maker (AMM) Platform on Algorand Blockchain

ulam.io

Financial services

Information technology

Challenges in Enhancing Algorand's DeFi Liquidity and User Engagement

The Algorand ecosystem lacked a robust, user-friendly AMM protocol capable of supporting diverse liquidity solutions, incentivizing user participation, and integrating seamlessly with governance and lending functionalities. Existing solutions were limited to basic asset swaps, hindering DeFi adoption and liquidity efficiency.

About the Client

A decentralized finance (DeFi) platform focused on enhancing liquidity within the Algorand blockchain ecosystem through automated market-making mechanisms.

Objectives for Developing a Robust AMM Solution on Algorand

Design and deploy a decentralized AMM protocol with advanced liquidity mechanisms
Implement features like ZAP for single-asset liquidity addition and a router for optimized swaps
Integrate staking farms, analytics, and lending pools to incentivize user participation
Ensure compatibility with Algorand Foundation governance and multi-wallet support

Core Functionalities and Key Features of the AMM Platform

Automated Market Maker (AMM) with stablepool support
ZAP functionality for single-asset liquidity provision
Router for optimized price impact and fee calculations across multiple pools
Farming modules with token rewards for liquidity providers
Advanced analytics dashboard for liquidity and trading metrics
Integration with Algorand wallets (Pera, My Algo, Fireblocks, etc.)
Lending pools and governance participation via staked assets

Preferred Technologies for AMM Development

Django

Python

VueJS

TypeScript

PyTEAL

TEAL

Google Cloud Platform (GCP)

Required Integrations with Algorand Ecosystem

Algorand Standard Assets (ASA) protocol
Algorand Foundation governance framework
Multi-wallet compatibility (Pera, My Algo, Fireblocks, AlgoSigner, Defly)

Key Non-Functional Requirements

Decentralized asset custody via smart contracts
High-performance transaction processing for instant settlements
Scalable infrastructure to support growing liquidity pools
Enterprise-grade security for smart contracts and user data
Mobile-first interface with intuitive user experience

Expected Impact on Algorand's DeFi Ecosystem and User Base

The AMM platform will significantly enhance liquidity depth and user engagement within Algorand's DeFi ecosystem, enabling efficient trading, incentivized liquidity provision, and governance participation. It will establish Pact as a central hub for DeFi activities, driving adoption through competitive fees, instant settlements, and seamless wallet integrations.