Algebra and Decentralized Exchanges (DEXes) Relying on Hexagate for Enhanced Security

Algebra and Decentralized Exchanges (DEXes) Relying on Hexagate for Enhanced Security

Algebra, a leading provider of liquidity and trading infrastructure for decentralized exchanges (DEXes), has announced a partnership with Hexagate Technologies, a market leader in Web3 threat prevention and risk intelligence. This collaboration aims to bolster the security of Algebra's ecosystem, DEXes, and their end users.

Algebra's business model generates revenue by integrating its Automated Market Maker (AMM) with various DEXes, earning a share of trading fees. With the addition of Hexagate's solutions, Algebra's ecosystem is now better prepared to maintain a secure, compliant, and resilient platform for all users.

Hexagate's offerings include automated mitigation procedures like pausing contracts before funds are lost due to a hack and inline protection against atomic hacks. Their real-time threat detection and proactive protection are now leveraged within Algebra's ecosystem, providing an extra layer of security across its architecture, internal infrastructure, smart contracts, multisig wallets, and treasury and token allocations.

Hexagate offers broad coverage of essential risks and threats for DEXes building on Algebra. This includes protection against novel exploits, ecosystem threat intelligence, protocol-specific invariants, financial & market risks, operational risks, governance risks, compliance, phishing and scams, frontend compromise, and private key theft.

One of the key benefits of this partnership is Hexagate's ability to provide real-time alerts on anomalies, broken invariants, and other suspicious activities. Hexagate's integration with Algebra brings ecosystem-wide monitoring to cover various critical areas.

Algebra's AMM features include Concentrated Liquidity, Dynamic Fees, and On-chain Farming. The latest Integral AMM model from Algebra introduces a modular DEX engine, splitting the monolithic DEX setup into an immutable Core and customizable Plugins for flexible Concentrated Liquidity pools.

Algebra is live on multiple platforms, including QuickSwap (Polygon), Lynex & Horizon (Linea), Camelot (Arbitrum), THENA (BNB), Hercules (Metis), Kim (Mode), Fenix & BladeSwap (Blast), Swapsicle (Telos & Mantle), and over 20 DEXes across various Layer 2 solutions.

With a cumulative trading volume of over $75 billion and up to $200 million TVL, Algebra's commitment to security and efficiency is crucial. As the heart of every DEX adopting its model, ensuring top-tier security and efficiency is paramount for Algebra.

This partnership with Hexagate further cements Algebra's position as a leading trading and liquidity infrastructure, with over 30 DEXs running on its CLAMM. The collaboration promises to deliver a more secure, efficient, and user-friendly experience for all participants in the decentralized exchange ecosystem.

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