Unified lending-trading DeFi protocol Ammalgam launches on mainnet with strategy Vaults
DeFi protocol Ammalgam has launched on mainnet, merging lending, borrowing, and trading to improve capital efficiency and reduce risk.Summary
Ammalgam, a next-generation DeFi protocol, has launched on mainnet after a year of development. It aims to unify lending, borrowing, and market-making into a single onchain system, dubbed a Decentralized Lending Exchange (DLEX), to optimize capital reuse and reduce fragmentation. The protocol distinguishes itself by operating without external price oracles, relying instead on onchain executable liquidity to manage pricing and risk, mitigating vulnerabilities associated with oracle manipulation. Alongside the launch, Ammalgam is introducing Vaults – managed, onchain strategy products built using Lagoon Finance's infrastructure – offering users passive exposure to advanced DeFi strategies. These Vaults allow users to deposit assets in exchange for share tokens, with strategies initially potentially utilizing third-party vaults before transitioning to Ammalgam-native pools. Security reviews were conducted by OxMacro, ChainSecurity, Spearbit, and Cantina.
(Source：The Block)