๐ Discovering #ThenaFi partner! - ALGEBRA $THE
๐What is algebra?
Algebra is a Protocol allowing projects to implement the Concentrated Liquidity tech, along with other groundbreaking features. Algebra helps DEXes acquire higher volume & raise capital efficiency.
๐Is thena the only partner of Algebra?
Obviously no. Algebra Protocol is used by many various projects, but we can say that THENA is one of their biggest partners (currently third place). The protocol is used by Thena, QuickSwap, ZyberSwap, Camelot, StellaSwap, SpiritSwap, Magma, eZKalibur, SynthSwap, Lynex, SwapBased, Hercules.
๐Main cocnept of Algebra
The main concept of the Algebra Protocol is to integrate the concentrated liquidity & adaptive fee mechanics into a DEX. For that, they have a ready-to-use code, consisting of these two breakthrough features โ Concentrated Liquidity & Dynamic, or Volatility-based, Fees.
๐On which blockchain does ALGEBRA work?
ALGEBRA works on many chain such as: polygon, BNB Smart Chain, Arbitrum, Avalanche, Moonbeam, Fantom, DogeChain, Celo, polygon zkEVM, zkSync, Optimism, Kava, PulseChain, ThunderCore, Mantle, telos, Linea, Base. We can say that Algebra operate many chains, and in addition everyting works fine and fast!
๐Sum this up!
After reading this post you should know something about one of the biggest #Thena pratners - ALGEBRA. The way Algebra integrates with Thena is just interesting. Such a great job done by both teams. I hope they will receive a nice reward for they engagement!
