Algebra DEX Engine has preserved and streamlined the concept of concentrated liquidity with the unmatchable functionality. Now, we're presenting Integral, the codebase inspired by Uniswap V4.
Powered by Algebra, the already integrated decentralized exchanges add up some diversity to the DEX landscape, increasing competitiveness in the market and giving users the chance to choose what is the best match for them.
Algebra Protocol, a well-established DEX engine utilized by 25 DEXes, has taken a significant leap forward by introducing 'Integral' Modular Architecture. This innovation empowers DEXes to compete with Uniswap V4, enhancing gas cost efficiency, and streamlining the update process. The breakthrough technology was unveiled on October 17th through Swapsicle DEX on the Mantle Blockchain.
TR;DL
Algebra 'Integral' offers enhanced flexibility as a DEX engine, optimizing gas costs and functionality. Its modular architecture allows effortless addition or removal of modules, reducing gas costs by up to 20% on average and facilitating plugin updates without disruption. This approach expands the functionality of decentralized exchanges for a more competitive trading experience.
By moving secondary functionalities into plugins, the core of the protocol is streamlined, improving security and overall safety for participants' assets and transactions.
Plugins. Interaction between Liquidity Pools and Plugins.
In brief, a Plugin is a smart contract that enhances a Pool's functionality. Currently, each Pool can have only one Plugin initialized, but it can be disconnected or replaced. There's also the potential for multiple plugins to connect to a Pool through a Proxy Plugin in the future.
What a Plugin can do: execute actions on the blockchain, alter pool fees, perform additional checks, etc.
What a Plugin cannot do: directly take someone's liquidity or tokens, or change the mathematical calculations.
Plugins communicate with Pools through Calls, which are program requests that Pools can make to a Plugin before or after specific key events.
In other words, by providing DEXes with a lean core that consists only of the main features & avoids additional features placed into plugins, ‘Integral’ significantly reduces gas expenses and increases overall efficiency & security.
That's all you need to know for now!
Key Highlights of 'Integral':
After fulfilling essential security procedures, such as audits, voting, and liquidity withdrawal, we can now enhance DEX functionality with new plugins without requiring liquidity migration. The core, responsible for managing liquidity pools and core mechanics, remains unaltered. This approach balances security and functionality effectively.
More DEXes, already fueled by Algebra, are yet to implement the Integral V4 codebase into their platforms.
With 25 DEXes already embracing Algebra DEX Engine, including Camelot on Arbitrum, THENA on BNB, QuickSwap on Polygon, StellaSwap on Polkadot, Swapbased on Base, Lynex on Linea and even more, the adoption of 'Integral' is expected to grow, ushering in a new era of decentralized trading. 'Integral' addresses liquidity fragmentation, reduces gas costs, and provides flexible plugin capabilities, reshaping the DEX landscape.