The Algebra ecosystem is leveling up its security game by partnering with Hexagate, the market leader in Web3 threat prevention and risk intelligence. This collaboration brings proactive, real-time monitoring to detect and mitigate suspicious activities and potential attacks before they can cause harm to every DEX in the Algebra ecosystem.
Hexagate’s advanced technology will soon integrate with Algebra to monitor and prevent potential risks. This includes everything from oracle deviations and cyber exploits to vulnerabilities in third-party dependencies and protocol-specific invariants. With Hexagate’s powerful security platform, threats are identified, allowing for automated responses, such as pausing onchain operations to prevent further impact and also mitigating atomic hacks.
What This Partnership Means for Algebra’s Security
Hexagate’s integration brings ecosystem-wide monitoring to Algebra, covering various critical areas. Here’s what the ecosystem can expect:
- Comprehensive Coverage: The security enhancements extend across Algebra’s architecture, internal infrastructure, smart contracts, multisig wallets, and even treasury and token allocations.
- Real-Time Alerts: Hexagate will provide real-time alerts on anomalies, broken invariants, and other suspicious activities, enabling swift responses to threats.
- Automated Mitigation: With automated mitigation procedures like pausing contracts before funds are lost due to a hack and inline protection against atomic hacks, Hexagate’s solutions allow protocols built on Algebra to act fast to prevent damage.
Algebra is a leading trading & liquidity infrastructure, with over 30 DEXs running on its CLAMM. The Algebra tech can be considered the heart of every DEX adopting its model. In that case, ensuring top-tier security and efficiency is crucial, and that’s exactly the goal of our partnership.
Key Risks Monitored with Hexagate
For decentralized exchanges (DEXes) building on Algebra, Hexagate offers broad coverage of essential risks and threats:
- Novel Exploits
- Ecosystem Threat Intelligence
- Protocol-Specific Invariants
- Financial & Market Risks
- Operational Risks
- Governance Risks
- Compliance
- Phishing and Scams
- Frontend compromise
- Private Key Theft
This partnership sets the stage for enhanced security and peace of mind for Algebra, the DEXes building within its ecosystem and their end users. By leveraging Hexagate’s real-time threat detection and proactive protection, Algebra’s ecosystem is better equipped to maintain a secure, compliant, and resilient platform for all users.
About Algebra
Algebra is a liquidity and trading infrastructure for decentralized exchanges, offering V3 and Integral (V4) AMM models similar to Uniswap. Their B2B model generates revenue by integrating their AMM with DEXes, earning a share of trading fees.
Key AMM features include:
- Concentrated Liquidity: Increases capital efficiency by up to 95% compared to traditional V2 DEXes.
- Dynamic Fees: Adjusts based on market conditions, calculating fees from volatility, risks, pool volumes, etc.
- On-chain Farming: Allows DEXes to reward LPs on-chain, all in one place.
Algebra is live on platforms like 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 L2s, with over $75 billion in cumulative trading volume and up to $200 million TVL.
Their latest Integral AMM model introduces a modular DEX engine, splitting the monolithic DEX setup into an immutable Core and customizable Plugins for flexible Concentrated Liquidity pools.