by Pera Wallet
This is a well-known and established project in the Algorand ecosystem.
The Algofi core development team is bringing a vibrant DeFi hub to the Algorand blockchain. Algofi first brought a decentralized lending market and stablecoin to the Algorand ecosystem in December of 2021. Next, they launched a constant product and stable-swap decentralized exchanges. The ambitious plan of the project is to develop the core protocols from Ethereum while embracing the superior performance of the AVM. These will form the core-basis of DeFi on Algorand and will pave the path forward for future developers on the blockchain.