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.

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