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DeFi Protocol Ammalgam Launches Mainnet, Integrates Lending, Trading, and Strategy Vaults

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The DeFi protocol Ammalgam announced a major protocol update with the launch of its mainnet, integrating lending, borrowing, and trading into a single on-chain system to create a decentralized lending exchange (DLEX). The platform utilizes on-chain liquidity for pricing and risk management, eliminating the need for external oracles. Strategy vaults built on Lagoon Finance are now live, allowing users to deposit USDC, ETH, or BTC to generate yields. Ammalgam closed a $2.5 million seed round in 2024, co-led by Lightspeed Faction and Framework Ventures.

According to The Block, the DeFi protocol Ammalgam has officially launched on mainnet, integrating lending, borrowing, and trading into a single on-chain system to create a Decentralized Lending Exchange (DLEX), aiming to enhance capital reuse and improve liquidity efficiency. Unlike traditional AMMs, Ammalgam does not rely on external price oracles; all pricing and risk management are based on on-chain executable liquidity. Simultaneously, the team has launched Vaults built on the Lagoon Finance infrastructure, allowing users to deposit assets such as USDC, ETH, or BTC to earn passive income. The protocol completed a $2.5 million seed round in 2024, co-led by Lightspeed Faction and Framework Ventures.

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