Leech Protocol

Our work

Security audit. Grant by Optimism

Security audit. Grant by Optimism Leech Protocol Successfully Completes Another Security Audit – Thanks to Optimism Security Grant!  We’re happy to announce that Leech Protocol has successfully completed another security audit by Ackee Blockchain Security! 🎉 The audit covered our cross-chain yield farming strategies, ensuring robust security, proper integration, and smart contract reliability. With rigorous testing and quick action on feedback, we continue to uphold our commitment to security and innovation. A huge thank you to Optimism for providing security audit grant, Ackee and our community for the ongoing support! 💪 More details on audit: https://ackee.xyz/blog/leech-protocol-audit-summary/ Optimism grant for LeechProtocol: https://gov.optimism.io/t/cycle-29-final-roundnup/9211 Twitter Facebook Telegram

2024 RECAP & PLANS FOR 2025

🌟 2024 RECAP & PLANS FOR 2025 🌟 Achievements in 2024: • Integrated KyberSwap, reducing user costs for deposits and liquidity withdrawals, and added new stablecoins for transactions. • Launched a mobile version of app.leechprotocol.com for easier access. • Optimized the frontend, improving website speed and usability by 80%. • Added new wallet connectors, enabling faster deposits with wallets beyond MetaMask. • Improved APR calculation for accurate yield representation. • Integrated Velodrome V3 with three experimental CLMM pools for liquidity. • Supported Venus.io with USDT and DAI pools. • Secured a security audit grant from Optimism, now auditing smart contracts. • Expanded DeFi and farming education through sessions and a campaign with CIRUS Foundation. • Participated in 5+ Web3 Global events and hosted educational sessions with MORPH L2, Hela_Network, 0xNomis, and more. • Established partnerships with zk.Link Nova. Plans for 2025: • Integrate TON blockchain and pools. • Integrate Base blockchain and pools. • Add new pools to supported platforms. • Revamp architecture to align with ERC-4626 standards. • Launch a hedging strategy and a high-yield Uni V3 strategy. • Collaborate with new partners to expand the DeFi Academy and Degen Talks series. • Host AMA sessions focused on farming strategies and DeFi education. • Implement investor outreach initiatives and influencer campaigns to boost Total Value Locked (TVL). • Launch a rewards-based points system to enhance TVL retention. • Aim for a TVL growth milestone of $3M–$5M. Let’s make 2025 even bigger! 🚀 #DeFi #LeechProtocol Twitter Facebook Telegram

LeechProtocol Q3 2024 Recap: New Features and Strategic Integrations

The third quarter of 2024 has been an exciting period for LeechProtocol, marked by major enhancements and integrations that solidify our position as an automated yield farming aggregator. Here’s a detailed breakdown of our progress and what’s to come in Q4: Key Updates in Q3 2024: 1. UI/UX Enhancements: We’ve focused on improving the overall user experience, introducing a fully optimized mobile version available at app.leechprotocol.com to make accessing LeechProtocol on the go easier than ever. In addition, new UX elements were introduced, contributing to a smoother and more intuitive navigation. We also worked behind the scenes to boost performance across the platform, ensuring a faster and more responsive user experience. 2. New APR Calculation Model: We’ve revamped our APR calculation, now basing it on the historical performance of pools. This provides users with more accurate yield projections, helping them make better-informed decisions when choosing which pools to invest in. 3. Integration with Velodrome v3: LeechProtocol now supports Velodrome v3, a powerful Concentrated Liquidity AMM. This integration enables more capital-efficient liquidity farming, providing our users access to high-yield opportunities with greater flexibility and precision in liquidity management. 4. Bug Fixes & Code Refactoring: Our development team worked extensively to fix bugs and refactor key parts of the codebase, improving overall stability and scalability. These updates enhance the protocol’s robustness, ensuring a more reliable experience for all users. Looking Ahead: Q4 2024 Plans We’re keeping the momentum going into Q4 with some exciting developments: • New Swap Router with KyberSwap Integration: We’re developing a new swap router that will be integrated with KyberSwap, giving our users lower commissions while withdrawing and depositing liquidity. • Integration with Base Blockchain: In Q4, we plan to expand LeechProtocol’s ecosystem further by integrating with Base blockchain to allow more Yield Farm use cases for our users • Integration with DEX Aerodrome: In Q4, we plan to expand LeechProtocol’s ecosystem further by integrating Aerodrome Dex on Base blockchain, unlocking additional yield farming opportunities and enhancing cross-chain compatibility. Thank you for being part of the LeechProtocol journey. Let’s make Q4 even bigger!