TechFlow News: On March 13, according to The Block, the DeFi protocol Ammalgam officially launched on mainnet. This protocol integrates lending, borrowing, and trading into a single on-chain system—creating a Decentralized Lending Exchange (DLEX)—aiming to enable capital reuse and enhance liquidity efficiency. Unlike traditional AMMs, Ammalgam does not rely on external price oracles; all pricing and risk management are based on executable on-chain liquidity.
Simultaneously, the team launched strategy Vaults built on Lagoon Finance’s infrastructure, enabling users to deposit assets such as USDC, ETH, or BTC to earn passive yields. The protocol raised a $2.5 million seed round in 2024, co-led by Lightspeed Faction and Framework Ventures.
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