what's Ammalgam?

Ammalgam is a DeFi protocol that unifies trading and lending functionalities within a single decentralized exchange (DEX), known as DLEX, to enhance capital efficiency for users' digital assets. It allows liquidity providers (LPs) to deploy capital across multiple strategies simultaneously, earning yields from both market-making and lending without idle assets. The protocol operates on-chain, supporting EVM-compatible chains like Sonic Labs, and emphasizes automation to handle complex positions in volatile markets. Key features include Ammalgam Recipes, which are pre-built strategy templates such as delta-neutral setups, straddles, and market-making approaches. These enable users to protect against liquidations while optimizing returns, with automated execution and real-time previews of payouts and risks. By integrating perpetual trading with lending, Ammalgam maximizes utility for assets like stablecoins and tokens, reducing fragmentation in traditional DeFi workflows.

Ammalgam completed multiple audits and shipped its beta dApp in 2025.