Pact

Automated Market Maker on Algorand

Crypto

Fintech

Pact

Automated Market Maker on Algorand

Crypto

Fintech

Pact

Automated Market Maker on Algorand

Crypto

Fintech

Pact

Automated Market Maker on Algorand

Crypto

Fintech

About

Pact is a decentralized Automated Market Maker (AMM) protocol on the Algorand blockchain, designed to significantly boost liquidity within the ecosystem. As the technical partner of the Algorand Foundation, ULAM LABS spearheaded the complete technical execution of this project, from initial development to continuous enhancements.

Our collaboration focused on creating a robust, secure, and user-friendly platform that meets the dynamic needs of the Algorand community. By leveraging our expertise in blockchain technology and smart contracts, we have successfully established Pact as a key player in the decentralized finance (DeFi) space in Algorand.

The Challenge

Building a decentralized AMM protocol

o align with existing AMM models, we developed a protocol enabling asset swaps, participation in liquidity pools, and automated pricing algorithms based on supply and demand.

Facilitating liquidity pools

Ensuring a seamless experience on both the swap functionality and liquidity pools was paramount. It was essential to create an environment encouraging users to contribute assets, with real-time operations.

Ensuring Robust Security

Given the high stakes of security in AMMs, thorough audits by Runtime Verification and Kudelski Security were crucial to mitigate risks of exploits or bugs that could jeopardize user funds.

Native Integration with Algorand

Leveraging Algorand's fast, carbon-negative transactions was a key goal. Pact was designed to run natively on Algorand, supporting all its Standard Assets and compatible wallets.

Services

Backend;Frontend;DevOps;Smart Contracts

Technologies

Our Approach

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Impact & Results

MediShout has been adopted by over 100 hospitals internationally, including major NHS Trusts such as Mid and South Essex NHS Foundation Trust, with more than 10,000 active staff users.

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Project timeline

2022

2023

2024

2024

Quality Assurance

Implementing rigorous testing procedures to ensure bug-free features.

Quality Assurance

Implementing rigorous testing procedures to ensure bug-free features.

Quality Assurance

Implementing rigorous testing procedures to ensure bug-free features.

Quality Assurance

Implementing rigorous testing procedures to ensure bug-free features.

May 2022

Launch

Launch of AMM and introduction of Stablepools

September 2022

Implementation of ZAP and router

Implementation of ZAP, enabling liquidity addition with a single asset. Router development for optimized price impact and fees through multi-pool swapping.

March 2023

Farms and Analytics

Deplyoment of Farms and Rollout of Advanced Analytics

June 2023

Algorand Integration

Integration of Algorand Foundation Governance participation with assets staked in Farms. Launch of Lendingpools.

Background

Pact debuted on the Algorand mainnet in February 2022, significantly advancing the Algorand ecosystem. It expanded beyond the capabilities of the ecosystem’s initial AMM protocol, which only facilitated swaps for Algorand Standard Assets. 

As the main technology provider, ULAM LABS worked closely with Pact’s core team to develop and continually enhance the technology from scratch, supporting ongoing platform maintenance. 

This collaboration ensured that Pact remained at the forefront of innovation, consistently delivering new features and improvements to meet the evolving needs of its users.

Technology Stack & Features

Decentralization

Ensures that funds are securely held in smart contracts on the Algorand blockchain, preventing any administrative control over user assets by the Pact or ULAM LABS teams. This decentralization enhances security and trust, as users retain full control over their assets.

Instant Settlements

Utilizes Algorand’s atomic swaps and fast transaction capabilities to facilitate nearly instant settlements, thereby enhancing platform security. This feature ensures that trades are executed swiftly and securely, reducing the risk of price slippage and other trading inefficiencies.

User-Friendly Application

Designed with a mobile-first approach, Pact offers an intuitive interface, robust liquidity options, and competitive fees. The user-centric design makes it easy for both novice and experienced traders to navigate the platform and participate in DeFi activities.

Multi-Wallet Support

Compatible with several top Algorand wallets such as Pera, My Algo, Fireblocks, AlgoSigner, and Defly. This wide compatibility ensures that users can easily connect their preferred wallets and manage their assets seamlessly on the platform.

Interest earning on Liquidity Pools

Allows liquidity providers to earn fees and rewards by contributing to various pools. This feature incentivizes users to provide liquidity, enhancing the overall liquidity and stability of the platform.

Farming

In collaboration with the Algorand Foundation and partners, Pact enables additional token rewards for liquidity committed by users, fostering ongoing revenue generation from staking. This initiative supports long-term user engagement and platform growth.

Our Commitment to HIPAA & GDPR Compliance

In healthcare technology, protecting sensitive patient data and adhering to stringent legal frameworks is non-negotiable. At ULAM LABS, we possess deep expertise in navigating the complex regulatory landscape surrounding healthcare data privacy and security, including HIPAA in the United States and GDPR in the European Union.

Comprehensive Regulatory Knowledge

We understand that HIPAA applies to covered entities and their business associates handling protected health information (PHI), requiring strict safeguards for electronic health data. Meanwhile, GDPR governs the processing of personal data of EU/EEA residents, including special categories such as health records, demanding explicit consent, data minimization, and rights like data access and erasure.

Our team stays current with evolving regulations and best practices to ensure that every system we develop complies fully with these frameworks. We conduct thorough data inventories and risk assessments, mapping data flows and access controls to reduce vulnerabilities and demonstrate compliance readiness.

Why Partner with Us?

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