Decentralized Exchange Aggregator Althena Receives Algorand Foundation Grant Award

Wednesday, June 15th, 2022 - The Algorand Foundation welcomes Althena to the Algorand ecosystem as our latest grant recipient. Althena is a Decentralized Exchange Aggregator whose goal is to deliver the best market prices for traders and developers by aggregating over multiple decentralized exchanges, market makers, and lending protocols.

Althena connects and utilizes the liquidity of multiple DEXs, making the capital flow of the Algorand ecosystem more efficient. Althena improves users' trading experience on Algorand by maximizing user benefits and optimizing transaction processes

Althena brings Defi participation on Algorand to new heights, providing a secure and optimized trading solution for individuals and institutions. Althena effectively aggregates decentralized exchanges and other Defi services into one comprehensive interface to streamline execution.

Althena aims to offer a simple, fast and safe way to exchange Algorand native tokens by pooling liquidity from many decentralized services into one. ‘Althena wants to become the dominant DEX aggregator on Algorand, by delivering best price execution while minimizing user friction. The team is fully committed to the Algorand ecosystem and believe that Algorand’s superior Layer-1 technology is going to bring DeFi to the masses in the most cost effective, secure and elegant way’. - Joy Cham, Althena Founder 

‘We’re very excited to welcome Althena to the Algorand Ecosystem as our latest grant recipient. Our grant funding will support Althena as the first dex aggregator in the Algorand ecosystem, providing users with an efficient and cost effective execution without having to look at every single dex to obtain optimal liquidity'. - Daniel Oon, Head of DeFi, Algorand Foundation  

For more information on Althena please visit https://www.althena.io/ or follow them on Twitter