We’ve continued to push the boundaries of decentralized finance and now it’s users' turn to put it to the test.

We’ve officially partnered with Cantina, the web3 security competition platform backed by Spearbit, to launch a three-week public audit competition. There's a $60,000 USDC public pool plus dedicated rewards for standout findings to motivate participants.

This is a major milestone for us in Ammalgam’s journey to mainnet. If you're a researcher, white hat, or curious builder, it's time to dive into the protocol that merges lending and trading into one seamless, oracle-free system.

Join here:

What is Ammalgam?

Ammalgam is a Decentralized Lending Exchange (DLEX) - a new DeFi primitive that erases the boundaries between spot trading and lending markets.

Think:

• Spot markets with pooled liquidity

• Lending markets without oracles

• No interest rate curves

• All fully on-chain, open, and permissionless

We've rethought DeFi’s base layer by eliminating dependency on oracles and bringing trading and lending into one single structure. With mainnet on the horizon, this public audit is a critical step in testing the system’s resilience at scale.

Why You Should Join the Competition

DeFi’s next evolution demands stronger security guarantees, especially when experimenting with protocol-level primitives like Ammalgam.

That’s why we’ve joined forces with Cantina, now fully integrated with Spearbit, to run this audit and deliver top-tier security research in a scalable, transparent format.

We're putting our code in front of the community and the best in the space. This is an open invitation to the entire security research community and web3 user base to tear it apart.

Competition Details

Public Pool: $60,000

Duration: Live now through July 30

Scope: Full Ammalgam codebase, including contracts/libraries/Saturation.sol

Fix Review: Begins after the competition ends

Payouts: Based on severity (High and Medium only)

Join the Competition on Cantina

📅 Timeline Snapshot

Launch: July 9

Submissions Close: July 30 (20:00 UTC)

Initial Findings Judged: Within 1 week (up to 2 weeks if >500 findings)

Fix Review & Final Judging: Wrapping up by early July.

What's the Scope?

The core Ammalgam contracts:

• Oracle-free price logic

• Liquidity pool interactions

• Lending/trading mechanism

• Saturation.sol (dedicated $10K bounty)

Out-of-scope components and accepted risk assumptions are outlined on the Cantina competition page.

Get Involved

You can connect directly to Ammalgam during the competition and our team members will provide clarifications and code walkthroughs:

📧 Contact: will@ammalgam.xyz

💬 Discord: cantina.xyz/discord

We’re not just looking for bugs - we’re looking for contributors who want to shape the future of DeFi.

Mainnet is Coming

This is the final stress test before we launch. Every issue found, every edge case surfaced, brings Ammalgam closer to a secure, permissionless, and high-performance mainnet release.

Whether you're here for the code, the cash, or the curiosity - we extend a warm welcome to all. Breaking things can be for a good cause too!