1/ Our Mainnet AMO is re-established. The AMO provides alAsset liquidity, backs $alETH, and generates revenue for the DAO.
28 Dec 2023, 17:01
1/ Our Mainnet AMO is re-established! 🔥
The AMO provides alAsset liquidity, backs $alETH, and generates revenue for the DAO.
alETH borrowing IS NOW ACTIVE, so new loans can be taken and swapped!
The next step is to fully re-back alETH in accordance with AIP-101.
Same news in other sources
128 Dec 2023, 17:01
2/ As laid out in AIP-101 the AMO will have a soft target of 0.97, gradually shrinking as more alETH enters the pool. More details in the AIP -
Further reading on the AMO -
2/ As laid out in AIP-101 the AMO will have a soft target of 0. 97, gradually shrinking as more alETH enters the pool.
2/ As laid out in AIP-101 the AMO will have a soft target of 0.97, gradually shrinking as more alETH enters the pool. More details in the AIP - https://t.co/RNsMwV8qTc
Further reading on the AMO -