Alien Base DAO: A Year in Review and Future Vision

👽 The Alien Base Story Revealed

By Alien Base
Nov 18, 2024, 3:14 PM
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Alien Base, launched in August 2023 on Base chain, shares its journey from a fair-launched DEX to its current position.​ Key highlights:

  • Initially reached Top-1 DEX status with $26M TVL
  • Pivoted from traditional liquidity mining to focus on organic growth
  • Survived market downturn through community support
  • Developed new products: Epsilon, Token Generator, esALB

Future roadmap includes:

  • Project Mothership: New Automated Liquidity Manager
  • Full DAO decentralization by end of 2024
  • Project Quasar development in 2025
  • Focus on sustainable profitability without token subsidies

The platform aims to become the premier trading venue on Base through technological innovation and community governance.​

Sources
Read more about Alien Base

Alien Base Completes Vault Detail Pages and Prepares for Internal Testing

**Alien Base** wrapped up key development milestones this week, completing vault detail pages and TVL data work for their **farms redesign**. **Key Progress:** - Finished vault detail pages and TVL data implementation - Redesigning "Add Liquidity" flow to separate liquidity addition from staking - Internal testing begins next week **Zaps Integration:** - Refining token auto-swap functionality for position exits - Optimizing slippage error handling and investigating dynamic slippage **Technical Updates:** - **Epsilon**: Addressed code review issues and improved gas efficiency for trailing orders - **Mothership**: Ongoing code review continues - Implementing TWAP and Redstone verifiers with Uniswap fallback **UX Improvements:** - Working on "Wide" vs "Narrow" explanations for V3 pages - Updating liquidity flow based on product feedback **Partnerships:** - Finalizing agreement for new pool (details pending) - Exploring multiple pool proposals The platform continues steady development across multiple fronts as they approach the testing phase.

Alien Base Launches Paymaster for Gas-Free Transactions

**Alien Base has launched Paymaster**, bringing gas-sponsored transactions (EIP-4337) to their platform. This allows users to trade without paying gas fees directly. **Key Platform Updates:** - Fixed scrolling issues on Base app - Patched Bunni liquidity position removal bug - Temporarily disabled Odos router due to rate calculation issues **Development Progress:** - Mothership codebase under review - New encoder and router contracts implemented - Redstone Oracle added for DCA system - New liquidity page UI completed **Partnership Efforts:** The team continues outreach to Base projects for collaborations, with ongoing discussions about creating pools on $ALB focused on incentive structures.

Alien Base DEX Confirms Frontend Safety Amid Exploit Concerns

**Alien Base DEX has confirmed its frontend is safe** from a potential exploit affecting other DeFi platforms. The team evaluated their code and determined they **do not use the affected code** that could expose users to security risks. **Key points:** - Alien Base frontend confirmed secure - Team recommends caution with other dApps - Situation still developing across DeFi space This follows previous warnings about frontend vulnerabilities affecting partner platforms like Ruby DEX during Wave7 of the DeFi Voyage. **Users should exercise caution** when interacting with any DeFi frontends until the broader situation becomes clearer. Updates will be provided as more information becomes available.

Alien Base Governance Updates and Community Engagement

Alien Base has announced the launch of their governance platform through @AlienFDN. Community members can now: - Participate in proposal submissions - Vote on platform decisions - Stay updated on governance matters The team continues their development efforts and promises more updates soon. This move represents a significant step towards community-driven decision-making in the Alien Base ecosystem. Follow [@AlienFDN](https://twitter.com/AlienFDN) to participate in shaping the future of the platform.

ALB Token Halving Marks New Era for Alien Base

ALB Token Halving Marks New Era for Alien Base

The ALB token halving has been executed, reducing yearly inflation from 30% to 15%. This marks a strategic shift from farming incentives toward sustainable revenue generation. Key updates: - New optimized vaults launched for ETH-USDC, EURC-USDC, cbETH-ETH, and VIRTUAL-ETH pairs - Protocol fees stream to esALB stakers - Development of Epsilon for trading volume growth - Introduction of Mothership for passive concentrated liquidity The platform aims to reduce reliance on incentives while maintaining rewards through protocol revenue. This transition aligns with the long-term vision of creating a sustainable DeFi ecosystem.

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