Alchemix Mainnet AMO Restored and alETH Borrowing Now Active
The Alchemix Mainnet AMO has been re-established, providing liquidity for alAssets, backing alETH, and generating revenue for the DAO. Borrowing alETH is now active, allowing users to take new loans and make swaps. The next step is to fully re-back alETH in accordance with AIP-101, which includes a soft target of 0.97 for the AMO, gradually shrinking as more alETH enters the pool. More details can be found in AIP-101 and the AMO reading.