Alien Base

**Token Contract Migration Ahead** Morpho is preparing to migrate its token contract to support new tokenomics, pending community approval through an upcoming vote. **Key Details:** - Migration timeline: Expected in a few weeks after vote passes - New contract will be deployed on Ethereum - Users must wrap existing tokens to access onchain voting and delegation - Morpho App will support seamless token wrapping - Legacy MORPHO token will remain but be renamed **What This Means:** - Base bridge integration planned for wrapped tokens - Future rewards distributed as wrapped version on both Ethereum and Base - Onchain governance features enabled for wrapped token holders [Read more about the governance implementation](https://morpho.org)

Alien Base has transitioned from a fixed 1M ALB allowance to a **Line of Credit (LoC) system** for development funding. **Key Changes:** - Development funding now requires paying an interest rate through the LoC - The new system offers more flexibility while maintaining accountability - Removes direct development funding burden from the DAO **How It Works:** - Emissions for Protocol-Owned Liquidity (POL) are tracked via the LoC - All generated yield automatically goes toward buying back and burning ALB tokens - This mechanism helps return debt while reducing token supply The Line of Credit applies to both POL accumulation and development funding, creating a more sustainable financial structure for the protocol.

Alien Base is implementing a **Line of Credit (LoC)** system to track emissions used for accumulating Protocol-Owned Liquidity (POL). **Key Changes:** - All yield generated from POL will be used to **buy back and burn ALB tokens** to repay the debt - Development funding will now operate through a dedicated LoC with an **interest rate requirement** - The LoC system replaces the previous 1M ALB allowance, offering more flexibility while maintaining accountability - This structure removes direct DAO responsibility for development costs The mechanism creates a self-sustaining cycle where protocol revenue directly reduces token supply through buybacks, while keeping development funding separate and accountable through the credit system.

**Major Tokenomics Shift** Alien Base is implementing AIP-5, marking the biggest change to its tokenomics since launch. The protocol is completely phasing out farming as market conditions have made the previous model obsolete. **Key Changes:** - Eliminating farming entirely - Pivoting heavily to Protocol Owned Liquidity (POL) - Focus on accumulating DAO-owned assets and liquidity pools - Making emissions sustainable from day one The team acknowledges that what worked at launch no longer serves the protocol's goals. This pivot represents a fundamental shift in how Alien Base manages liquidity and rewards.

**Design Progress** - New APR calculator iterations underway - Epsilon designs handed over to development team - Final design details being finalized **Tokenomics Update** - First tokenomics draft shared with council and DAO - Team collecting feedback and aligning on next steps - Broader community proposal expected next week to begin governance process The platform continues refining its user experience while advancing its economic model through collaborative governance.

The team completed comprehensive testing of the Mothership flow, examining vault creation, modules, factory operations, and liquidity management for potential edge cases. Test scenarios are being documented while specifications are being prepared for frontend implementation. **Key Progress:** - Mothership contracts tested end-to-end - Search initiated for official audit partners - Backtesting infrastructure established, pending refinement - Translator interface in development for cross-strategy data handling The focus now shifts to documentation and preparing technical specifications to enable frontend integration of the new vault system.

**Partnership Progress** Alien Base has made significant progress on liquidity pool partnerships, declining one of three proposals while advancing the remaining two. The team needs to send updated terms for one partnership and review a received proposal for the other, targeting final decisions next week. **Security Infrastructure** After multiple evaluation calls, the team has identified a preferred security monitoring tool and is scheduling a demo to validate compatibility before implementation. **System Status** Current systems remain operational with vaults entering beta phase. The Base ecosystem continues expanding with new strategic alliances forming across the network.

**Mobile Experience Enhanced** Alien Base rolled out significant UI improvements focused on mobile responsiveness: - **Better modal behavior** on smaller screens across swaps, confirmations, and liquidity operations - **Fixed styling issues** in strategy filters and currency search modals - **ROI calculator** now works smoothly on mobile devices **New Vault Features in Development** The team is designing fresh UI components for upcoming vault functionality: - Quote token switching to invert price charts (ALB/WETH ↔ WETH/ALB) - Liquidity Info Box showing vault's pool share - Comprehensive position tracking across all types **Technical Improvements** - Optimizing Zaps for wallets without batch transaction support - Fixed "Insufficient balance" errors in single-sided liquidity - Investigating negative APR display bug These updates focus on core usability rather than flashy features, addressing real user pain points in mobile trading and vault management.

**AlienBase has released a revised Dune dashboard** featuring comprehensive analytics and accurate data tracking. The new dashboard includes: - **Top platform metrics** and performance indicators - **User behavior analysis** and grouping patterns - **ALB and esALB token holder data** with staking activity insights - **Revenue and fee metrics** sourced via DeFiLlama - Additional analytical tools for deeper platform understanding This update provides the community with **enhanced transparency** and data accessibility for better decision-making. [View the dashboard](https://dune.com/sealaunch_team/alienbase/7665ee9d-42e4-479e-b03c-4dd5565386843/6)

**Smart Contract Updates Complete** - Fixed all code review issues including **share calculations**, **LP fees**, and **position sweeping** - Launched Mothership contracts specification for frontend implementation - Contract documentation nearing completion for frontend integration **Data Infrastructure Ready** - Built complete foundation for **strategies management and testing** - Established data pipeline that scrapes information into database - Live database now configured for backtesting operations - Added range queries to mirror production analysis flows **Strategy Backtesting Launches Monday** The team has completed all preparatory work and will begin comprehensive strategy backtesting next week, marking a significant milestone in the platform's development.