<
Back

Community Call - September 27, 2024

Tokemak
September 27, 2024
dot
1 minute read time

Community Call - September 27, 2024

Tokemak
September 27, 2024
dot
1 minute read time

Discord Security: A security incident on Discord was quickly addressed. The server owner account was not compromised, and additional security measures are being implemented to prevent future occurrences.

Autopilot Launch: Autopilot has exceeded expectations, reaching nearly $31 million in Total Value Locked (TVL) across the three Autopools in less than two weeks since launch.

Base Deployment: Autopilot on Base chain is scheduled for deployment next week, with a warm-up period before going fully live to the public. As part of the Base deployment a new DEX, Aerodrome, will also be integrated.

Tokenomics Update: New tokenomics are coming soon, allowing users to vote their TOKE tokens to specific Autopools and earn receipt tokens of that Autopool as rewards.

Stablecoin Expansion: The team is focusing on USD-denominated Autopools (autoUSD) as the next major area for expansion.

Podcast Feature: A podcast featuring the team is set to release early next week on The Edge Pod.

Temporary NAV fluctuations: The team explained that temporary fluctuations in Net Asset Value (NAV) below 1 are due to bootstrapping costs and will stabilize as yield accrues.

Incentives Campaign: The incentives campaign is being reviewed on a monthly basis, based on Inflows and LP behavior. Any changes to this will be announced in Discord.

Balancer Integration: A new pool on Balancer pairing balETH with wstETH is being created with incentives expected in October. This marks the first DeFi integration using an Autopool receipt token.

NFT Mint: A snapshot for an upcoming NFT mint will be taken on September 30th for users in the pools.

Future Outlook: The team emphasized that this is just the beginning, with plans to expand and continuously improve the protocol, including targeting USD denominated Autopools to increase attractiveness throughout market cycles.

Stay tuned for more updates and thank you for your continued support!

┻┳

Get notified

Subscribe to the official announcement channel on Telegram
join telegram
SUBSCRIBE
JOIN THE COMMUNITY
join discord
SHARE THE ALPHA

Related Articles