Welcome to the first of our new community updates. We’ll be posting these updates to give the community a clear and concise view of everything that’s gone on, and is going on at Aelin. New posts will be shared via our Discord and Twitter accounts, or you can subscribe directly using mirror here.

DevDAO

Launched at the start of April, DevDAO has been a resounding success so far - as of writing this post 10+ bounties have been claimed and completed by community members. Enabling the community to directly contribute to Aelin helps to decentralize the protocol, increase community engagement, and can also allow Core Contributors to remain focused on larger releases; everybody wins.

Thanks to all our Bounty Hunters so far, you can read more about DevDAO here. Or if you’d like to contribute head over to our Discord and introduce yourself!

Historic Fee Distribution

Historic stakers & LPs are now able to claim their share of protocol fees - claiming went live for stakers & LPs between January ‘22 - March ‘23. 

Check your eligibility & claim here. Or read more about the distribution here.

Governance Call

We had a governance call in April where three new AELIPs were presented:

AELIP 48 - ARB Token Allocation

AELIP 49 - AELIN Tokenomics

AELIP 50 - AELIN Token Update

You may have noticed a sleek new logo recently - Aelin is getting a full rebrand, and our front-end devs are currently wrapping up work to upgrade and update our dApp, so you can expect Aelin V3 very soon.

Work continues on Aelin’s next innovation; VestAMM - a liquidity management protocol which aims to closer align LPs & Protocols long term. Synthetix invented Liquidity Mining, Aelin is working on Liquidity Mining 2.0. Once live it will be a new source of revenue for the Aelin token.

There’s also a new AELIN token on the way - the new token will entirely replace the existing token - holders of AELIN will be able to swap their existing tokens to the new token at a rate of 1:2,000 indefinitely. Meaning the previous 5,000 max supply will become a more sensible 10,000,000.

Following the recent historic fee distribution and launching alongside the new token, there will be second round of fee distribution via AELIN Staking. Where we’ll be distributing veKwenta tokens over a 90 day period to current Aelin stakers.

Aelin is live on Ethereum, Optimism, Arbitrum and Polygon. And we’re currently working to launch AELIN on a new chain, which we’ll be announcing very soon.

That’s all for this update - stay tuned for more info on all of this and more soon.