GM!
As most of you are likely already aware, this was a big weekend for AO. Mainnet was officially launched and $AO became tradable, along with an assortment of other upgrades and announcements for the ecosystem.
Let's get into it.
Technology Upgrades ๐ป
There is a lot to unpack on the technical side of AO, with the first announcement being AO Core - which ties computation on AO much more closely with HTTP.
AO Core means computation requests and interactions are received as HTTP requests, which means any normal web request can technically be a valid AO transaction.
The goal of this is to build further on core web protocols - which makes sense, considering this is the Permaweb. As we understand it, this basically means that all HTTP pathways can become โoraclesโ or verifiable data and inherit the qualities of blockchain: immutable, etc.
Sam also went on to make a great point about how adding nodes to other blockchains doesn't necessarily mean more compute or scalability - which is somewhat different to AO and its parallel processing.
On top of this, there was talks of TEEs being baked into AO nodes, which opens up AO to verifiable attestations and private compute.
Watch the whole video here.
Tokenomics ๐๏ธ
AO's tokenomics has remained the same - $AO is a fair launch, and can only be created and brought into circulation by holding $AR or staking bridged assets. The difference is as of February 8th, $AO is now tradable on DEXes like Permaswap, and likely soon to be on some CEXes like MEXC and ByBit too.
What was a surprise, however, was the announcement of an entirely new token - $PI.
To put it simply, $PI is a "Permaweb Index" token, that allows users to hold a single token and get exposure to the entire Permaweb. This means $AR, $AO, and a collection of ecosystem projects - such as $APUS, and $ARIO.
The ecosystem projects chosen to be in the Permaweb Index are actually based on an algorithm which selects strong projects from within the ecosystem.
You can also choose which projects you want to allocate your $AO yield to as well. Pretty cool!
Ecosystem ๐
Where the $PI token lets users passively support popular ecosystem projects, users can also choose to delegate their $AR/$AO stake to projects individually - in return for tokens upon launch.
This creates a healthy incentive for projects in the ecosystem, as they are backed and funded by $AR and $AO - so it's in their interest to see these tokens succeed - as well as giving back to their backers fairly. It's almost a bit like crowdfunded investment from the community itself.
Another cool announcement was made by Autonomous Finance, which launched custom index funds with automatic rebalancing and more on Dexi. This means those who want more granular control over their portfolio can do so.
Some of the big ones to check out for those curious are Apus Network, AR.IO, Basejump, and Protocol.Land.
ICYMI ๐
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The Longview Team
This is not investment advice. No profit guarantees. If in the U.S., ensure compliance with U.S. laws and seek professional advice.