FAQ

Frequently Asked Question (FAQ) - Athen DAO

Is $AOE a stablecoin?

$AOE is not a stable coin. It utilises fractional treasury reserves to extract intrinsic value. Athen, becoming an algorithmic reserve currency, will provide free floating value.

What is the relationship between AOE and ATHEN?

Athen is a fork of Olympus built on the back of the world's largest digital broker, Binance, with its Smart Chain (BSC) network. It allows us to absorb the benefits of speed, security and onboard capital inflow optimisation to the DAO in which Binance CEX/DEX offers.

Verified on Binance Smart Chain

Is $AOE still worth buying after initial growth?

Once AOE is staked, your balance will increase with the circulating supply, meaning, regardless of falling prices, your AOE balance will increase due to the staking protocol. Therefore, you will generate a passive income (staking), which reduces your risk, even when volume is at its highest.

Has Athen been audited?

There is no need for Athen to be audited at this stage as AOE is a fork of Olympus DAO's OHM contracts, meaning that the protocol has already been audited on two separate occasions by Peckshield and from Omniscia. They are available here:

• https://github.com/peckshield/publications/blob/master/audit_reports/PeckShield-Audit-Report-OlympusDAO-v1.0.pdf

• https://omniscia.io/olympusdao-algorithmic-currency-protocol

The founders of behind Athen DAO went through a KYC process. After the KYC approval, they were minted on a NFT (non-fungible token) on the blockchain.

Check out Certificate of Verification by Assure DEFI

What is APY?

APY refers to Annual Percentage Yield. It utilises a real rate of return through compounding interest. If you have a $100 investment with an APY of 1000%, then 365 days later your investment will be $1100.

Are high APYs sustainable?

APY relies on the sale of DAI bonds in order to mint new AOE tokens. If sufficient bonds are sold, then high APY rates are sustainable. If the protocol aims for 10,000% APY, and 10,000 AOE tokens are staked, 200 AOE tokens need to be minted daily in order to achieve the APY; (Roughly 2% growth a day). If there are at least 200 AOE tokens brought into the protocol from bond sales, the APY is sustainable.

The APY can be high due to compounding interest. Funds are auto staked everyday to generate exponential growth.