Alien Base (ALB)

Tokenomics & Utility

ALB, esALB, and rewards

ALB is an ERC-20 token on Base. Its main roles are governance, staking, and incentives for participation in the exchange. Holders can lock ALB to receive esALB, a non-transferable form used for voting and staking. The conversion from ALB to esALB is one-to-one. To convert back, a holder can use the protocol’s 30-day cooldown route or its limited gradual-release route. (github.com)

The platform calls the fee-based payments to esALB stakers “Real Yield.” These payments are distributed in assets such as wrapped ether, or WETH, rather than solely as newly issued ALB. This creates two different kinds of rewards to understand: ALB issued under the token’s incentive system and assets drawn from fees paid for using the exchange. The amount received through either route depends on the protocol’s rules and activity. (github.com)

How the supply plan has changed

The original ALB supply cap was 510 million tokens. At launch, 26 million ALB were minted. One million helped establish the first trading pool, while 25 million went into a timelock after the initial pool plan changed. Later issuance helped fund liquidity incentives, the DAO, and operations. The emission schedule changed several times as the project developed. (github.com)

In April 2026, DAO voters approved AIP-5, a major change to that model. It calls for farming rewards to wind down in favor of protocol-owned liquidity: assets and pool positions held by the DAO itself. The proposal also replaces a fixed halving schedule with more flexible emissions, sets out a tracked funding arrangement for development, and approves a one-time increase in the supply cap to 1.051 billion ALB. That figure is a permitted ceiling under the proposal, rather than a statement that all those tokens have been issued. The changes have been described as a staged on-chain rollout. (github.com)