The $OWL algorithmic token serves as the backbone of a rapidly growing ecosystem aimed towards bringing liquidity and new use cases to the Moonriver network. The protocol's underlying mechanism dynamically adjusts $OWL's supply, pushing its price up or down relative to the price of $MOVR.
Inspired by the original idea behind Tomb, Basis, and its predecessors (bDollar and soup), Athenamoney.org is a multi-token protocol which consists of the following three tokens: -$OWL, Athena Shares ($OSHARE) -Bonds ($OBOND).
One of the primary shortcomings of past algorithmic tokens has been a lack of use cases, leaving no good reason for somebody to want to use or hold them. In order to successfully maintain the peg in the long-run, the Athena team will maintain a focus on innovation around enhanced functionality and use cases.