Update README.md

README.md

@@ -1,12 +1,16 @@
-# Frax Template
-
-## Optional Setup
-Add:
-```
-function profile() {
-  FOUNDRY_PROFILE=$1 "${@:2}"}
-```
-To easily execute specific foundry profiles like `profile test forge test -w`
+# Fraxtal LayerZero <> Curve AMO
+## Introduction
+Frax AMO to manage LayerZero-bridged Frax assets to Fraxtal.  When bridging via LayerZero, the token received on Fraxtal is not the same as the chain-native token (ie. LZ-branded sFRAX != Fraxtal-native sFRAX).  This AMO manages a Curve pool of LZ-asset <> Native-asset to automatically swap the LZ asset into native asset upon bridging.  Therefore, a bridger is able to atomically receive Fraxtal-native sFRAX while using the LayerZero bridge, maintaining the low gas fees and high speed offered by LayerZero.
+
+## TODO (non-exhaustive)
+- [ ] Deploy Curve pools
+- [ ] Execute immediate curve swap upon bridge
+- [ ] Determine action if amount received upon swap < amount desired
+- [ ] AMO
+  - [ ] Determine threshold to trigger rebalance
+  - [ ] Manage liquidity when LZ sFRAX > native sFRAX
+  - [ ] Manage liquidity when LZ sFRAX < native sFRAX
+- [ ] FE
 
 ## Installation
 `pnpm i`
@@ -30,11 +34,3 @@ To easily execute specific foundry profiles like `profile test forge test -w`
   --etherscan-api-key {$ETHERSCAN_API_KEY || FRAXSCAN_API_KEY || POLYGONSCAN_API_KEY} \
   --broadcast --verify --watch
 ```
-
-## Tooling
-This repo uses the following tools:
-- frax-standard-solidity for testing and scripting helpers
-- forge fmt & prettier for code formatting
-- lint-staged & husky for pre-commit formatting checks
-- solhint for code quality and style hints
-- foundry for compiling, testing, and deploying