What Is Aura Finance (AURA)?
Aura Finance is a protocol built on top of the Balancer system to provide maximum incentives to Balancer liquidity providers and BAL stakers (into veBAL) through social aggregation of BAL deposits and Aura’s native token. For BAL stakers, Aura provides a seamless onboarding process to veBAL, by creating a tokenised wrapper token called auraBAL that represents the 80/20 BPT locked up for the maximum time in VotingEscrow (read more about what this means). This can be staked to receive existing rewards (BAL and bbaUSD revenue) from Balancer, in addition to Aura system revenue in the form of BAL(read more about the fees), and additional AURA. Users can trade their auraBAL back to BAL at any time.
Aura Finance Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | Aura Finance |
| Short Name | AURA |
| Total Supply | 50,000,000 |
| Max Supply | 100,000,000 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
Maximise your BPTs
Provide liquidity on Balancer and deposit your Balancer Pool Tokens (BPTs) into Aura Finance to earn Balancer trading fees, boosted BAL rewards and AURA.
Lock AURA
Vote-lock AURA to receive voting power and govern the protocol. With vlAURA, you will be able to direct incentives to Balancer gauges using the system’s veBAL.
Stake BAL & Boost Rewards
Convert 8020 BAL ETH BPT into Aura Finance BAL and receive all existing veBAL rewards (BAL + bb-a-USD), in addition to a share of system revenue in BAL, plus AURA.
Staking auraBAL contributes to the success and power of the Aura protocol.
Build
Harness the power of Aura to build exciting products. Aura pools support the ERC-4626 standard to optimize composability.
For Liquidity providers
For Liquidity providers, Aura abstracts complexity of depositing into the Balancer gauge system, providing a smooth onboarding process to all Balancer gauge deposits. Aura allows depositors to achieve a high boost through the protocol owned veBAL while also accumulating additional AURA rewards.
The AURA token
The Aura Finance token acts as a governance and incentivization tool within the ecosystem. Locked AURA tokens will have governance rights in the system and will be able to vote using the protocol owned veBAL voting power as well as on internal proposals.
Distribution
- 50% Balancer LP rewards Rewarded pro-rata for BAL received on Aura
- 10% for StableSwap auraBAL/BPT over 4 years
- 5% for Aura liquidity
- 17.5% Treasury vested over 4 years
- 2.5% bootstrapping token holder base
- 1% for future incentives
- 2% BAL treasury over 2 years
- 2% veBAL bootstrapping incentives
- 10% for the Aura team over 2 years
- 100% Fair launched no VC – Seed investors
Locking AURA
Locked Aura Finance will facilitate governance of the Aura protocol. Those who lock their AURA before the start of the following epoch will be able to participate in all decisions surrounding the molding of the protocol. Locks last for 16 weeks. Locked AURA also provides voting power for Balancer governance; locked AURA balances are mapped to system-owned veBAL.
These include its development and the allocation of the protocol accrued veBAL. Therefore locking will be required for users to influence the direction in which rewards are allocated. Other protocols have demonstrated the economic power this carries…
How does it work
Aura has prepared for full on chain governance through the implementation of vote delegation on the Vote Locked Aura contract. With that being said, until the Aura voter base matures and the on chain governance contracts are audited, a safer method will be used for executing governance decisions.
Phase 1 – Snapshot & multisigs
Snapshot page will be used for all aspects (1-4) listed above. To participate in snapshot voting, community members must lock their AURA. Results of the snapshot proposals will be executed by one of two multisigs. These entities and individual signers will be required to execute transactions in accordance with snapshot vote outcomes.
1, 3, 4 – Protocol Multisig
2 – Treasury Multisig
Aura Governance Community led, decentralized governance
Govern
Control the direction of the Aura community, treasury and protocol and change system parameters.
Balancer Gauge Voting
Direct the flow of Balancer incentives. Don’t have a gauge in mind? Sell your voting power on secondary markets.
Balancer Snapshot Voting
Use protocol owned veBAL to vote on Balancer proposals through meta governance.
Join the Aura Community
The Discord and Twitter are the best places to stay up to date on all of Aura’s latest developments.
Security
Smart contract security is a top priority for those working on Aura Finance. All reasonable precautions must be taken to ensure the protocol is safe to use. Below is a list of some of the things we believe make smart contract systems secure.
