Aura Finance (AURA) is a protocol developed on the Balancer system, facilitating streamlined onboarding for Balancer liquidity providers and BAL stakers. More
| Fully Diluted Valuation | $15.44M |
|---|---|
| 24H Trading Volume | $25,203 |
| 24H Low / High | $0.19 / $ 0.20 |
| Circulating Supply | 49.65 M |
| Total Supply | 81.15 M |
| Max Supply | 100.00 M |
| Categories | Decentralized Finance (DeFi) 4 more |
|---|---|
| Founder | Kelsey Willock 1 more |
| Website | aura.finance 1 more |
| Socials | 3 more |
| Chains | Ethereum Ecosystem 2 more |
| Explorer | Basescan 5 more |
| Contracts |
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2 more
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| Name | Pair | OG Score |
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Aura Finance, established in 2021 by Kelsey Willock and Courtney Cardin, has introduced a protocol integrated with the Balancer system, aiming to streamline processes and enhance user experiences in the decentralized finance (DeFi) realm.
Facilitating Onboarding for BAL Stakers
Aura Finance's protocol introduces practical features for Balancer liquidity providers and BAL stakers. Notably, the creation of auraBAL, a tokenized wrapper, simplifies the onboarding process by representing the 80/20 BPT locked in VotingEscrow for maximum time. This mechanism enables users to stake auraBAL and receive rewards such as BAL and bbaUSD revenue from Balancer, alongside Aura system revenue in the form of BAL and additional AURA tokens. The protocol allows users the flexibility to trade auraBAL back to BAL at any time, promoting liquidity and ease of access.
Streamlining Liquidity Provider Processes
Liquidity providers benefit from Aura Finance's emphasis on user-friendly interfaces, easing the intricacies of depositing into the Balancer gauge system. The protocol ensures a straightforward onboarding process for all Balancer gauge deposits, enabling depositors to achieve a high boost through the protocol-owned veBAL while earning additional AURA rewards. This approach targets a wider audience, fostering inclusivity and accessibility in the DeFi space.
AURA Token: Governance and Incentivization Framework
Central to the Aura Finance ecosystem is the AURA token, serving dual purposes as a governance and incentivization tool. Locked AURA tokens confer governance rights within the system, enabling users to participate in decision-making through the protocol-owned veBAL voting power and contribute to internal proposals. This governance model ensures community involvement in the evolution of the platform.
In conclusion, Aura Finance's protocol on the Balancer system stands out for its commitment to efficiency and user-centric design. The integration of features like auraBAL, combined with a focus on user-friendly experiences, positions Aura Finance as a noteworthy player in the DeFi landscape. As the platform evolves, it has the potential to contribute to the broader goals of financial empowerment and inclusion in the decentralized finance sector.
Aura Finance employs the AURA token as a governance and incentivization tool. Locked AURA tokens grant users governance rights, allowing them to vote using protocol-owned veBAL voting power and participate in internal proposals, ensuring a democratic decision-making process for the platform's evolution.
Aura Finance stands out for its integration with the Balancer system, offering seamless onboarding for liquidity providers and BAL stakers through features like auraBAL, a tokenized wrapper. This innovation maximizes incentives, governance, and rewards in BAL and AURA tokens, fostering a user-friendly experience in the decentralized finance (DeFi) space.
Aura Finance was founded in 2021 by Kelsey Willock and Courtney Cardin, entrepreneurs with a vision to empower underrepresented individuals on their journey to building wealth in the rapidly evolving DeFi landscape.
The supporters and investors of the project are unknown. For up-to-date investor/backer information, please visit the project's official website.
You can buy Aura Finance (AURA) on CoinEx, Balancer V2, Balancer V2 (Base)Balancer V2 (Gnosis) cryptocurrency exchanges.
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There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Aura Finance (AURA) is ($49,648,036), max supply of Aura Finance AURA is ($100,000,000) and the market cap of Aura Finance AURA is ($9,445,351).
What is the Aura Finance (AURA) price prediction?
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The current market price of Aura Finance (AURA) is $0. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
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