Aurigami PLY Price

What is Aurigami (PLY)?

Aurigami (PLY) is a decentralized, non-custodial liquidity protocol built on the Aurora network, which operates on the NEAR protocol. PLY is the native governance token of the Aurigami ecosystem, and it plays a crucial role in the platform's development and decision-making.

Key Features of Aurigami (PLY)

1. Governance Token:
   PLY allows its holders to participate in the governance of the Aurigami platform. Token holders can vote on proposals that shape the direction and development of the protocol.
2. Lending and Borrowing:
   Aurigami offers users the ability to lend, borrow, and earn interest on their digital assets. Depositors can earn passive income by providing liquidity, while borrowers can take loans in an over-collateralized manner, ensuring security for all participants.
3. Liquidity Mining:
   A portion of the PLY token supply is reserved for liquidity mining, where users who provide liquidity to the platform are rewarded. This helps incentivize active participation in the protocol.
4. Incentive Programs:
   Aurigami features programs like "The Papermill," which combine game theory and economic models to reward users for holding onto their PLY tokens for longer periods.

Tokenomics of PLY

• Total Supply: PLY has a fixed supply of 10 billion tokens.
• Allocation: Tokens are distributed for various purposes, including liquidity mining, team and advisor rewards, ecosystem development, and public sales.

Unique Features of Aurigami

1. Self-repaying Loans:
   Aurigami allows users to use yield-bearing assets as collateral. This feature can potentially offset loan interest through the yield generated from the collateral itself.
2. Undercollateralized Lending:
   Aurigami aims to increase capital efficiency by offering options for lending with less collateral than what is typically required in other DeFi platforms.
3. Ecosystem Integration:
   Aurigami is designed to be a central protocol within the Aurora ecosystem, offering a wide range of financial services, including lending, borrowing, and yield generation.

Conclusion

Aurigami (PLY) is an innovative DeFi protocol that enhances the financial ecosystem by providing decentralized lending, borrowing, and liquidity solutions. With its governance features, incentive programs, and unique lending options, Aurigami aims to make DeFi more accessible and efficient for all users.

What is unique about Aurigami (PLY)?

Aurigami (PLY) stands out for its innovative features like self-repaying loans, undercollateralized lending, and liquidity mining rewards, providing a decentralized finance (DeFi) platform with high capital efficiency and incentivizing long-term token holding through its unique incentive programs like "The Papermill."

Who are the founders of Aurigami (PLY)?

The specific founders of Aurigami (PLY) are anonymous, but the platform is designed to be a decentralized, non-custodial liquidity protocol on the Aurora network.

Where can I buy Aurigami (PLY)?

 Trisolaris