Aura Finance — a protocol, built on top of the Balancer system, to provide maximum incentives to Balancer liquidity providers and BAL (in veBAL) participants through the social aggregation of BAL deposits and the native Aura token.
Description of the Aura Finance project
For BAL stakers, Aura provides a seamless connection process to veBAL by creating a tokenized shell token, called auraBAL, which is 80/20 BPT, locked for maximum time in VotingEscrow. This can be done to receive existing rewards (BAL and bbaUSD income) from Balancer, in addition to the Aura system income in the form of BAL and additional AURA. Users can exchange their auraBAL back for BAL at any time.
Aura allows contributors to earn high returns with protocol-owned veBAL as well as accumulate additional AURA rewards.
Distinctive features:
| 1. | Manage Aura community direction, treasury and protocol and change system settings. |
| 2. | Sell your voting rights on the secondary market. |
| 3. | Use protocol-owned veBAL to vote on Balancer proposals via meta-governance. |
The AURA token acts as a governance and incentive tool in the ecosystem. Locked AURA tokens will have governance rights in the system and will be able to vote, using the protocol’s veBAL voting power, as well as internal proposals.
A blocked AURA will make it easier to manage the Aura protocol. Those who block their AURA will be able to participate in all decisions, related to the formation of the protocol. Use the power of Aura to create exciting products. Aura pools support the ERC-4626 standard for composition optimization.
Additional features
Aura allows users to continue to receive their trading fees, but at a higher APY due to the Aura protocol, being owned by veBAL. At the same time, LP Aura will benefit from native protocol tokens (AURA) in the form of rewards. Aura provides users with the opportunity to maximize their BPT revenue by offering access to a protocol governance token with a significant veBAL economic weight.
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