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Aura Finance Drives Liquidity and Adoption on the Optimism Network
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Aura Finance Drives Liquidity and Adoption on the Optimism Network

Jul 14, 2023

Aura Finance, a revenue governance platform built on Balancer, has recently expanded its operations to the Optimism network. This move enables its partners, which include stablecoin protocols, lending platforms, bridges, and currency markets, to utilize Aura to boost liquidity and promote adoption. Aura's goal is to bolster the ecosystem and streamline the user experience through support for various protocols and collaboration.

Aura Finance plans

Aura Finance plans to offer enhanced pools for leading lending protocols such as Aave, Tarot Finance, and Sonne Finance. These partnerships aim to boost liquidity and lending capabilities within the ecosystem. Additionally, Aura will establish native token liquidity pools for Beethoven X, further strengthening its liquidity infrastructure.

pStakeFinance is set to launch their ETH LST v2 on Layer2, which will allow for the minting and bridging of LST. By using Aura as their liquidity hub, pStakeFinance can increase LST liquidity on Optimism, improving accessibility for users. Ethos Reserve, a stablecoin protocol, will introduce an Aura ERN Stablepool and an 80/20 bOATH pool. Through Aura’s bootstrapping capabilities and network of utility partners, Ethos Reserve can leverage increased liquidity and expand its cross-chain presence.

QiDao Protocol, known for its diverse collateral options, has integrated with multiple protocols across various chains. By leveraging Aura to enhance liquidity for their stablecoin $MAI, QiDao Protocol aims to attract more borrowers and liquidity providers, further strengthening its ecosystem.

Aura will also support boosted pools from lending protocols such as Aave, Tarot Finance, and Sonne Finance. These partners may consider incentivizing deposits into these boosted pools to increase Total Value Locked (TVL). In addition, long-standing partners such as Lido Finance, Rocket Pool, Stargate Finance, and Inverse Finance will join Aura’s launch on Optimism, contributing to the growth and success of the platform.

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