Aura Finance (AURA)

Aura Finance (AURA) is a pioneering cryptocurrency that aims to enhance the yield potential and governance power of decentralized finance (DeFi) stakeholders. Their initial focus is on the Balancer platform. By locking veBAL shares and depositing Balancer Pool Tokens (BPTs) into Aura, users can earn trading fees from Balancer, boost BAL rewards, and use AURA tokens. In addition, voting power can be obtained by locking AURA tokens, allowing users to actively participate in governing the Aura protocol.

Through Aura Finance, users can convert specific BAL ETH BPT into auraBAL and receive various rewards, including veBAL rewards, system revenue in BAL, and AURA tokens. By staking auraBAL, users contribute to the success and influence of the Aura protocol. The Aura platform also supports the ERC-4626 standard, enhancing compatibility and allowing users to build exciting products using Aura’s power.

Aura Finance prioritizes community-led and decentralized governance, giving users control over the direction of the Aura community, treasury, and protocol. They can also influence the distribution of Balancer incentives by voting on Balancer gauges. Furthermore, Aura utilizes veBAL tokens to vote on Balancer proposals through meta governance. The project is committed to security and is undergoing audits to ensure a robust and trustworthy platform.