Description
Aura Finance is a DeFi protocol built on top of Balancer V2, aiming to enhance yields for liquidity providers through boosted rewards. It allows users to lock AURA tokens to receive veAURA, which grants a share of the protocol's revenue and boosts in liquidity mining rewards. By aggregating voting power, Aura Finance optimizes and increases returns from Balancer’s liquidity mining programs, distributing maximized BAL rewards to veBAL holders. The protocol introduces auraBAL, a liquid wrapper of veBAL, facilitating easier access to boosted rewards and governance power. Users can deposit Balancer LP tokens to mint auraBAL and receive enhanced incentives without active management. Aura strategically aligns incentives between liquidity providers, governance token stakers, and voters, utilizing voting power to benefit the entire ecosystem.
Aura Finance is a DeFi protocol built on top of Balancer V2, aiming to enhance yields for liquidity providers through boosted rewards. It allows users to lock AURA tokens to receive veAURA, which grants a share of the protocol's revenue and boosts in liquidity mining rewards. By aggregating voting power, Aura Finance optimizes and increases returns from Balancer’s liquidity mining programs, distributing maximized BAL rewards to veBAL holders. The protocol introduces auraBAL, a liquid wrapper of veBAL, facilitating easier access to boosted rewards and governance power. Users can deposit Balancer LP tokens to mint auraBAL and receive enhanced incentives without active management. Aura strategically aligns incentives between liquidity providers, governance token stakers, and voters, utilizing voting power to benefit the entire ecosystem.
