Aura Finance (AURA) converter and calculator

What is Aura Finance (AURA)?

Aura Finance is a protocol that maximizes incentives for BAL stakers and Balancer liquidity providers. It achieves this by aggregating BAL deposits and Aura's native token through social aggregation. Aura provides BAL stakers with an easy onboarding process to veBAL by creating a tokenized wrapper token called auraBAL. This token represents the 80/20 BPT locked up for the maximum time in VotingEscrow. Staking auraBAL allows users to receive existing rewards (BAL and bbaUSD) from Balancer, a share of any BAL earned by Aura, and additional AURA. While the minting process is irreversible, users can trade their auraBAL back to BAL through an incentivized liquidity pool. For liquidity providers, Aura simplifies the deposit process into the Balancer gauge system, providing a smooth onboarding process for all Balancer gauge deposits. With Aura, depositors can achieve a high boost through the protocol owned veBAL while also accumulating additional AURA rewards.

How does Aura Finance (AURA) Work?

The Aura team is taking steps towards full on chain governance by implementing vote delegation through the Vote Locked Aura contract. However, to ensure safety until the Aura voter base matures, they will be using a safer method for executing governance decisions.

Phase 1 of this method involves using the Snapshot page for all aspects listed above. To participate in snapshot voting, community members must lock their AURA and delegate it (self delegation is permitted). Results of the snapshot proposals will be executed by one of two multisigs - the Protocol Multisig for internal proposals and Gauge votes, and the Treasury Multisig for treasury decisions.

Phase 2 will involve transitioning this mechanism on-chain through Governor Bravo in the future, provided it is technically feasible and secure. Internal governance proposals such as setting fee rates and managing the Aura treasury can be moved on-chain with Governor Bravo implementation once the vote distribution is sufficiently mature. For Balancer Gauge voting, custom smart contracts can be used, and the solution may be deployed on a cheaper L2 to reduce gas costs involved in voting for gauges each week.

What is the AURA Token?

AURA serves as a valuable tool for incentivizing and governing the ecosystem. Through the use of locked AURA tokens, users are granted governance rights within the system, allowing them to vote on both internal proposals and the protocol-owned veBAL voting power.

Conclusion

In recent times, cryptocurrencies such as Aura Finance Token have revolutionized the financial landscape, providing users with a unique blend of cutting-edge technology and responsive financial instruments that offer unprecedented freedom, control, and power. This places Aura Finance Token at the forefront of the emerging decentralized finance space, which promises to reshape the way we view and manage our finances, ushering in a new era where digital currencies will play a critical role.