Aura Finance (AURA)
Aura locks up BAL tokens for a full year and issues auraBAL to users in return. AuraBal is a tokenized liquid wrapper of veBAL. It can be seen as the Convex of Balancer.
Basics
History
Audits & Exploits
- Released 3 audits (1-2023).
- Scored 88% on DeFi Safety (3-11-2022):
"Boasting a whopping 88%, Aura finance impressed us, with Admin Controls, testing and security as their best assets, which we also grade in the highest regards. As they clearly do not use oracles, we have voided the later section to provide a fair assessment of the protocol. Starting off with the best points for Aura, the protocol has been audited thrice with multiple pre-launch audits. Moreover, their $1M USD bug bounty allowed Aura to reach 100% in security. Moving onto testing, Aura logs 350% of test-to-code, which is undeniably high. Alongside a great set of tests, admin controls were clearly labelled, with clear links to admin functions as well as Multisig documentation and change capabilities. Their admin control sections were top notch and we have nothing to add to what they have already provided. Our only comment for Aura Finance would be to polish the software function documentation. As we couldn’t find a clear list of what functions contracts call within their software architecture, this would be a great way to complement the already existing docs."
Bugs/Exploits
Governance
Admin Keys
DAO
Treasury
Token
Launch
Token Allocation
Utility
Other Details
Coin Distribution
Technology
- Whitepaper or docs can be found here.
- Code can be viewed here.
Implementations
How it works
- From the Balancer blog (6-9-2022):
"Aura locks up BAL tokens for a full year and issues auraBAL to users in return. AuraBal is a tokenized liquid wrapper of veBAL. It can be staked on Aura to receive a share of Balancer’s revenue from the underlying veBAL and AURA tokens. Users who lock veBAL on Aura lose the voting power that Balancer’s governance token brings. Instead, Aura governance controls this voting power. Users who lock AURA tokens get vlAURA (vote locked AURA). Holders of vlAURA can take part in Aura governance. As Aura grows, other platforms may wish to use it to direct BAL rewards, leading to a multilayered incentive economy. Protocols now compete in bribing AURA holders to vote for their Pools."
Fees
Upgrades
Staking
Validator Stats
Liquidity Mining
Scaling
Interoperability
Other Details
Oracle Method
Their Other Projects
Roadmap
- Can be found [Insert link here].
Usage
- From The Defiant (16-2-2023):
"Deposits in Aura’s smart contracts have jumped 23% during the last 30 days, and the protocol now has $540M in TVL, vaulting it into the top 20 DeFi projects."
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding and Partners
Team
- Full team can be found [here].
Funding
Partners
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