Aura Finance is a DeFi protocol built on the Balancer platform that provides maximum incentives to liquidity providers and BAL token holders. Aura Finance utilizes social aggregation of BAL deposits and its native token, AURA, to enhance rewards and governance within the Balancer ecosystem.
Aura Finance has achieved significant milestones, including reaching over $540 million in total value locked (TVL) as of July 2023, becoming a Top 20 DeFi protocol on Ethereum, developing multiple protocol ecosystem integrations, and establishing a substantial veBAL voting share.
Aura Finance simplifies depositing into the Balancer gauge system for liquidity providers. It provides a streamlined onboarding procedure, allowing depositors to achieve a high boost through the protocol-owned veBAL. Additionally, participants can earn additional AURA rewards for their liquidity provision activities.
The AURA token plays a crucial role within the Aura Finance ecosystem as a governance tool and an incentive mechanism for participants. Locked AURA tokens have voting rights on internal proposals and veBAL voting. They also contribute to the governance decisions within the system.
