Question 1

What is Aura Finance (AURAF)?

Accepted Answer

Aura Finance (AURAF) is a decentralised autonomous organisation (DAO) that aims to provide maximised yield opportunities for liquidity providers and DAO stakeholders. Built on top of Balancer, a well-known automated market maker (AMM), Aura Finance leverages the liquidity of Balancer pools to offer enhanced yield farming incentives. The AURAF token is the native governance token of the platform, used to participate in the decision-making process and governance activities within the ecosystem.

Question 2

What is Aura Finance (AURAF) used for?

Accepted Answer

Aura Finance (AURAF) is primarily used for governance within the Aura Finance ecosystem. Holders of AURA tokens can vote on various proposals and decisions that affect the platform, such as parameter changes, new feature implementations, and other crucial updates. Additionally, AURAF tokens can be staked to earn rewards, participate in liquidity pools, and gain a share of the protocol’s fees. By staking AURAF, users can also increase their voting power, further influencing the governance process.

***Although 'AURA' was the ticker assigned at the deployment of the Aura Finance Token's smart contract, it is already in use by another asset that has a larger market presence and higher trading volume on major exchanges. Due to this pre-existing association and to avoid confusion in the marketplace, the alternative ticker 'AURAF' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified.***