$355,234 of auraBAL were bought off the market in August. 🔥
Aura earns revenue when Balancer liquidity providers stake their LP tokens on Aura. This revenue comes in the form of BAL tokens, most of which gets converted to auraBAL and staked in the compounder.
Users can earn 35-40% APY on auraBAL via the compounder. This yield consists of trading fees from Balancer, Aura’s platform fees, and AURA emissions.
If you hear someone say, “There haven’t been any new DeFi innovations lately.” let them know that they’re looking for the wrong things.
DeFi innovation in 2024 doesn’t look like the food farms of the past. Mountain is innovating by bringing the risk-free rate onchain in a regulated and transparent manner.
USDM is a stablecoin, backed by US T-Bills, that accrues interest each day, while wUSDM is the interest-earning wrapped version used in DeFi protocols like Aura.
There are countless stablecoins in DeFi, but how many are yield-bearing and fully compliant with regulations?
Bringing safe, transparent, yield-bearing dollars to anyone in the world is pretty innovative, regardless of whether or not it fits the current narrative.
$34M of vote incentives have been distributed to vlAURA holders via Dinero's Hidden Hand marketplace.
Protocols that want deep liquidity on Balancer are willing to pay AURA voters to direct emissions to their pools. These incentives get distributed every two weeks to vlAURA holders.
When deciding which L2 to deploy vlAURA on, a constant consideration of the community was where the users would be. Since then, Base has grown to become the L2 with the most users, by far.
With vlAURA natively available on Base, ~950k daily active users can lock AURA and receive weekly USDC rewards from voting incentives.
Lock before Thursday to be eligible for this week’s rewards!
It’s open for anyone interested in experimenting at the frontier of AMM innovation alongside the Balancer devs and community.
Not sure what hooks are or how they work? You’ll find plenty of resources to assist you, a hackathon specific channel in the Balancer Discord, and office hours every Thursday.
Earn a share of a $17k prize pool, while building something that could gain wide adoption within DeFi!
In this most recent 2-week voting epoch, $253k worth of incentives were distributed to $vlAURA holders via Dinero's Hidden Hand, resulting in a 54% APR or $0.011 per vlAURA.
Another ~$120k in rewards have been distributed to vlAURA holders via Paladin.
In DeFi, you can earn institutional yields before the institutions can access them.
Case in point, @dinero_xyz’s pxETH has been around for ~6 months, while ipxETH, their institutional wrapper will be coming out shortly.
Dinero and Aura have a long history of collaboration. Their Hidden Hand vote market processed $577k in vote incentives for vlAURA holders last month. And their decision to cut the rewards harvester fee from 10% to 0.5% is appreciated by all within the ecosystem.