Even at 2 gwei, many are priced out of vlAURA on Ethereum. It can get expensive to vote and collect incentives.
With vlAURA now live on Base, gas fees aren’t an issue.
Simply lock AURA on Base, receive USDC every week, and await the Hyperlock Finance airdrop.
There’s also a new AURA/USDC pool on Base, built on Balancer and using Gyroscope’s E-CLP technology. Starting Thursday, this pool will receive 15k AURA per week.
Have you noticed the fantastic yields on PAR and paUSD on Aura? 5 pools are earning between 27%-38% APR.
Both PAR and paUSD are overcollateralized stablecoins by Parallel Protocol.
PAR is a Euro stablecoin and paUSD is sort of obvious.
Parallel Protocol is governed by vMIMO, which has two MIMO-WETH pools on Aura, earning 57% and 107% APR.
How is the protocol able to support so many different pools with such high yields? Their large stack of 585,913 vlAURA enables them to effectively direct incentives to their pools.
Although it’s no longer the hyped crypto narrative, DeFi protocols are still shipping and becoming increasingly resilient and sustainable.
@AlchemixFi, the pioneers of self-repaying loans, have been building through the DeFi bear market.
ALCX emissions have fallen below 5% as their ALCX pool has reached sustainability.
Alchemix utilizes Aura for its ALCX-WETH liquidity. Combining the 80/20 pool design, status as a core pool, protocol-owned liquidity and vlAURA, they can offer sustainable incentives to LPs.
40% yield on stables not enough? What about with 5x SPIN points from Gyroscope?
How? GYD pools on 0xPolygon zkEVM 👀
You may be familiar with Gyroscope, the AMM built on top of Balancer, as it already accounts for 23 pools on Aura. But did you know Gyroscope also built GYD?
GYD is a USD stablecoin designed with the philosophy that resiliency is most important. Similar to how isolated lending markets separate risks of failure to one market, GYD isolates stablecoin risks into separate vaults. Each vault aims to have as little overlap with other vaults; that way, if something fails somewhere in the DeFi stack, it won’t impact the entire reserve.
GYD pools on Polygon zkEVM are especially juicy. Here’s how to earn high APR + SPIN on your stables.
Stablecoin yields onchain have been great, but for most people it’s a huge pain to go from onchain farming to offchain spending.
@GnosisPay removes this friction so you can spend money anywhere Visa is accepted using an onchain address (without paying gas fees!).
They issue a self-custodial Visa debit card linked to your Safe wallet. So it feels like any other debit card, but you don’t need to deal with offramping into a bank account.
You can go from earning 17% on sDAI-EURe with Aura on @GnosisChain to spending money at a supermarket almost instantly.
Currently, Gnosis Pay is only available for Europeans, but support for more countries is coming soon.
vlAURA consistently yields 50%+ APR❗ vlAURA holders will also receive 11% of the Hyperlock Finance token supply‼️
For many users, there has been one large barrier to entry - vlAURA is only available on Ethereum Mainnet. With bi-weekly voting rewards, gas costs for regular users are prohibitively expensive.
A recent forum post aims to change this.
The proposal would deploy the Aura Locker (vlAURA) on Base, along with AURA liquidity and auraBAL staking.
What about vote incentives? Users could delegate to Paladin and receive voting rewards directly as USDC on Base. Alternatively, users could still delegate to Hidden Hand or vote themselves, but that’d require claiming rewards on other chains.
This proposal would not only make vlAURA yields available to a much wider user base, but also opens up an avenue for those wanting to earn a share of the Hyperlock airdrop.
The Balancer v3 codebase was released to the public, bringing us one step closer to launch. Congrats to everyone involved in this huge milestone!
What next?
Now, gigabrains from all over will dissect the code, imagining new protocols to build on top of v3 and searching for issues or improvements.
As always, security is the top priority at Balancer and Aura. In about 6 weeks, the codebase will be frozen and rigorous rounds of audits and code competitions will begin. The aim remains for v3 to launch in Q4 this year.
The future is bright!
Build on Balancer 🛠️ Amplify your Liquidity on Aura 🌊
As part of Arbitrum’s STIP program, 50k ARB tokens will flow into various Balancer pools weekly for 12 weeks.
That means lots of juicy opportunities for Aura LPs.
Let’s see how the yield components stack up using EtherFi’s weETH-wstETH E-CLP pool as an example. ⬇️
LPs earn:
Yield from ETH staking as the pool is 100% yield-bearing EIGEN and EtherFi points on the percentage of the pool made up of weETH AURA and BAL emissions from gauge votes ARB incentives from Balancer’s ARB grant ARB incentives from EtherFi’s ARB grant ARB incentives from GyroScope’s ARB grant Regular trading fees in the pool