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Aura
Question
cryptoHugo
@voz64fish · Oct 24, 2023, 10:41
What kind of defi is Aura Finance?
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Comments (1)
UralArt
@uralart · Oct 24, 2023, 11:18
Aura Finance leverages the DeFi protocol Balancer,
offering users more substantial gains than operating directly with stablecoins on Balancer.
The reasons are:
1.
Liquidity providers for stablecoins receive additional profits in the form of Aura tokens.
2.
By funneling assets through Aura, users earn more BAL rewards due to boosted deposits, surpassing what individuals would get from depositing directly into Balancer.
*This model is akin to how Convex works in relation to Curve Finance.
offering users more substantial gains than operating directly with stablecoins on Balancer.
The reasons are:
1.
Liquidity providers for stablecoins receive additional profits in the form of Aura tokens.
2.
By funneling assets through Aura, users earn more BAL rewards due to boosted deposits, surpassing what individuals would get from depositing directly into Balancer.
*This model is akin to how Convex works in relation to Curve Finance.
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