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Showing posts from July, 2022
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 Aura finance is a Convex finance like protocol created for Balancer fi, to START WITH.  It’s a lot like convex but one of the issues with convex is that most of the supply has been distributed already, while Aura Finance still can emit a lot of Aura tokens to possibly accumulate another protocol in the future that isn't balancer on top of what they have already, which is significant. 26% of veBAL has been locked into Aura in just a few weeks since the liquidity bootstrapping phase (LBP).  Convex can be best described as a megadao, optimisation of other daos.  Originaly it started off solely focussed on $CRV, while Aura finance clearly has a broader then 1 protocol focus from the get go.  Aura Finance has impressive devs and advisors, 0xMaki, famed from Sushi protocol and Tetranode is also involved as an advisor on the board. Tetranode projects ftw!  The original intention of Aura Finance is to accumulate Balancer voting power (veBAL), but as they say on ...