Aura

Yield Aggregator

Aura is a protocol built on top of Balancer (similar to Curve-Convex). It serves to maximize yield for BAL stakers and liquidity providers on Balancer by pooling investments across users.

Risk Rating
Good
Protocol Code Quality
Protocol Maturity
Protocol Design
Summary
What we like
Aura abstracts away the complexities involved with the Balancer gauge system by providing a simple onboarding process with its tokenized wrapper of BAL.
What we like less
The team remains anonymous, with admin functions guarded by a solid 4/7 multisig consisting of Aura contributors and prominent DeFi community members.
What it means for you
Aura allows depositors to achieve a high boost through the protocol owned veBAL, while also accumulating additional AURA incentives.

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Information
Info
  • Website
  • Token: AURA
  • Tags: Yield Aggregator
Key Metrics
  • TVL: $265.9M (Rank #48)
  • TVL Ranking by Yield Aggregator: #0
  • Blockchain: Ethereum, Base, Arbitrum, Polygon zkEVM, xDai, Polygon, Optimism, Avalanche
  • Chain TVL
    • Ethereum: $260.13M
    • Base: $4.45M
    • Arbitrum: $1.02M
    • Polygon zkEVM: $256.49K
    • xDai: $5.13
    • Others: $0
Risk Assessment
Good
Protocol Code Quality
  • Code reviewed by several experienced auditors including PeckShield, code4rena, and Halborn
  • Anonymous team reduces transparency
  • No documented protocol hacks since launch
Protocol Maturity
  • Core protocol launched in 2022; maturity over one year minimizes technical risk as smart contracts are well battle-tested
  • Top 5% by total value locked reduces risk
  • Core contracts require on-chain voting for parameter updates
  • Multisig consists of at least 4 signers, which means the protocol is less susceptible to centralization risks
  • Low voting power concentration reduces risk
Protocol Design
  • No death spiral concerns
  • This protocol is susceptible to risks related to yield optimizers which deploy custom strategies to automatically manage user funds
Things to know about Aura

How Aura works

Aura is a protocol built on top of Balancer to incentivize liquidity providers and BAL stakers through socialized aggregration of BAL and its native AURA token. Aura provides BAL holders with an easy onboarding process to receive veBAL rewards through its tokenized wrapper auraBAL. This token can be staked to receive existing rewards and a share of any fees earned by Aura. For LPs, Aura simplifies the process of depositing into the Balancer gauge system while still earning high rewards through veBAL boosting. Balancer Pool Tokens (BPTs) are the LP tokens that users receive when depositing assets into a liquidity pool on Balancer, which can then be staked in the gauge system to earn BAL rewards. Depositors may receive up to a 2.5x boost based on their veBAL balance. Aura offers users the ability to continue receiving trading fees but at a higher yield due to the protocol owned veBAL.

How Aura makes money

Aura charges a total fee of 25% on all BAL revenue generated by Balancer LPs on their platform. Of this amount, 20.5% goes to auraBAL stakers (paid in BAL), 4% goes to AURA lockers (paid in auraBAL), 0.5% goes to the harvest caller (paid in BAL). Fees are only token from BAL revenue from LP staking, and there is a fee ceiling of 25%. No fees are taken from tokens from the auraBAL pool or veBAL admin fees.

How you make money on Aura

You can deposit BAL in exchange for auraBAL, which can then be staked to receive 20.5% of all BAL revenue generated by LPs (paid out as BAL) on the Aura platform. AURA lockers also receive 4% of fees (paid out as auraBAL).

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Aura Pools
Aura USD Market Making
0%
Yield
~
TVL
Risk
C
Protocol
Aura
Chain
Ethereum
Aura ETH Market Making
6.3%
Yield
$13M
TVL
Risk
B
Protocol
Aura
Chain
Ethereum
Aura ETH Market Making
2.1%
Yield
$9M
TVL
Risk
C
Protocol
Aura
Chain
Ethereum
Aura ETH Market Making
3.8%
Yield
$7M
TVL
Risk
C
Protocol
Aura
Chain
Gnosis
Aura USD Market Making
25.2%
Yield
$7M
TVL
Risk
C
Protocol
Aura
Chain
Ethereum
Aura RPL-ETH Market Making
5.5%
Yield
$6M
TVL
Risk
B
Protocol
Aura
Chain
Ethereum
Aura ETH Market Making
7.9%
Yield
$4M
TVL
Risk
C
Protocol
Aura
Chain
Optimism
Aura ETH Market Making
9.3%
Yield
$4M
TVL
Risk
C
Protocol
Aura
Chain
Ethereum
Aura AURA-ETH Market Making
38.3%
Yield
$4M
TVL
Risk
B
Protocol
Aura
Chain
Ethereum
Aura ETH Market Making
32.9%
Yield
$3M
TVL
Risk
D
Protocol
Aura
Chain
Ethereum

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