AURA Aura Finance

Use Case of Aura Finance

Aura Finance is designed to maximize returns for liquidity providers and stakers on the Balancer DeFi protocol. Here are the key aspects of its use case:

• Liquidity Provision: Aura Finance aggregates BAL token deposits socially, which allows for higher returns compared to individual deposits on the Balancer platform.
• Staking: Users can stake tokens to receive existing rewards from Balancer, including BAL and USDC, plus additional AURA tokens.
• Tokenized Wrapper: Aura Finance creates a tokenized wrapper token called auraBAL, which represents the 80/20 BPT locked up for the maximum time in VotingEscrow. This can be staked to receive rewards and can be traded back to BAL through an incentivized liquidity pool.
• Maximizing Returns: By socially aggregating deposits, Aura Finance offers returns several times higher than investing directly in Balancer, making it an attractive option for maximizing DeFi yields.
• Governance: Aura Finance uses an on-chain DAO model for governance, encouraging community participation and improving security through external audits and self-custody of assets.

Pros of Aura Finance

• Higher Returns: Aura Finance offers higher returns for liquidity providers on the Balancer ecosystem compared to direct investments on the platform. By staking auraBAL tokens, investors can earn returns at a rate significantly higher than direct deposits to Balancer.
• Convenience: Depositors can invest in both Aura and Balancer simultaneously, saving time and effort in managing multiple portfolios. A deposit into Aura is essentially an investment in both Aura and Balancer.
• Self-Custody and Security: Aura Finance provides self-custody of assets, enhancing security. The platform also conducts external audits to alleviate investor concerns.
• Governance: Aura Finance uses an on-chain DAO model for governance, encouraging community participation and decentralized decision-making.
• Efficient Use of veBAL: Aura Finance leverages veBAL to increase rewards for liquidity providers without requiring them to lock their tokens, making it more accessible and efficient.

Cons of Aura Finance

• Performance Fees: Liquidity providers who stake their positions on Aura pay a 22.5% performance fee on the BAL emissions they receive.
• Loss of Voting Rights: auraBAL holders forfeit their right to vote on which pools receive BAL incentives in return for additional yield and a liquid token.
• Dependence on Balancer: Aura Finance is tightly connected with Balancer, meaning its performance is heavily influenced by the Balancer ecosystem.

Founders of Aura Finance

The founders of Aura Finance are Kelsey Willock and Courtney Cardin. They established the company with the goal of transforming personal financial management by providing innovative, intuitive, and inclusive financial tools and education. Their mission is to empower millions to achieve their highest financial, emotional, and mental potential, aiming to make the world healthier and wealthier.

Investors in Aura Finance

Aura Finance has secured investments from various notable entities and individuals, including:

• Techstars: A well-known accelerator program.
• The Managing Director of JP Morgan Private Wealth: Bringing expertise from traditional finance.
• The CEO of Gaingels: A prominent figure in the investment community.
• Senior Director at Visa: Contributing experience from the payment industry.
• Taylor Price: A finance influencer with a significant following on TikTok.

Additional Information

Aura Finance is not to be confused with other entities named "Aura" in different industries, such as Aura Network Systems, which focuses on aviation communication networks, or Aura Network, which is involved in blockchain and NFT technologies. The specific investors mentioned above are associated with Aura Finance, a financial wellness and wealth management platform.

Halal Status of Aura Finance

• Halal Status: Yes
• Reason: Aura Finance is listed as "Comfortable" in halal reports, indicating that it aligns with Islamic finance principles.