Latest Aura BAL updates on February 22nd

AuraFinance is making it easier to obtain auraBAL and expanding its range of LSD products with the integration of @CoWSwap and @1inch. Moreover, @SturdyFinance is expanding the range of LSD products built on top of Aura. Furthermore, 33,000 new auraBAL has been minted and staked this week and the veBAL share is now at an all-time high. Additionally, with the launch of the Ethereum’s Shanghai upgrade, LSD tokens are proving to be one of the best options to take advantage of yields. Lastly, with the imminent launch of new gauges in the @Balancer ecosystem, Aura is taking its next steps.

What is Aura BAL ?

Introducing Aura-Bal: The Next Generation of Decentralized Finance (DeFi)

Aura-Bal is a revolutionary new platform that brings together the best of two worlds: DeFi and Balancer. It combines the power of the Balancer protocol with the flexibility of the Aura platform to create a highly efficient and secure DeFi system. With Aura-Bal, users can maximize their yield potential and governance power while also providing liquidity on Balancer and depositing their Balancer Pool Tokens (BPTs) into Aura.

At its core, Aura-Bal is a decentralized platform that allows users to lock in their AURA tokens to receive voting power and govern the protocol. This gives users the opportunity to direct incentives to Balancer gauges using the system’s veBAL. Additionally, users can convert 8020 BAL ETH BPT into auraBAL to receive all existing veBAL rewards (BAL + bb-a-USD), in addition to a share of system revenue in BAL, plus AURA. Staking auraBAL also helps contribute to the success and power of the Aura protocol.

In addition to providing liquidity and staking rewards, Aura-Bal also allows users to harness the power of the platform to build exciting products. Through the use of the ERC-4626 standard, users can optimize composibility and create unique products that can be used to maximize their yield potential and governance power.

For those looking to get involved, the Aura-Bal community is the perfect place to get started. The community’s Discord and Twitter are the best places to stay up to date on all of Aura’s latest developments. Additionally, users can take part in the community-led, decentralized governance to control the direction of the Aura community, treasury, and protocol as well as vote on Balancer proposals through meta governance.

All in all, Aura-Bal is an exciting new platform that opens up a world of possibilities for users. With its combination of powerful features, users can maximize their yield potential and governance power while also building exciting products and taking part in the Aura-Bal community. If you’re looking to get involved in the world of DeFi, Aura-Bal is a great place to start.

This article was published on 2023-01-29 by Marc Endevor. Information shown in this article was gathered from the project’s website and Twitter account. Coinvestigate cannot guarantee the accuracy of this information, or any news that may have impacted the project in the meantime.