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Summary of Aura BAL
- Aura BAL is a liquid wrapper for veBAL.
- Users deposit 80/20 BAL/WETH BPT and receive liquid auraBAL at a 1:1 rate.
- The deposited BPT is locked up by Aura protocol in Balancer Voting Escrow for the maximum time.
- The locked BPT allows Aura to benefit from its voting power for boosting rewards and voting for gauges.
- Figures mentioned: 80, 20, 1:1.
About Aura BAL: Empowering the Future of Decentralized Finance
AuraBAL is a liquid wrapper for Balancer’s veBAL, effectively bridging the gap between the two. By depositing their 80/20 BAL/WETH BPT, users can seamlessly receive liquid auraBAL, thereby circumventing the non-transferrable veBAL. Notably, tokenized auraBAL is issued to the user at a 1:1 ratio with veBAL, allowing for unhindered trading on Balancer or other platforms.
This BPT is subsequently locked by the Aura protocol for the maximum duration within the Balancer Voting Escrow, thereby enabling the Aura system to leverage its voting power to amplify rewards and cast votes for gauges.