🧵 Protocol of the Day: @AuraFinance
Aura is a yield optimizer built on top of Balancer that helps LPs and BAL stakers earn boosted rewards by aggregating veBAL and simplifying the staking process.
âś… Pros:
• Simplifies complex veBAL mechanics through tokenized wrappers like auraBAL
• Battle-tested—live since 2022 with audits from PeckShield, code4rena, and Halborn
• Decentralized design—on-chain governance and low voting power concentration
⚠️ Risks:
• Anonymous team – Limits transparency and accountability in governance and development
• Smart contract risk – Custom strategies for automated yield carry the usual DeFi vulnerabilities
• Revenue dependency – Yield depends on sustained BAL incentives and Balancer ecosystem activity
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