Aurigami is a decentralized money market protocol on Aurora, allowing users to deposit, borrow digital assets, and earn interest efficiently.
This project focuses on building a sustainable financial foundation, expanding liquidity, and optimizing the borrowing experience with a groundbreaking reward model, aiming to become the central money market of the Aurora ecosystem.
MAIN CONTENT
Aurigami provides deposit services and over-collateralized loans on Aurora with over 500 million USD TVL.
The two-token model PLY and PULP creates a sustainable reward mechanism, encouraging users to hold assets long-term.
An experienced team and renowned investors contribute to the development and expansion of the project.
What is Aurigami Finance?
Aurigami is recognized as a top decentralized liquidity protocol on Aurora, allowing users to deposit assets to earn interest or borrow in an over-collateralized manner, thereby maximizing capital efficiency in the ecosystem.
A notable advantage of Aurigami is its ability to support diverse assets and the Rainbow Bridge that helps extend the reach of both EVM and non-EVM chains, providing liquidity and flexibility in DeFi operations.
What are the highlights of the project?
Aurigami has attracted over 500 million USD total value locked (TVL) and nearly 890 million USD in liquidity, establishing a solid position in the Aurora ecosystem.
A solution that helps double gas efficiency along with a safe lending platform, deposited assets have contributed to the sustainable development of DeFi, expanding the Aurora ecosystem comprehensively.
How does the Papermill liquidity mining program work?
The CEO of Aurigami shares that the Papermill program applies the two-token model: PLY and PULP, encouraging users to farm the governance Token PLY through the PULP Token with a linear unlocking mechanism, providing stable and sustainable growth.
The Papermill program provides a sustainable reward mechanism, creating a balance of liquidity between new and long-term users, ensuring that the Token's value is not negatively affected.
Lucas Huang, CEO Aurigami, 2023
This model reduces the risk of mass liquidation when Tokens unlock, while enhancing the opportunity to accumulate reasonably priced PULP, allowing users to trade or hold Tokens more flexibly.
How promising is the new reward model?
The reward model combining the two Tokens PLY and PULP helps increase profitability for long-term Token holders, with a conversion rate of PULP to PLY at 1:1 after 76 weeks, creating incentives for long-term staking and farming within the project.
The model outperforms traditional ve-model solutions by allowing users to trade locked Tokens without losing maximum rights, thereby ensuring stability and sustainable liquidity for the ecosystem.
What is the basic information about Aurigami (PLY) Token?
Token Name: Aurigami
Symbol: PLY
Blockchain Chain: Aurora
Standard: ERC-20, NEP-141
Token Type: Governance
Total Supply: 10 billion PLY
Contract on Aurora: 0x09c9d464b58d96837f8d8b6f4d9fe4ad408d3a4f
Utility of the PLY Token
Governance token, deciding on system issues and project development direction.
Used as rewards for long-term PULP holders and early users.
Promoting community engagement and retention within Aurigami's DeFi platform.
How is the Aurigami (PLY) Token allocated?
Token allocation is clearly defined to ensure that project development funds and liquidity are balanced, including:
Allocation Rate (%) Liquidity Mining 40 Treasury Plan 12.5 Initial Exchange Offering (IEO) 5 Exchange Liquidity 4 Strategic Investor 19.5 Team and Advisors 19
Who are the team and partners of Aurigami?
The Aurigami project development team is led by Lucas Huang, who has extensive experience in the cryptocurrency field, having previously worked at Kyber Network and imToken. EY Tan – co-founder, has a history of financial leadership and blockchain initiatives at listed fintech companies.
The development team consists of 8 elite members with outstanding achievements in Mathematics and Computer Science, providing a combination of technical expertise and comprehensive financial knowledge to build a sustainable foundation.
The strength of Aurigami lies in its multidisciplinary team and reputable investment network, ensuring stable development and global scalability.
Lucas Huang, CEO Aurigami, 2024
Reputable investors include Dragonfly Capital, Polychain Capital, Jump Crypto, Coinbase Ventures, and many other top investment funds, providing essential financial resources and strategic support for the project.
Summary of Aurigami Finance
Aurigami is an important money market platform on the Aurora blockchain, providing borrowing solutions and delivering sustainable profits through a unique two-token mechanism. Support from a strong team and major investors lays the foundation for long-term development, promising to play a key role in the DeFi ecosystem.
To invest effectively, users need to thoroughly evaluate the project's features as well as market trends, thereby making the most reasonable decisions.
Frequently Asked Questions
What is Aurigami?
Aurigami is a decentralized money market protocol on Aurora, allowing users to deposit, borrow digital assets, and earn safe, efficient passive yields.
What role does the PLY Token play in the project?
PLY is the governance and primary reward Token in Aurigami, playing a central role in project decisions and encouraging users.
How does the two-token model increase profitability?
The PLY-PULP model allows users to farm and receive continuous rewards, encouraging long-term holding and reducing sudden sell-offs.
Who is behind Aurigami?
The founding team consists of experienced experts in cryptocurrency and finance, supported by major investors such as Dragonfly and Coinbase Ventures.
Is Aurigami safe?
Aurigami is built on Aurora with strict security measures and is audited by a third party, ensuring safety for users.
Source: https://tintucbitcoin.com/aurigami-ply-la-gi/
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