Aura BAL
This is a liquidity wrapper token for Balancer vote-escrowed tokens. The protocol allows users to deposit their 80/20 BAL/WETH BPT, and receive a transferable version of this wrapper token rather than non-transferable vote-escrowed tokens. The tokenized wrapper token is issued to users at a ratio of vote-escrowed tokens 1:1 and can be traded on Balancer or elsewhere. Subsequently, the BPT is locked by the protocol in Balancer's vote-escrow mechanism for the maximum duration, enabling the system to benefit from its voting power to boost rewards and vote for liquidity pools.
Overview
This is a liquidity wrapper token for Balancer vote-escrowed tokens. The protocol allows users to deposit their 80/20 BAL/WETH BPT, and receive a transferable version of this wrapper token rather than non-transferable vote-escrowed tokens. The tokenized wrapper token is issued to users at a ratio of vote-escrowed tokens 1:1 and can be traded on Balancer or elsewhere. Subsequently, the BPT is locked by the protocol in Balancer's vote-escrow mechanism for the maximum duration, enabling the system to benefit from its voting power to boost rewards and vote for liquidity pools.
Team
Team information has not been disclosed.
Funding history
0 disclosed roundsNo disclosed funding records.
Related news
Market updates
No related market updates.
People updates
No related people updates.