Aurigami is a decentralized, non-custodial native money market on the Aurora Network, the Ethereum Virtual Machine (EVM) chain of the NEAR Protocol. Launched in late 2021, Aurigami enables users to lend, borrow, and earn interest on their digital assets within a gamified ecosystem.
Up-to-date Aurigami news
- Aurigami raised a total of $12 million through private and public sales to expand its Aurora-based lending protocol.
- Aurigami played a crucial role in identifying and solving a critical gas limit issue that hampered the Aurora network.
- The platform supports assets such as ETH, Wrapped BTC, and stablecoins like USDC and USDT.
- Aurigami introduced the concept of Liquid Locked Tokens (LLT) to align long-term interests between users and the protocol.
- The protocol has established itself as one of the leading platforms on Aurora, with over $900 million in total value locked.
Tokenomics of PLY
The native token of the Aurigami platform is PLY, designed to incentivize ecosystem participants and align various stakeholders within the Aurigami ecosystem. PLY operates on the Aurora Network, an EVM-compatible chain built on the NEAR Protocol. The total supply of PLY is 10 billion tokens, allocated as follows:
- Liquidity Mining: 40%
- Strategic Investors: 19.5%
- Team: 19%
- Treasury: 12.5%
- Initial Exchange Offering: 5%
- Exchange Liquidity: 4%
PLY holders, referred to as #Papeurhands, have governance rights within the ecosystem, allowing them to participate in decision-making processes.
Key features of Aurigami (PLY)
Aurigami distinguishes itself through several unique features that enhance user experience and protocol efficiency:
- Liquid Locked Tokens (LLT): Aurigami pioneered the concept of LLTs, specifically PULP, representing locked PLY tokens. This innovation allows users to trade or exchange locked tokens, providing liquidity and flexibility while aligning long-term interests between users and the protocol.
- Gamified Ecosystem: The platform incorporates gamification elements to make lending, borrowing, and earning interest more engaging and interactive for users.
- Wide Asset Support: Aurigami supports major assets within the Aurora ecosystem, including ETH, Wrapped BTC, USDC, and USDT, offering users diverse options for lending and borrowing.
- High Total Value Locked (TVL): The protocol has established itself as one of the leading platforms on Aurora, with over $900 million in total value locked, indicating strong user trust and participation.
Use cases for Aurigami (PLY)
- Earning passive income: Depositors can supply assets to the protocol and earn interest based on market borrowing demand.
- Over-collateralized borrowing: Users can borrow assets by providing collateral, enabling them to leverage their positions or access liquidity without selling their holdings.
- Governance participation: PLY holders can engage in protocol governance, influencing decisions related to platform development and operations.
- Trading Liquid Locked Tokens: Users can trade PULP tokens, representing locked PLY, to manage their investment strategies and liquidity needs.
The average fees on the Aurigami Network
While specific gas fees on the Aurigami Network are not provided, user experiences suggest that fees are relatively low, benefiting from the Aurora Network's scalability and efficiency. This allows for cost-effective transactions and interactions within the Aurigami ecosystem.
The PLY token wallets
Several wallets support PLY tokens, providing users with secure storage and management options:
- MetaMask: A popular Ethereum wallet that can be configured to support the Aurora Network, allowing users to manage PLY tokens.
- Trust Wallet: A mobile wallet that supports various cryptocurrencies, including those on the Aurora Network, enabling users to store and manage PLY tokens.
- Ledger: A hardware wallet offering secure storage for cryptocurrencies, compatible with the Aurora Network through integrations.
- MathWallet: A multi-platform wallet supporting numerous blockchains, including Aurora, allowing users to manage PLY tokens.
- Coin98 Wallet: A DeFi-focused wallet that supports the Aurora Network, enabling users to store and interact with PLY tokens.
These wallets provide users with flexibility and security in managing their PLY holdings.
For those interested in acquiring or exchanging PLY tokens, SwapSpace offers a seamless platform to perform Aurigami (PLY) swaps. With user-friendly features and competitive rates, SwapSpace facilitates efficient Aurigami (PLY) exchanges, allowing users to capitalize on opportunities within the Aurigami network.
