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   * Gitbook
 * $AURO
   * Token Analytics
   * Get Token
 * Community
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 * Documents
   * Gitbook
 * $AURO
   * Token Analytics
   * Get Token
 * Community
   * Twitter
   * Telegram


Launch App


SELF-REPAYING LOANS FOR YOUR LSD TOKENS


GET SELF REPAYING, 0% INTEREST LOANS ON YOUR
LSD TOKENS WITHOUT ANY RISK OF LIQUIDATION.

CA: 0X0123456789

Use Aurora





SELF REPAYING


THE YIELD GENERATED BY YOUR COLLATERAL WILL AUTOMATICALLY REPAY YOUR LOAN FOR
YOU, SO YOU DON'T NEED TO WORRY ABOUT REPAYMENTS.


0% INTEREST


SAY GOODBYE TO HIGH INTEREST RATES AND HELLO TO OUR 0% INTEREST LOANS. THE
PROTOCOL ONLY TAKES A SMALL FEE FROM THE YIELD EARNED, NEVER FROM YOUR
PRINCIPAL.


NO LIQUIDATIONS


RELAX! BORROWING A SYNTHETIC VERSION OF THE ASSET YOU DEPOSIT AS COLLATERAL
REMOVES THE RISK OF LIQUIDATION.


FLEXIBILITY


LEVERAGE THE POWER OF LSD TOKENS TO ACCESS MONEY TODAY WITHOUT SELLING YOUR
ASSETS. YOU CAN ALSO REPAY YOUR DEBT AT ANY TIME.


HOW AURORA WORKS

Hover over a node for more info.












HOW AURORA WORKS




USER DEPOSITS LIQUID STAKED DERIVATIVE (LSD) TOKEN OR ETH AS COLLATERAL.


IF THE USER DEPOSITS ETH, THE SWAPPER CONTRACT WILL CONVERT IT INTO THE LSD
TOKEN OF THEIR CHOICE .


THE LSD VAULT STORES THE USERS LSD AND USES THE YIELD GENERATED TO REPAY THE
LOAN .


THE ZETH CONTRACT SENDS AURORA'S SYNTHETIC ETH (ZETH) TO THE USER.


THE LOAN IS AUTOMATICALLY REPAID USING THE YIELD GENERATED BY THE LSD TOKENS. AT
MATURITY, THE USER RECEIVES THEIR ENTIRE COLLATERAL BACK.




AURO TOKEN




REAL YIELD


STAKE YOUR AURO TO EARN A SHARE OF PROTOCOL REVENUE PAID IN ETH.


DEFLATIONARY


70% OF THE TOTAL SUPPLY OF AURO WILL BE BURNED, LEAVING A MAX SUPPLY OF 30.6M.


GOVERNANCE


LEVERAGE THE POWER OF YOUR TOKENS TO HELP SHAPE THE FUTURE OF AURORA.


FAIR LAUNCH


AURO HAD A FAIR LAUNCH WITH NO PUBLIC OR PRIVATE SALE.

Learn More
Get $AURO


ROADMAP


2023 / 2024




DEC


 * Immunefi bug bounty
 * Add sfrxETH (Frax) support
 * Add unshETH Support
 * UnshETH Yield Boost
 * Targeted growth campaigns


JAN


 * Integrate more LSD tokens
 * Targeted growth campaigns


FEB


 * Develop AuroraSwap


MAR


 * Launch AuroraSwap


SELF REPAYING


THE YIELD GENERATED BY YOUR COLLATERAL WILL AUTOMATICALLY REPAY YOUR LOAN FOR
YOU, SO YOU DON'T NEED TO WORRY ABOUT REPAYMENTS.


0% INTEREST


SAY GOODBYE TO HIGH INTEREST RATES AND HELLO TO OUR 0% INTEREST LOANS. THE
PROTOCOL ONLY TAKES A SMALL FEE FROM YOUR YIELD, NEVER FROM YOUR PRINCIPAL.


NO LIQUIDATION RISK


YOU'LL RECEIVE A SYNTHETIC VERSION OF THE ASSET YOU DEPOSIT AS COLLATERAL,
ELIMINATING LIQUIDATION RISK.


FLEXIBILITY


NEED MONEY TODAY BUT DON’T WANT TO BE FORCED TO SELL YOUR CRYPTO? AURORA ENABLES
YOU TO ACCESS MONEY NOW WITHOUT SELLING.


FAQ


WHAT IS AN LSD TOKEN?

Liquid Staking Derivatives - or LSD tokens - are a unique kind of token that
allows stakers* to earn yield without losing the liquidity of their staked
assets. These liquid tokens can be used in various ways; they can be sold,
traded or used in Defi applications just like regular ETH.

*Ethereum is a proof-of-stake blockchain where stakers lock their Ether to
secure the network and earn rewards.


WHAT IS AURORA?

Aurora adds additional utility to LSD tokens by enabling users to receive self
repaying, 0% interest loans against their LSD tokens without any risk of
liquidation.


HOW DOES AURORA WORK?

When a user deposits LSD tokens into Aurora, they will be issued a synthetic
token (zETH) that can be traded on the market to provide instant liquidity. This
allows the user to obtain money now without having to sell their Ether.

Users do not need to worry about making repayments, as loans are repaid
automatically using the staking rewards earned by the deposited LSD tokens. If
they wish to, users can early unstake by paying back the remaining loan.


CAN I BE LIQUIDATED?

No! As a user’s collateral and debt are both denominated in Ether, if the value
of one rises or falls, so does the value of the other. Therefore, a user will
never be liquidated when using Aurora.

Example

A user deposits 100 Ether into Aurora and receives a loan of 10 Ether. While the
loan is being repaid, the price of Ether drops 75%. The value of their
collateral has dropped 75%, but so has the value of their debt, so there is no
liquidation and the time taken to repay the loan is unchanged.


WHAT ARE THE USE CASES?

A key use case of Aurora is the ability to obtain money on demand without being
forced to sell your assets. For example, a user needs $2,000 to pay their rent
this month, but they don’t want to sell their Ether. Instead, they can lock up
Ether LSD tokens in Aurora to immediately receive the money, safe in the
knowledge that they cannot be liquidated and their full deposit will unlock at
maturity.

We will also be building additional functionality on top of Aurora, stay tuned.


WHAT IS THE AURO TOKEN?

The AURO token is the governance token of the Aurora protocol. Holders of the
token can stake it to earn a share of protocol revenue.

The initial maximum supply of AURO was 100 million. However, following the
community's approval of a burn program, 69.420% of the total supply will be
burned. Burns will occur quarterly as tokens unlock from the vesting contract,
bringing the total supply down to 30.6m.

Copyright ©2023 Aurora.
All rights reserved.