Aura Finance: Chakra Alignment (March 27, 2023)
We had another two weeks of large voting incentives from OHM and Stargate Finance, with participants like Alchemix Finance providing incentives for the first time, and Synapse Protocol providing its first set of incentives.
GM Meditators - welcome to the 6th Chakra alignment for today!
We had another two weeks of large voting incentives from OHM and Stargate Finance, with participants like Alchemix Finance providing incentives for the first time, and Synapse Protocol providing its first set of incentives.
There were also some teases on Arbitrum and the auraBAL compounder, as well as future integrations with GearboxProtocol and deployments with Gnosis and zkSync.
While the hype for Arbitrum has finally taken over, Aura Finance has already positioned itself well within the LSD protocols and is now prepared to take on more deployments and partnerships.
Let's keep those chakras aligned!
News
Key Stats: (comparing the changes since the last newsletter)
- Total Value Locked $0.68B - (Increase of $30M)
- Percentage of veBAL controlled: 27.37% - (increase of .15%)
- Total vote locked Aura: 14M - (Increase of approximately 200K)
Top 3 Incentives Providers for Vote Locked AURA:
- 🥇 Stargate Finance’s 50/50 bb-a-USD/STG
- 🥈 50/50 AURA/WETH
- 🥉Rocket Pool’s MetaStable rETH/WETH
Incentives Upon Incentives
Last two weeks, Meditators just saw several posts regarding voting incentives - covering large ones made by Olympus and Stargate Finance, but also incentives made by new participants like Alchemix and Synapse Protocol.
The voting incentives market is only heating up from here...
It’s confirmed!@OlympusDAO has approved an allowance of up to $8M of voting incentives for veBAL and vlAURA holders for 2023.
— Aura (@AuraFinance) March 24, 2023
Read more about the proposal here: https://t.co/yi0O9GiOym pic.twitter.com/EIoAZkasS6
Bringing 175K of $STG incentives with them, @StargateFinance comes back swinging into the vlAURA market.
— Aura (@AuraFinance) March 22, 2023
With @OlympusDAO, @SynapseProtocol, and @Rocket_pool intending ramp up incentive allocations, how big will the next round be?
Lock now at https://t.co/tbT1P24LOb. pic.twitter.com/4HcW1jiydg
The alchemists have arrived 👀🧙🏽♀️@Alchemix is testing the vlAURA market with their first voting incentives.
— Aura (@AuraFinance) March 17, 2023
Take a peek at https://t.co/tbT1P24LOb pic.twitter.com/JsTT8nqvei
The first set of incentives by @SynapseProtocol has been provided!
— Aura (@AuraFinance) March 23, 2023
Synapse will continue to ramp up voting incentives in phases, allocating 35,000 SYN a week permanently by the end of its liquidity migration.
Purple coin gud 💜 pic.twitter.com/HJknMF6xmF
Visual Teases on Arbitrum and the auraBAL Compounder
Not much was said regarding Aura Finance and its Arbitrum partnership, but Meditators did get a nice visual tease of things to come.
Soon.@arbitrum 💜💙 pic.twitter.com/aBcdOY8wbl
— Aura (@AuraFinance) March 23, 2023
Similarly, for the auraBAL compounder, while we know this will be coming soon, we honestly can't wait for it to officially be launched.
Probably nothing 👀 pic.twitter.com/7c80zcwjQS
— Aura (@AuraFinance) March 18, 2023
Future Deployments: Gearbox Integration, Gnosis Chain, and zkSync Era
While Gearbox officially announced integrations with Balancer and Aura for its v3 launch, we were left waiting for more details on what that would entail.
The wait is over... The next step to become the base layer of Leverage in DeFi, the next step to Redefine Lending & Leverage. Gearbox V3 ⚙️🧰@Balancer and @AuraFinance integrations, Tokenomics, Alpha Lend Pools with higher APYs, L2 capability and more: https://t.co/B2zIM2YXWm
— Gearbox Protocol ⚙️🧰 (@GearboxProtocol) March 13, 2023
Balancer gauges are now on Gnosis.
— Aura (@AuraFinance) March 21, 2023
Aura is now preparing to follow @Balancer's cross-chain expansion with its own deployments.
Soon at https://t.co/tbT1P24LOb pic.twitter.com/2kf1IvxTOg
Next up, @zkSync era.
— Aura (@AuraFinance) March 25, 2023
Once @Balancer implements @LayerZero_Labs enabled gauges, an Aura deployment will follow.
Ready for Aura on L2s?https://t.co/kvdscFhNBI
Aside from the updates above, a lot of tweets covered in this section are focused on Aura's ongoing partnerships and developments.
We received an Aura introductory thread from @zdlabs
We all know Balancer is creating a huge ecosystem. We've made a little thread about it last week, and now it's time to go in-depth into one of their major players.
— Zero Day Labs (@zdlabs) March 27, 2023
Want to boost your yield and governance power? Look no further than @AuraFinance
A crash course on $Aura
1/ 🟣🧵 pic.twitter.com/WaWYl6l8mu
Appreciate being featured in your newsletter Gnosis Chain!
🦉⚔️ GC Weekly March 24 2023
— Gnosis Chain 🦉 (@gnosischain) March 25, 2023
EURe!
w/ updates from @GnosisDAO @gnosisbuilders @karpatkey @gmdecrypt @tw_tter @koeppelmann @StefanDGeorge @monerium @layer3xyz @GetLinen @Balancer @safe @AuraFinance @fractalprtcl @API3DAO https://t.co/qcXJiqiE0O
YouTube
BakerySwap has apparently launched Aura staking on its platform? Interesting.
Dune Dashboards and Analytics
Growth of Aura Token Holders
Aura token holders remain consistent around the 4K mark.
We can only hope that number would keep on scaling, as it continues in its deployments and partnerships within the ecosystem.
Aura DEX Trades
As for its existing DEX trades, Aura has notably been trading mostly on Balancer and Uniswap, with 1inch gaining some volume in the last few months of 2023.
Eco-system Governance
To get the latest on Aura governance updates head over to the Aura Discord and be sure to follow Aura Finance on twitter.
Disclaimer
The Chakra Alignment series is not official Aura correspondence and is written by community members.