Aurigami undertaking overview
What is the Aurigami undertaking?
The Aurigami undertaking is a decentralized liquidity protocol (decentralized, non-custodial liquidity protocol). The protocol will allow consumers to conveniently lend, borrow and earn curiosity with their digital assets. Users deposit assets into the Aurigami undertaking to present liquidity for the protocol and at the identical time to earn passive cash flow, though borrowers can borrow as collateral.
Also, the assets deposited will be employed as collateral to borrow other assets that you want to use.
Like other lending protocols, Aurigami also presents probable protocol hazards this kind of as the Smart Contract threat issue or the asset liquidation threat. However, Aurigami is executing its very best to restrict these hazards and be certain consumers have the most steady protocol to be prepared to participate in the encounter.
Currently, Near is a rather scorching protocol with highlights in the operational mechanism and ecosystem of the undertaking, attracting a big quantity of consumers and a relatively large quantity of liquidity. However, the ecosystem has not nevertheless absolutely exploited the liquidity probable, the Aurigami undertaking will be a single of the optimum answers to this issue and will establish a big liquidity industry for Aurora, fostering the advancement of the prevalent advancement industry in the protocol network.
Characteristics of the Aurigami undertaking
The principal characteristic of the Aurigami undertaking is Lending and Borrowing, which presents the simple qualities of Lending & Borrowing this kind of as:
The Aurigami Project has no minimal or greatest deposit or asset quantity.
Users need to authorize the use of deposited assets as collateral for borrowing and borrowing. You can discover the convert button in the “Deposit” tab below “My Account”. The loan restrict will then instantly alter primarily based on the quantity of collateral accessible.
Lenders will obtain ongoing cash flow (curiosity) on their deposited properties. Earnings costs algorithmically adjusted for each and every asset primarily based on independent industry ailments.
AuToken is a representation of a user’s stability sheet presented to the Aurigami protocol. auToken is calculated primarily based on the underlying asset deposited in the protocol (auUSDC, auDAI, and so on.). The exchange fee amongst auTokens and the value of the underlying asset increases as far more curiosity is acquired in the industry.
To borrow residence on Aurigami Users will have to deposit assets as collateral. By default, margin assets will be activated as collateral for the loan.
The greatest loan quantity of a consumer depends on the quantity of the ensure that the consumer deposits in the protocol, which will be displayed in the “Loan limit“in the”my account“. Debt payment (refunds) will be displayed in “borrows“in the”my account“.
Liquidation takes place when the assets borrowed from a borrower exceed the “loan limit”, which indicates that the ensure does not cover the total quantity borrowed below the factors of the ensure. In the occasion of liquidation, the liquidator will seize accessible collateral from accounts that exceed the liquidation threshold and execute industry operations to assist repay the borrower, collecting a charge from the method.
The loan restrict is a percentage of the greatest quantity you can borrow, primarily based on the collateral and money worth of the unique consumer. Loan restrict = a hundred% loan utilization.
Use of the loan
The real use of borrowed capital is the ratio of the complete collateral to the complete worth of the assets borrowed. The reduced the percentage of use, the safer the user’s collateral will be:
- Loan use <75%: Safe.
- Use of the loan from 75% to 90%: pay attention to the position.
- Use of the loan from 90% to 95%: please improve the efficiency of the loan.
- Use of the loan> 95%: large liquidation threat.
- Partial repayment of the borrowed residence.
- Add far more ensures.
Information on the PLY token of the Aurigami undertaking
PLY token crucial metrics
- Token title: Aurigami
- Ticker: PLY
- Blockchain: Aurora
- To contract: 0x09c9d464b58d96837f8d8b6f4d9fe4ad408d3a4f
- Token Types: Utility, government
- Total provide: Updating
- Circulating provide: Updating
PLY Token Allocation
- Cash extraction forty%
- Treasure twelve.five%
- Initial exchange offer you five%
- Foreign exchange liquidity four%
- Strategic traders 19.five%
- Team 19%
Use situation of the PLY token
Users holding tokens will love the following positive aspects:
- Administration: It is the project’s governance token.
- Transaction: Aurigami tokens are employed to exchange and execute transactions on the network.
- Stake: Users can stake tokens to obtain rewards from the network.
Where to invest in, promote and very own PLY tokens
On April 29, 2022 (UTC + seven), KuCoin will launch the 21st Spotlight token sale with Aurigami Project (PLY). The sale of PLY tokens will operate as a result of the use of a proportional distribution model.
You can participation IEO Kucoin Spotlight holding KCS everyday typical of at least a hundred KCS, wherever the ultimate allocation of new tokens is established by the participant’s typical everyday KCS availability versus the complete typical everyday KCS availability of all participating consumers. To be certain honest distribution for all attendees, there will be an upper restrict on the allocation of tokens per consumer.
- Token Sale Registration Start Time: 19:00:00 April 29, 2022 (UTC + seven)
- Token Sale Registration End Time: 07:00:00 May five, 2022 (UTC + seven)
When you retain the everyday typical a hundred KCS then you can invest in 60,000 won PLY for $ 300
KCS everyday holdings:
From 23:00:00 on May two, 2022 to 23:00:00 on May four, 2022 (UTC + seven), KuCoin will get a snapshot of each and every user’s KCS holdings (three snapshots). From the snapshot, each and every user’s everyday KCS holdings will be established. Only consumers who have KCS participations equal to or higher than a hundred from the snapshot and who click “Join Now” in the course of the registration time period are eligible for the 21st Spotlight.
To enroll far more consumers on Spotlight, KuCoin implemented the Spotlight Trial Fund to reduced the threshold of a single of the most common token revenue. one,000 fortunate consumers will be in a position to win the Spotlight Trial Fund, which presents a a hundred KCS charge to participate in the 21st token sale on KuCoin.
* Spotlight test fund is a virtual level allocation that can be employed to participate in KuCoin Spotlight. Once this Spotlight Trial Fund is energetic, your account will be regarded as a “100 KCS” account to be eligible, supplying a a hundred KCS charge to participate in the subsequent Token Sale (Spotlight) on KuCoin.
one Spotlight Trial Fund = one KCS Hold for the 21st Spotlight subscription
Rules for calculating KCS everyday intakes:
- Main account * a hundred%
- Trading account * a hundred%
- Financial accounts (such as frozen and unlocked assets) * a hundred%
* Branch account can’t participate in token sale as a standalone account However, KCS holdings in branch accounts will be mixed into the principal account to determine the typical everyday KCS stability.
Spotlight Token Sale Time:
- At 19:00:00 on April 29, 2022 (UTC + seven), KuCoin will launch Spotlight Token Sale and open the PLY registration.
- At 07:00:00 on May five, 2022 (UTC + seven), KuCoin will shut the registration round for this token sale, counting the shares of all efficiently registered participants.
- From 15:00:00 to sixteen:00:00 on May five, 2022 (UTC + seven), KuCoin will deduct the corresponding quantity of KCS in the trading account of eligible consumers and distribute the corresponding quantity of PLY. Make certain you have at least twenty KCS in your trading account by May five, 2022. If the deduction is effective, the PLY will be instantly distributed to your Master Account otherwise, your Spotlight buy will be canceled.
Please note that the quantity of PLY you will obtain is primarily based on your typical everyday holdings in KCS.
To participate in the token sale, your KuCoin account need to meet the following criteria:
- Complete KYC2 (superior verification) by 07:00:00 on May five, 2022 (UTC + seven). If you do not go as a result of KYC2, you will not be eligible to apply for the token sale. If you never have an account, you can register by way of the website link this to instantly open a Kucoin exchange account
- The following nations / areas are not supported for buy: Belarus, Mainland China, Democratic Republic of the Congo, United States, Canada, Japan, Cuba, Iran, North Korea, Sudan, Syria, Venezuela, Crimea.
- Sales contract signed.
- After finishing the over actions, click ‘indicator up now‘on the Spotlight webpage.
Note: The over actions can be finished on the Spotlight webpage in advance of the token sale begin time.
Aurigami undertaking advancement roadmap
The principal advancement crew of the Aurigami undertaking
Investors / Supporters of the Aurigami undertaking
Projection on the Aurigami undertaking, ought to I invest PLY tokens or not?
Aurigami undertaking is a single of the initial loan and lending tasks on Near Protocol’s Aurora Layer two, so it is probable that Aurigami will appeal to a selected quantity of investment dollars when the money movement of the money will movement strongly into the Close to Protocol in the course of this time period. The present undertaking is nevertheless extremely new, so you can experiment to earn Retroactive. However, this is not investment information, so you want to deal with the money movement in your personalized investment fund