Aura

Gyroscope has finally launched GYD, an all-weather USD pegged stablecoin that provides stablecoin risk control. GYD is fully-backed by reserve assets stored in segregated vaults, reducing the risk of contagion and single points of failure. The underlying E-CLPs offer stable and risk-adjusted sources of yield. GYD also offers customizable liquidity profiles, effective capital utilization, and reduced liquidity wastage. Gyroscope plans to leverage the vlAURA market to bootstrap liquidity and establish GYD as a leading crypto-native stablecoin.

ve8020 is a vote-escrow system created by Balancer that addresses challenges with traditional governance models. It locks up a BPT token instead of a native protocol token, increasing liquidity for underlying tokens. The initiative has attracted 20 projects, generating $10B+ in swap volume, $375M TVL, and $15M+ in swap fees. Balancer V3 is expected to launch in Q2, 2024, and Aura can further boost Balancer incentives and governance power.

The old Aura Discord server link is currently invalid due to technical issues. A new link is being created.

The Arbitrum STIP vote concluded last month with 97 proposals drafted. 57 proposals that met the quorum requested 74M $ARB, and 30 projects will receive the 50M $ARB before January 31, 2024.

The proposal to enable the PSP/OP 80/20 'A Night at the OPara' Gauge on optimismFND has been approved. This is a step towards better aligning liquidity providers and a leap towards sustainable, long-term liquidity for Paraswap.

Aave has minted nearly $1m for Aura, resulting in a 47% increase in Aura's veBAL share. Aave plans to leverage its vlAURA & auraBAL positions to bring GHO liquidity to Balancer in the coming weeks.

Aura has announced its support for the decision to wind down Butter. Meanwhile, Aura DAO is focusing on growing veBAL share, onboarding partners, and preparing for future growth opportunities.

Aura, the largest holder of veBAL with over 44% control, is maximizing liquidity rewards in the Balancer system. Traders, liquidity providers, DAOs, and developers can benefit from Aura's ecosystem by earning fees, $BAL tokens, and $AURA. Aura also empowers DAOs to manage liquidity and directs $BAL emissions to their pools. Developers can build on top of Aura to create efficient financial products and governance mechanisms. Aura's veBAL wrapper allows users to deposit BAL/WETH BPT for auraBAL, maximizing voting power and rewards boost.

vlAURA holders will have the opportunity to share in the long-term success of Butter, as the flywheel continues to spin in various ways.

The Aave DAO has passed a proposal to acquire more AURA tokens. They will purchase AURA on the market and OTC, perform a treasury swap with the Aura DAO using $AAVE, and mint auraBAL with their Balancer holdings.