auraBAL is a liquid wrapper for Balancer's veBAL. Aura allows users to deposit their 80/20 BAL/WETH BPT and receive liquid auraBAL, instead of the non-transferrable veBAL. Tokenised auraBAL is given to the user at a 1:1 rate for veBAL, and can be traded on Balancer or elsewhere.
This BPT is then locked up by the Aura protocol for the maximum time in Balancer Voting Escrow where it will allow the Aura system to benefit from its voting power for boosting rewards & voting for gauges.
Aura BAL Price Analysis
As of December 25 2024 Aura BAL has a marketcap of $28M.
This is {{percentagefromath}} from its all time high of $21.61.
In terms of its tokenomics, there's a total supply of 3.7M with 100% currently outstanding.
Keep in mind Aura BAL has a fully diluted value of $28M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
