Overview

<aside> ℹ️ About the Project Aurigami is a decentralized, non-custodial money market on Aurora. The team has developed the most gas efficient lending market on Aurora through contract optimisation and deploying a proprietary liquidation engine. Aurigami now offers core money market services such as deposit and collateralized lending for 8 largest assets in the Aurora ecosystem.

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<aside> 🌐 Aurora & Ethereum Network

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<aside> 💲 1 PLY = 0.005 BUSD

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<aside> 📜 Aurora (AURORA): 0x09c9d464b58d96837f8d8b6f4d9fe4ad408d3a4f Ethereum (ETH): 0x1ab43204a195a0fd37edec621482afd3792ef90b

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<aside> 🐧 Impossible’s Research report

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🔥 Latest Updates

Aurigami is live on Aurora mainnet!

Aurigami on Twitter: "Good news - #Aurigami is now on @Risk_DAO's Bad Debt Dashboard! 🚀Great news - we have the:✅Lowest Total Bad Debt✅Lowest Bad Debt:TVL RatioManage your risks better across #DeFi protocols with this dashboard today 🔥 pic.twitter.com/W2yZTsjGqk / Twitter"

<aside> 🛠 Latest Development Updates updated on August 10th, 2022

• Liquid Locked Token (LLT)
  • PULP is a representation of locked-PLY, like a futures contract where Aurigami will be obligated to exchange PLY for PULP on a future date
  • Other protocols like Solv Finance have tackled enabling liquidity for locked/vested tokens, but these are achieved using Financial NFTs. PULP as an ERC-20 token is simpler.
  • Distributing a combination of LLTs and the underlying protocol tokens in liquidity mining disincentivizes “farm and dump”
  • Similar to veTokens, LLT is a novel tokenomics design that protocols can incorporate to align long-term interests between users and protocol
  • We are currently developing a gamification feature that will allow users to potentially reduce the vesting period of locked-PLY (AKA PULP)
  • ELI5 on PULP - https://twitter.com/aurigami_PLY/status/1536367723336216576
• Aurora+
  • One of the first protocols to be integrated on Aurora+ during its launch
  • Users can earn multiple rewards just by depositing AURORA on Aurora+, including PLY rewards from Aurigami
• Resiliency to the Market
  • For Aurigami, we managed to build up warchest before the turn of the market. Prudent treasury management means that we are shielded from the liquidity issues that have plagued so many VCs and protocols.
  • Aurigami places a very strong emphasis on security. The recent Flux oracle issue for instance serves a reminder that we can never be too careful and prepared. Fortunately for us, we have had multiple contingency plans in place since the beginning which meant that all of our funds and users were unaffected.
  • Lowest total bad debts as well as <bad debt:TVL> ratio out of all the supported protocols on RiskDAO’s Bad Debt Dashboard
• Papermill Dashboard
  • Out of the 1.6B PLY that has been emitted as Liquidity Mining incentives, only 32% has been claimed so far (3% in PLY and 29% in PULP were claimed)
  • Therefore, only 55M PLY (3% of 1.6B PLY) were added to the PLY circulating supply which currently stands at 1.1B (11% of PLY Total Supply)
  • Papermill mechanism is working as intended to encourage liquidity miners to hodl PLY </aside>

💡 Product

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<aside> 💰 What you can do with your tokens

• PLY is tradable at Bybit, Huobi, Kucoin and Trisolaris
• Aurigami has the highest interest rates for stables by far on Aurora. USDC also has negative borrow APY at time of writing, which means borrowing is heavily subsidized with PLY and users can fold to maximize yield
• First money market to support USN, the native stablecoin of NEAR. Users can earn yield on top of yield for USN by depositing on Aurigami
• PLY/WNEAR LP pool is also offering >700% APR
• Stable farming cheat sheet - https://twitter.com/aurigami_PLY/status/1533093137286983680 </aside>

<aside> 📌 Key Products

• Lend, borrow and earn on Aurigami
• Core money market services such as deposit and collateralized lending for 8 largest assets in the Aurora ecosystem
• Most gas efficient lending market on Aurora through contract optimisation and deploying a proprietary liquidation engine </aside>

⚡️ Token Sale Performance

<aside> 📎 Token Sale Details PLY Token Sale

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<aside> 👥 Participants 6,725

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<aside> 💲 Total Sale 550,000

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<aside> 🪴 Max IDIA Staked (in USD)

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More Information - Impossible Finance:

• 🐧 About Impossible Finance
• 🪙 Impossible Tokens