Intro to Aurora Cluster: What’s Inside?
As you know, our team has been working on the expansion to the NEAR and Aurora ecosystem for a few months so far. It’s been a long journey, but finally, we are on the verge of releasing our first product on NEAR — the Aurora Cluster.
The new Cluster will contain tokens of nine highly promising projects built in the Aurora ecosystem. And today, we are happy to reveal which ones.
Tokens in the Aurora Cluster
Our experts have carefully selected the projects whose tokens will be included in the new Aurora Cluster. All of them have been checked thoroughly to conform to DeHive’s standards and values.
So please meet the brightest stars of the Aurora universe!
Aurora (AURORA) — Aurora is an Ethereum Virtual Machine created by the team of the NEAR protocol. It provides Ethereum compatibility, NEAR Protocol scalability, and industry-first user experience through affordable transactions. At the moment, it is one of the fastests and cheapest EVMs in the market, enabling ~2-sec operations at around 2 cents per transaction.
$AURORA is a native governance token of the ecosystem, with a portion of the token allocated to the Community Treasury. This means that tokens are also used to fund existing and proposed projects on the network voted by AuroraDAO.
Wrapped Near (WNEAR) — NEAR is a DAO, a foundation, and a development platform built on a new layer-one blockchain. It is a great solution for DeFi developers due to its sustainability, cost-effectiveness and high security.
The NEAR team envisions “a world where people control their money, their data, and the tools to build new ideas,” which sounds like a great idea after all. And all of it becomes real with $WNEAR, a 1:1 equivalent of the native utility token of the chain used for staking, governance, and fees.
WannaSwap (WANNA) — WannaSwap was one of the first platforms built on the Aurora EVM with the aim to welcome users as well as incubate and support future projects. It is an automated market maker (AMM) that allows users to swap tokens within the chain, benefit from farming, and provides a launchpad for new projects.
$WANNA is the governance token of the WannaSwap protocol, which also serves as a reward in the ecosystem. Users can receive $WANNA tokens by staking LP tokens or the $WANNA tokens they already hold.
TriSolaris (TRI) — TriSolaris is the first piece of financial infrastructure on Aurora. It is the most popular decentralized exchange (DEX) of the ecosystem that delivers high-speed trading to users at less than a fraction of the cost of Ethereum or any Ethereum L2.
The DEX offers high-speed trading, negligible fees, the ability to provide liquidity and swap any ERC20, as well as some liquidity mining incentives and a simple and intuitive UI. All the fees and processes in the DEX are regulated with the help of $TRI, the governance token of the protocol.
NearPAD (PAD) — NearPAD is a Launchpad and a DeFi hub on the NEAR ecosystem, consisting of a DEX, an Aggregator, and a project incubation solution. It is aimed to bootstrap innovations, monitor and manage digital assets.
In short, NearPAD is changing the way communities and developers access open finance tools for crowdfunding, asset management, and yield optimization. It is a platform for launching successful fundraising for startups while giving the community fair access to vetted and secure opportunities.
$PAD is a governance token of the NearPAD ecosystem that also allows for earning protocol fees.
Rose (ROSE) — Rose is a liquidity protocol on Aurora composed of an AMM stablecoin and wrapped assets exchange and a Collateralized Debt Position (CDP) based stablecoin utilizing interest-bearing tokens as collateral.
Stablecoin liquidity is essential for any ecosystem to facilitate efficient trades, create yield generating protocols, and attract more teams to build on top of the ecosystem. Similar to Curve on Ethereum, Saber on Solana, and Ellipsis on Binance Smart Chain, Rose’s stableswap aims to attract deep liquidity on Aurora with low slippage and minimal trading fees.
The second aspect of Rose is the CDP-based stablecoin, $RUSD. Utilizing interest-bearing tokens as collateral, users will be able to stake the $ROSE token they either buy in the secondary market or earn as rewards from different incentive programs.
SmartPad (PAD) — SmartPad is the first multi-cross-chain customizable launchpad that allows projects to raise funds across different blockchains, including BSC, Aurora, and Polygon. The protocol aggregates IDOs from different networks, allows accessing custom IDO pools and offers personalized DAO proposals for every IDO, helping users to take part in multiple offerings at a time.
Bastion Protocol (BSTN) — Bastion Protocol is a lending and stableswap protocol with an autonomous interest-rate engine. It provides superior capital efficiency, low slippage swaps, fast transactions, low fees, and precise liquidations. Overall, the project was created “to be the liquidity hub of NEAR, where no asset lies unproductive and composable cTokens form the base of the ecosystem.”
$BSTN is Bastion Protocol’s governance token. BSTN tokens are used as incentives to bootstrap borrow demand and provide initial deposit rate stability.
Aurigami (PLY) — Aurigami is a decentralized, non-custodial liquidity protocol that allows users to effortlessly lend, borrow, and earn interest with their digital assets. Depositors provide liquidity to the protocol to earn a passive income, while borrowers are able to borrow in an over-collateralized fashion. $PLY is a native governance token of the protocol.
You might have noticed that we haven’t included the DHV token in the list above. That’s right, it won’t be a part of the Cluster. However, you will still need it to perform certain operations on the platform, so you’ll be able to buy it with ETH after connecting your wallet and switching the network to Aurora.
We are doing our best to release the Cluster as soon as possible. It still might take a few weeks, but you will surely see it in the nearest time. So buckle up, and let’s go!