Aurora
What is Aurora?
Aurora is a solution, that allows to execute Ethereum contracts in a more performant environment—NEAR blockchain, a modern layer-1 blockchain which is fast (2-3 second transaction finalization), scalable, and carbon neutral.
Aurora is an Ethereum Virtual Machine (EVM) implemented as a smart contract on NEAR Protocol.
$stAUR
Section titled “$stAUR”What is $stAUR?
Staked AURORA (stAUR) is a liquid token that represents your deposit/position with Meta Pool in the AURORA Chain.
I can use stAUR for DeFi?
Soon partnerships will be announced. Stay tuned!
I’m an Aurora token holder, why $stAUR is important to me?
If you stake $AURORA, you can get $stAUR and it’s like keeping your $AURORA tokens and increasing their valuation with an APY currently of approx. 19%
Is it possible to have a depeg of $stAUR price?
The $stAUR mechanism doesn’t have a viable depeg scenario for a normal operation. The increase of prices of $stAUR is generated by Aurora +, a trusted source of rewards. The $AURORA tokens are available to withdraw and claim at any moment via the fast or delayed unstake.
Wrapped $stNEAR
Section titled “Wrapped $stNEAR”Why $stNEAR is wrapped in Auora?
$stNEAR exist natively in the NEAR blockchain. Using the rainbow bridge the $stNEAR is now available in a wrapped version that is collateralized 1:1 on NEAR Protocol.
Wrapped $stNEAR have the same rewards?
Yes, $stNEAR on Aurora preserve the same value on both networks due to its 1:1 collateralization.