# Aurora

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<summary>What is Aurora?</summary>

[Aurora](https://aurora.dev/) 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](https://near.org/blog/near-climate-neutral-product).&#x20;

Aurora is an Ethereum Virtual Machine (EVM) implemented as a smart contract on [NEAR Protocol](https://near.org/).&#x20;

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## $stAUR

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<summary>What is $stAUR?</summary>

Staked AURORA (stAUR) is a liquid token that represents your deposit/position with Meta Pool in the AURORA Chain.

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<summary>I can use stAUR for DeFi?</summary>

Soon partnerships will be announced. Stay tuned!

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<summary>I’m an Aurora token holder, why $stAUR is important to me?</summary>

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%

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<summary>Is it possible to have a depeg of $stAUR price?</summary>

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.

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## Wrapped $stNEAR

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<summary>Why $stNEAR is wrapped in Auora?</summary>

$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.

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<summary>Wrapped $stNEAR have the same rewards?</summary>

Yes, $stNEAR on Aurora preserve the same value on both networks due to its 1:1 collateralization.

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