1️⃣aAssets (Ara wrapped assets)

Our main method for governance “black holing” is through the minting of aAssets.

Initially the protocol will focus on the following assets:

• Hermes and veHermes

• Maia

Minting aAssets

• Users may deposit Hermes, bHermes, or Maia into AraFi which will then lock these assets forever as bHermes, and vlMaia respectively.

• The protocol returns a tokenized version of the assets as an aAsset ie. aHermes, and aMaia.

• bHermes will be converted to aHermes at a variable rate determined by market conditions.

Staking aAssets

• Through aAssets, users can gain exposure to maximum-locked rewards without the need to lock their tokens. By utilizing a liquid staking derivative, users can easily liquidate their aAsset position for the corresponding underlying token at any time. As the representative token is LP bound there may be variance from a 1:1 value.

• Users can stake their aAssets on our platform to receive the maximum-locked fees and single-stake rewards of their respective platforms, as well as ARA emissions.

aAssets Liquidity Pool

• We will initially seed the aAssets liquidity pools, in order to make these assets liquid from the get go.

• Part of the fees the protocol charges on yield will be directed towards bolstering these pairs.

• Bribes will also be utilized as a cost effective method to build liquidity and direct Hermes emissions to these pairs.