aAssets (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:

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.

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.

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.

Last updated 5 months ago

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

Initially the protocol will focus on the following assets:

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.

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.

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.

Last updated 5 months ago