What is Aura Finance currency

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What is Aura Finance currency

Aura Finance

Aura Finance is a decentralized finance (DeFi) protocol built on the Ethereum blockchain. It seeks to provide users with access to innovative financial products and services, such as lending, borrowing, staking and yield farming. The native currency of Aura Finance is AURA – an ERC-20 token that enables users to access these services and benefit from the rewards associated with them.

The main purpose of AURA tokens is for governance purposes; holders can vote on changes in protocols or features that are implemented by Aura Finance developers. In addition, they also serve as collateral when taking out loans from the platform or participating in other DeFi activities like yield farming or staking pools. As more people use Aura’s products & services, demand for AURA tokens will increase which should lead to an appreciation in its value over time making it a great asset for long term investors looking for exposure into DeFi markets without having too much risk involved compared traditional assets like stocks & bonds etc..

Furthermore ,AURA has been designed so that it can be used across multiple blockchains including Ethereum , Binance Smart Chain(BSC), Huobi Eco Chain (HECO), Avalanche Network among others . This makes it easier than ever beforefor users who want exposure into different crypto networks without havingto dealwiththe technical complexities associatedwith swapping between chains .

All things considered ,AURA looks setto become oneof themost popular currencieswithin DeFispace dueits wide range offeatures& benefitsit offers its userbase– somethingwhich could seeits valuemultiply exponentiallyover timeasmorepeoplestartutilizingthe platform& networkeffectstake hold .

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