Aora

Aora, often referred to as AORA, is a decentralized finance (DeFi) platform built on the Ethereum blockchain. It aims to provide a suite of financial services, including lending, borrowing, and yield farming, within a permissionless and transparent ecosystem. The platform's native cryptocurrency is the AORA token, which plays a role in governance, staking, and incentivizing user participation.

The core functionality of Aora revolves around its smart contracts, which automate financial transactions and eliminate the need for intermediaries. Users can deposit supported cryptocurrencies to earn interest, and conversely, they can borrow assets by providing collateral. A key aspect of Aora is its focus on composability, allowing its services to be integrated with other DeFi protocols, fostering innovation and expanding financial possibilities.

Aora's governance model typically involves AORA token holders who can propose and vote on changes to the protocol, ensuring a community-driven development approach. Staking AORA tokens can provide users with rewards and a say in the platform's future direction. The project emphasizes security and aims to mitigate risks through audits and robust smart contract design. Aora seeks to democratize access to financial services, making them available to a global audience without traditional banking infrastructure.