FAQs
What is Aurelia?
Aurelia is a modular DeFi protocol that combines automated vaults, undercollateralized leverage, a native DEX for ERC-4626 tokens, and a dual lending system. Itβs designed to optimize yield, composability, and capital efficiency for both passive users and power DeFi users.
Is Aurelia audited?
Yes. Aurelia will be undergoing multi-phase audits with top-tier firms like Spearbit and Code4rena. It also uses real-time monitoring via Hypernative and will launch a public bug bounty on Immunefi.
What are Metavaults?
Metavaults are ERC-4626 smart vaults that automatically allocate user deposits across multiple yield strategies. They include a 10% withdrawal buffer and use TWAP-based logic for rebalancing when the buffer deviates (below 5% or above 15%).
Whatβs the difference between the two lending markets?
Main Market: Overcollateralized, Aave-style lending for major tokens. Open to all users.
Single Asset Vaults: Undercollateralized lending accessed only by the LeverageManager for farming strategies.
How does leveraged farming work?
Users interact with the LeverageManager, choose a pool and leverage (e.g., 3x), and the system borrows from the Single Asset Vaults. It then deploys into an ERC-4626 vault handling the farming strategy. Liquidations are managed off-chain via bots.
What makes Aurelia DEX different?
Native support for ERC-4626 vault tokens (
aurTokens
)Auto wrap/unwrap during swaps
LPs earn yield from vault APR, trading fees, and emissions
Supports concentrated liquidity for higher capital efficiency
How are strategies selected for vaults?
Strategies must be governance-approved, audited or risk-flagged, and integrated into the Strategy Router. xAUR holders can vote to approve the new strategies.
What is x(3,3) governance?
Aurelia uses a staking-based governance system where users lock AUR to receive xAUR, which allows them to vote on:
Emissions direction (vaults, LPs)
Protocol upgrades
Strategy or vault whitelisting
Bribes and gauge boosts
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