What is Aura BAL
auraBAL is a liquid wrapper for Balancer's veBAL. Aura allows users to deposit their 80/20 BAL/WETH BPT and receive liquid auraBAL, instead of the non-transferrable veBAL. Tokenised auraBAL is given to the user at a 1:1 rate for veBAL, and can be traded on Balancer or elsewhere.
This BPT is then locked up by the Aura protocol for the maximum time in Balancer Voting Escrow where it will allow the Aura system to benefit from its voting power for boosting rewards & voting for gauges.
Aura BAL vs Stoic
It's almost impossible to predict which cryptocurrency will eventually emerge as the leader.
There is no guarantee that In 5 years, AURABAL would still even exist. Another faster and cheaper blockchain might capture the majority of developers, users, and capital. Or some critical failure of AURABAL might derail its progress.
Because the probability of guessing the winner is low, it's better to use a portfolio approach and buy all possible contenders, including AURABAL.
Stoic builds a portfolio by using hedge fund-grade quantitative research and AI to build a portfolio of crypto assets.
The algorithm analyzes price data, returns, volatility, correlations, and other factors to identify coins that are likely to go up. It then rebalances the portfolio daily to cut losses early and take profits regularly. Stoic is a great alternative to researching coins and trading manually.
Over 12,000 people already use Stoic to automate their crypto investing.