Aurigami Price

Aurigami (PLY), a cryptocurrency launched in 2022, functions as a decentralized non-custodial liquidity protocol. Users lend, borrow, and earn interest passively on deposited digital assets.

The protocol confronts the classic DeFi friction of idle capital. By aggregating liquidity, Aurigami allows depositors to earn passive yield on otherwise stagnant tokens while giving borrowers access to leverage through over-collateralized positions. Its architecture pools assets from the Ethereum, Near, and Aurora communities.

Aurigami operates on the Ethereum network. However, its smart contracts span beyond a single chain—deployments on Aurora and Near Protocol knit together a cross-chain liquidity backbone. This multi-chain design amplifies capital efficiency across ecosystems.

PLY is an ERC-20 token, with mirrored implementations on Aurora and Near that maintain full composability. The protocol’s noncustodial design eliminates intermediary risk; users retain sole control of assets until moment of trade. Over-collateralization remains the primary safeguard against loan defaults.

The protocol debuted on March 28, 2022, surfacing from the Aurora ecosystem with notable venture backing. Seed rounds saw participation from Coinbase Ventures, Alameda Research, and DragonFly Capital—firms that helped anchor initial liquidity and trust. This early institutional stamp accelerated adoption within the Near-aligned DeFi cluster.

The goal is straightforward: create an open, efficient money market where any user, regardless of geography or banking status, can earn yield or access leveraged capital. Aurigami targets the liquidity fragmentation within Aurora and Near, aiming to become the default yield infrastructure for those parallel ecosystems.

PLY tokens anchor the protocol’s incentive structure. The protocol emits PLY to liquidity providers, bootstrapping deep markets and aligning the interests of borrowers and lenders. A portion of accrued fees also flows back to those who supply PLY to the protocol’s own lending pools, creating a self-reinforcing economic loop.

Actual use cases for PLY are tangible. A user can deposit PLY into an Aurigami liquidity pool and earn yield derived from borrower interest payments. The same deposit can later be used as collateral to borrow another asset—say, stablecoins—without selling the underlying PLY exposure. Token holders also provision liquidity on external decentralized exchanges, capturing swap fees.

Aurigami has a maximum supply of 10,000,000,000 tokens. Currently, 4,126,763,135.54 are in circulation. With a market capitalization of $62,152.00, Aurigami ranks #6,664 among all cryptocurrencies.