โญLiquidity Protocol
A liquidity protocol is a decentralised system of smart contracts that facilitates the transfer of digital assets. As a leading liquidity protocol that operates on a supply and borrow model, Aurum enables users to supply their assets to liquidity pools and, in return, allows other participants to borrow from those pools using their own collateral. The protocol operates across multiple blockchain networks, making it highly accessible to users across different ecosystems.
One of the key features of a decentralised liquidity protocol is its non-custodial nature, meaning users maintain control over their assets at all times. Interaction with the protocol happens through self-custodial wallets, allowing users to supply or borrow funds directly, without relying on intermediaries. All of this is managed through publicly accessible and permissionless smart contracts, which execute and verify transactions based on predefined conditions, such as collateral ratios and market parameters, providing a transparent and trustless experience.
Aurum is governed by Aurum token holders. This decentralised governance model further enhances the protocolโs adaptability and accessibility. Governance token holders can propose, vote, and implement changes to the protocol, including adjusting interest rates and collateral requirements as well as other key parameters that impact both borrowers and suppliers. This decentralised management structure means that the protocol can evolve in response to the needs of its community without requiring centralised control. This part of Aurum will launch sometime after the launch . At launch the decisions regarding the protocol will be taken by the team
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