Introduction

Welcome to orafinance.app, home to the first algorithmic token pegged to $AURORA on the Aurora network.

What is ORA Finance ?

ORA Finance offers the first decentralized algorithmic stable coin on Aurora Mainnet, pegged to the price of 1 $AURORA via seigniorage. The ORA algorithmic token serves as the backbone of a rapidly growing ecosystem aimed towards bringing liquidity and novel use cases to the Aurora network.

Inspired by the original idea behind TOMB (docs.tomb.finance), the ORA Finance protocol's underlying mechanisms are designed in a way to ensure a peg of ORA:AURORA is achieved, and once achieved, it is maintained to establish $ORA as a mirrored, liquid asset to $AURORA. The ORA Protocol accomplishes this by introducing unique economic and game-theory centric dynamics into the market through its three tokens:

• ORA Tokens ($ORA) - The ORA token is designed for use as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain ORA's peg of 1 ORA = 1 AURORA

• ORA Shares ($OSHARE) - OSHARE token holders have both governance voting and ownership rights of the protocol. Once our DAO is established, they will play a crucial role in the governance of ORA. OSHARE can be staked in the boardroom to earn a part of minted ORA as rewards.

• ORA Bonds ($OBOND) - OBOND’s main job is to help incentivize and reward users for ensuring peg.

ORA Finance was launched on xxth July 2022 and is modelled/inspired by a highly successful project, Tomb Finance on the Fantom chain.