# Introduction

## 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](https://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.

{% hint style="info" %}
ORA Finance was launched on xxth July 2022 and is modelled/inspired by a highly successful project, Tomb Finance on the Fantom chain.
{% endhint %}


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