Aurigami Crypto Platform

To participate in the lending and borrowing activities on the platform, users can deposit accepted assets to provide as collateral and borrow against their assets. The borrowing limit is subject to the collateralized assets. It is worth noting that there have been no hacks or exploits in the Aurigami finance protocol's history, but given the protocol's young age, it would be wise to exercise caution.

The key difference between Aurigami Finance and other DeFi platforms is that it is built on Aurora as the native money market. Aurora is an Ethereum Virtual Machine (EVM) proxy built on the Near network, which provides a faster and cheaper experience under Ethereum security. Aurigami is a candidate to be the center of the Aurora ecosystem in the Near network. Near has very active crypto money market platforms and protocols, and users can compare crypto platforms on the Near network using the platform's comparison tools.

Aurigami has its native token, PLY, which is used for utility and governance purposes. The PLY tokens were launched at an ICO with well-known VCs. The investors, team, and owners own the largest share of the tokens, while only 40% of the tokens are allocated to liquidity mining under a two-year vesting scheme. Locked tokens in liquidity mining will be released over time to liquidity providers with a scheme that rewards early participants with better rates.

The protocol's smart contracts are shared on the GitHub profile, and anyone can check the code. There is also an audit report by a third-party auditing firm WatchPug on GitHub. However, Aurigami Finance is not considered open-source because we do not have access to all underlying codes of the platform. The platform is still relatively new and promising, but unwanted experiences frequently happen in the DeFi market. Aurigami still needs time to prove its security and efficiency.

In conclusion, Aurigami is a promising newcomer in the DeFi space, offering a user-friendly platform for lending, borrowing, and earning interest with cryptocurrencies. The platform's use of Aurora as the native money market and its native token, PLY, for utility and governance purposes, set it apart from other DeFi platforms. Although the platform is relatively new and needs to prove its security and efficiency, its transparency and audit report provide some reassurance to users. As with all DeFi platforms, it is important to exercise caution and conduct thorough research before participating in any activities.

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