Breaking Boundaries: Timeswap Unleashes Aura Vault Tokens with ERC-4626 Support!
Timeswap is all about limitless possibilities. We’ve already proven our versatility by supporting any ERC-20 tokens, from LP tokens to governance tokens and beyond.
And now, get ready for a game-changing update: We’re proud to announce that Timeswap now supports the ERC-4626 token standard, starting with the Aura BPT tokens from Aura Finance. This integration unlocks a whole new world of Vault Share tokens, opening up incredible opportunities for our users.
With our oracleless and permissionless framework, there are no constraints on token types. As long as the token standard is supported, creating lending and borrowing pools becomes effortless.
Embrace the freedom and flexibility of Timeswap as we constantly expand our offerings and empower our community. This implementation allows us to tap into the massive market of Vault Share tokens, setting the stage for even greater success.
What is the ERC-4626 standard?
ERC-4626 tokens are fungible tokens which represent the ownership of a particular Vault. These vaults are predominantly yield-bearing, meaning users deposit tokens in the vault and the vault performs certain actions which help users generate yields. ERC-4626 is a valuable standard that can help to improve the security, standardization, and interoperability of yield-bearing vaults. It also makes it easier for developers to create and deploy Yield bearing vaults. One such example of it is the Aura BPT Vaults.
What are Aura’s BPT vaults?
Aura’s BPT vaults are built on top of Balancer, enabling Liquidity Providers to maximize their yields. Liquidity providers can deposit their BPT tokens from Balancer into the Aura vaults to receive the Vault shares as a receipt. Depositing on Aura helps them boost the yields because Aura has its own Protocol Owned veBAL. Liquidity Providers also receive $AURA token rewards. This makes a strong use case for Balancer LPs to deposit their BPT on Aura. With a strong TVL of $544M, Aura Vaults have shown how much value can be achieved by aggregating governance and sharing incentives.
Timeswap X Aura
Timeswap is a fully decentralised, fixed-term, AMM-based lending/borrowing protocol. With no oracles and no liquidations, it works with any ERC-20 & ERC-4626 token available.
Timeswap has two lending/borrowing markets where Aura’s BPT tokens can be used as collateral to borrow $USDC. Aura’s BPT token holders can borrow $USDC at a fixed APR while being assured of not getting liquidated. This will help LPs to get access to temporary liquidity while earning the base yield from Aura. Borrowed tokens can be used to acquire more Aura BPTs, giving leveraged exposure to the underlying yields. Read more about the pools launched here:
This pool happens to show how much value a money market can unlock for Liquidity providers across DeFi. We’re excited to witness Time Travelers making the most using the Aura Pools.
Time is Money ⏳
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