Pendle Relaunches AURA LSD Fund Pool, Opens Voting for New Aura Funds
According to reports, Pendle posted on social media stating that it has restarted the AURA LSD fund pool, and voting for all new Aura fund pools has now been opened. Incentive meas
According to reports, Pendle posted on social media stating that it has restarted the AURA LSD fund pool, and voting for all new Aura fund pools has now been opened. Incentive measures have been launched today at 8:00 Beijing time, and vePENDLE holders can now vote to earn rewards.
Pendle has restarted AURA LSD fund pool
Pendle, a decentralized finance (DeFi) protocol designed for yield optimization, recently announced the relaunch of its AURA LSD fund pool. This move offers an opportunity for investors to earn rewards by voting for new Aura funds. Incentive measures have been launched to further boost this initiative, providing an opportunity for vePENDLE holders to earn even more rewards. In this article, we will explore the details of Pendle’s relaunch of the AURA LSD fund pool and the new voting system.
Understanding Pendle’s AURA LSD Fund Pool
Pendle’s AURA LSD fund pool is the platform’s first fund pool that offers liquidity providers (LPs) the ability to earn yields from short-term investments in the DeFi space. As opposed to traditional investment funds, the AURA LSD fund pool operates like a savings account that grants investors annual percentage yields (APYs) for providing liquidity.
The newly relaunched AURA LSD fund pool will offer an updated feature called the Multi-Strategy Covered Call (MSCC) strategy. This new feature offers a wider range of yield-generating opportunities that aim to increase the APY of the pool for LPs.
The New Voting System
Pendle has introduced a new voting system that gives vePENDLE holders the power to vote for new Aura funds on the platform. By doing so, investors can earn additional rewards in the form of vePENDLE tokens.
To vote, vePENDLE holders need to stake their tokens on the Aura voting page of the Pendle platform. Once they have done so, they will receive voting power proportional to the amount of tokens staked. The voting system works by a quadratic voting mechanism that creates more influence for those with more tokens, but also allows smaller stakeholders who are passionate about a particular Aura fund to have a say as well.
Pendle has also launched incentive measures on top of the new voting system. These incentives reward vePENDLE holders who stake their tokens on the Aura Voting page for committing to their vote for a particular Aura fund.
Conclusion
Pendle’s relaunch of the AURA LSD fund pool and the new voting system is an exciting development for yield optimization seekers. It offers an opportunity for investors to earn rewards from short-term investments in the DeFi space through the AURA LSD fund pool. The new voting system provides investors with greater control over the development of new Aura funds and also rewards them for their involvement in the platform.
FAQ
Q: What is the AURA LSD fund pool?
A: The AURA LSD fund pool is Pendle’s first fund pool that offers yields to liquidity providers. It operates like a savings account that grants investors annual percentage yields (APYs) for providing liquidity.
Q: What is the Multi-Strategy Covered Call (MSCC) strategy?
A: The MSCC strategy is a new feature that offers a wider range of yield-generating opportunities in the DeFi space.
Q: How does Pendle’s new voting system work?
A: The new voting system allows vePENDLE holders to vote for new Aura funds on the platform. They can earn additional rewards in the form of vePENDLE tokens by staking their tokens on the Aura Voting page, which gives them proportional voting power. Pendle has also launched incentive measures to reward those who commit to their vote for a particular Aura fund.
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