Moonfarm partners with Aurus to bring yield farming to Precious Metal backed tokens
After going through the journey since Moonfarm was born. After the cooperation with famous partners. Today we are pleased to announce that we will partner with Aurus — A special and novel company that is empowering the traditional precious metals industry with innovative blockchain-based solutions that facilitate ownership and enhance the usability of gold, silver, and platinum.
Inside Aurus system:
Aurus has created an ecosystem made up of refineries, vaults, and brokers that work together to autonomously mint their own precious metal-backed tokens: AurusGOLD (AWG), AurusSILVER (AWS), AurusPLATINUM (AWP). Aurus industry partners are incentivized to participate by receiving a portion of the revenues generated by AWG, AWS, AWP. The other revenues are distributed to the holders of a revenue-sharing token, AurusDeFi (AWX). It is a highly scalable, self-sustaining ecosystem that the entire precious metals industry can benefit from…
AurusDeFi (AWX) is a revenue-sharing token limited to a total supply of 30 million units. AWX derives 50% of the revenues generated by AurusGOLD and 30% by AurusSILVER, AurusPLATINUM. Therefore posing as a great way to invest in the future success of Aurus.
Initially, Moonfarm Finance will work with Aurus to marketing promotional products for each other, we will hold an AMA to promote the cooperation of 2 projects in both communities on Telegram channels. Additionally, Moonfarm Finance and Aurus can announce introductions and connect investors for each other. Furthermore, Moonfarm will open 3 special farming pools for the Aurus community as well as AWS tokens backed by silver, one of the most popular precious metals:
- AWS single vault.
- MFO earns AWX.
Moonfarm will provide a special opportunity for MFO stakers the opportunity to own silver digital (each token is fully backed by, and redeemable for 1 gram of LBMA-accredited silver).
Quote from Aurus about Moonfarm
Global Institutional Markets at Aurus, Jonathan Boyd:
“We believe Moonfarm has a really innovative solution that will help to increase yields on precious metals and minimizes the risk of impermanent loss. CeDeFi and yield aggregation are the future and we are proud to partner with Moonfarm Finance. Positioning precious metals as yield-bearing assets is a revolutionary innovation in itself. Together we will add more precious metals on-chain, as a result, bringing real-world assets and added value to all users on the Moonfarm platform.”
Chief Growth Officer at Moonfarm Finance, Frank Dang:
“I’m really excited! I mean this collaboration is very different from the previous projects we worked on. Aurus is a representative of traditional precious metal storage companies, but using Blockchain technology is a whole new step. This also proves that the wheel of the combination between traditional finance and fintech is moving faster and faster. I am very happy and want everyone to join this event at Moonfarm Finance so as not to miss out on great opportunities.”
Aurus is a UK company that empowers the traditional precious metals market with an open platform to tokenize bullion into AurusGOLD (AWG), AurusSILVER (AWS), and AurusPLATINUM (AWP). Aurus is replicating the traditional precious metals market in a digital way, creating an ecosystem made up of providers, vaults, and distributors that work together to produce and distribute stablecoins backed by gold, silver, and platinum.
Moonfarm is a DeFi and Centralized Finance (CeFi) hybrid yield farming aggregator. It provides the best of both worlds, offering all the cost-effectiveness, easy access, transparency, and rapidity of DeFi yield farming, in addition to offering the security associated with a centralized financial ecosystem.
Moonfarm optimizes Yield Farming interest (APY/ APR) and provides users with the ability to choose what farms they want to use, or the system will automatically determine the best farming strategies using the yield optimization engine.