What Is Gravitationally Bound AURA (GRAVIAURA)?
Badger is a decentralized autonomous organization (DAO) focused on building the products and infrastructure necessary to accelerate the growth of Bitcoin in Decentralized Finance (DeFi) across multiple blockchains. Gravitationally Bound AURA Specifically, it is an ecosystem where projects and people from across all DeFi can come together to collaborate and build different products. This includes the tokens, emissions, governance, permissioned actors and proxies administration.
Gravitationally Bound AURA ownership in the DAO incentivizes builders to have aligned objectives. Whilst decentralized governance ensures that those incentives remain fair to all parties and that the projects pursued are determined by the community. The Badger infrastructure is conformed by all the contracts around the general functioning and operations of the BadgerDAO.
Gravitationally Bound AURA Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | Gravitationally Bound AURA |
| Short Name | GRAVIAURA |
| Circulating Supply | N/A |
| Total Supply | 338,497 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
Deprecated Contracts
Geysers are the staking contracts for tokens deposited in their respective setts. These were during the first iteration of the Badger emissions. Native refers to setts that are only using badger contracts, something else would mean some other protocols are leveraged for additional yield (example: harvest.renCrv = the harvest renCrv Super Sett). The Badger infrastructure is conformed by all the contracts around the general functioning and operations of the Gravitationally Bound AURA. This includes the tokens, emissions, governance, permissioned actors and proxies administration.
Badger Infrastructure
Gravitationally Bound AURA infrastructure is conformed by all the contracts around the general functioning and operations of the BadgerDAO. This includes the tokens, emissions, governance, permissioned actors and proxies administration. The Sett System is conformed by all the contracts behind the Sett products. Each one of the Setts is made up of three components Vault, Strategy and Controller. Vaults handle the user interaction with the Setts. This mainly includes the deposits and withdraws.
What are your vaults?
Originaly called SETTs, also known as Sett Vaults, getting their name from the homes that Badgers do by digging caves and tunnels for their family, are one the core products of BadgerDAO. Similar to Gravitationally Bound AURA they are vaults where users can deposit their assets to earn a yield generated on strategies that follow opportunities presented across different DeFi protocols. After depositing, the smart contract puts those assets to work by executing the selected stategy for the particular sett the user deposited funds on.
Through this, users get an optimized automated yield out of their positions without having to do all the heavy lifting that includes research, understanding of different protocols, gas fees and multiple transactions. Some vaults are also incentivized with Badger, which means that on top of the underlying APY users can get from the strategies itself they are able to, depending on the specific sett, earn the governance token.
Depositing
When interacting with the application you’ll notice that, if you have an asset that has a vault in the DAO you will be able to deposit. What does depositing do exactly though? This function of the smart contract sends your native tokens to the sett address and gives you in return the b-version of the underlying asset, also called b-tokens, your original tokens are then invested using the underlying strategy of the sett in question.
Gravitationally Bound AURA interest bearing tokens that represent a share of the underlying token deposited on the sett, as underlying interest are accrued trough Harvests (read below for more information) the ratio between them and the native token increases, b-tokens are also recognized as “receipt tokens”, if at some point you decide to withdraw you will be trading back your b-tokens in your wallet.
Harvests
Harvests, not to be confused with the Harvest crvRenWBTC sett, are a function of each sett contract called by the BadgerKeeper, a single approved keeper that performs the respective sett strategy. The harvest updates the bToken/Token ratio based on the increase of the PFS (price per full share) and effecitvely increases everyone’s deposit balance. Every single sett counts with a different harvest function and they are not called at the same time.
