The oAU Advantage
The AU token Auction is taking place on Axis Finance from August 28-30. Shortly after, AU Staking will go live as the Aurelius application moves into its next stage of development. Central to these developments is the introduction of oAU, Aurelius’s perpetual call option token.
Users can redeem, hold, or trade oAU. Each token represents a unique opportunity to purchase AU token at a discounted price.
For example, let’s say a Legionnaire has 1000 oAU as a reward from their performance in the Salt Wars. They can pay 500 AU worth of MNT to redeem 1000 AU. In this scenario, the effective yield is 500 AU.
Note: oAU uses a time-weighted average price oracle so you should take care when redeeming by checking the market-sell price of any redeemed AU before finalizing any redemption if you plan on recouping your purchase cost.
Our fellow Cod3x protocol, Ironclad, recently launched with oICL and secured 0.6% of the circulating $MODE supply through their oToken, demonstrating a huge improvement in protocol sustainability through emissions.
Why use oAU as a reward token?
As a long-term solution, the oAU token in Aurelius will focus on shifting the value from short-term airdrop farmers to those users committed to the protocol’s long-term success and growth.
When redeeming, the amount paid to obtain your $AU, called a premium, would be used to either buy back AU or to pair with AU in the treasury to deepen liquidity.
By adopting oAU, Aurelius can route substantial fees to AU stakers, promoting sustainable growth, and even those who farm and dump indirectly support the token and deepen liquidity while redeeming their rewards.
Conclusion
As Aurelius charges forward on the Mantle network, maximising user rewards and protocol long-term protocol success are our guiding beacons.
By adopting oAU, you not only benefit yourself but also help in building a more robust and sustainable ecosystem on Aurelius.
oAU is on it’s way to transform value for those users committed to the protocol’s long-term success and growth. The AU token Auction is taking place on Axis Finance from August 28-30, giving the Legion a perfect opportunity to be on the AU journey from the very beginning!
