Australis app’s beta version is LIVE on Aurora mainnet!
We’re happy to announce our beta version is live on the Aurora mainnet. The possibility of testing our services on Aurora testnet has already been available on testnet.australis.finance but now you can become a native on Australis by starting with australis.finance beta version and give us your feedback on your initial user experience. We’ll make sure to remember our fantastic OGs when we’re about to drop new features.
Australis is a decentralized liquidity protocol that enables users to lend, borrow and earn passive income on their crypto assets. We’re striving to take a step towards further progress of individual sovereignty in personal finance on the modern money market.
We strive to expand financial opportunities in Defi and facilitate broadened financial possibilities. Australis advocates individuality therefore, provides a seamless, trustless and bank-free experience whilst contributing to the flow of value across the globe.
We’re introducing flash loans to the Aurora ecosystem to provide users with incredible opportunities in the field of decentralized finance.
Initial Assets on Australis:
- DAI
- USDC
- USDT
- AURORA
- NEAR
- ETH
- WETH
- WBTC
You can deposit all of the above and earn passive income, depending on the APY. you can use all of these assets as collateral and borrow up to 80% of your collateral value — save for USDT due to the higher risk factor of this specific asset. However, due to higher demand for stablecoins from borrowers, coins such as USDT are highly rewarding to deposit.
Also, AURORA, the native token of the Aurora network is not available for borrowing to preserve the token value from any market price fluctuation that could be resulted from our services.
For a deeper dive into the choice of our initially provided assets based on market data and risk analysis please check out our user docs. We’ve also provided detailed parameters on each asset, here.
