Balancer Yield Management Platform Aura Finance Will Conduct LBP on June 9th UTC

Balancer yield management platform Aura Finance has announced that it will conduct a five-day LBP on June 9 at 18:00am UTC, along with the launch of the Aura contract and website. It is reported that 2% of the total AURA supply will be distributed directly to auraBAL stakers (important note: including those that opt to lock their airdrop) over the first two weeks of the protocol. In addition, Aura Finance will open the auraBAL deposits and liquidity incentives on June 16 and begin distributing airdrops to the Balancer, Convex Finance and lobsterdao communities. Those that choose to claim to their wallet their share of these rewards will pay a 30% penalty, in order to ensure $AURA is utilized in the protocol from early on by active wallets. These airdrop penalties will accrue and be automatically assigned to vlAURA holders one month after the protocol launch.