Key Functions & Mechanisms
Last updated
Last updated
Aurica's Treasury holds a diversified portfolio, including Web3 assets like , Tether (USDT), and the platform's native token, $AURI. It also holds RWAs like carbon credits and EUAs, which underpin the platform's environmental impact.
The Treasury operates as a 'Carbon Fund,' providing liquidity to the carbon credit market. This liquidity empowers entities like MarinaChain and shipping companies to transact and invest in carbon reduction initiatives effectively.
Aurica's Treasury supports green projects by offering loans or grants, facilitating an increase in environmental projects' scope and scale, or being the catalyst that helps new projects get started. It aims to profit from these investments, creating a sustainable cycle of growth and impact.
The Treasury plans to mint an overcollateralized stablecoin, backed by the RWAs it holds. Named $AUSD (Aurica USD), it will be pegged to the U.S. dollar, subject to regulatory compliance and public perception.
Note: Due to evolving regulatory climate and the current public perception of non-fiat-backed stablecoins since the collapse of UST, this is a long term feature that will only be implemented if conditions are favorable.
Governance plays a pivotal role in deciding the Treasury's actions. $AURI stakers, especially those holding veAuri (voting-escrowed Auri) tokens, will have voting rights on Treasury decisions. Additionally, as the Treasury grows, benefits will be returned to the platform participants and $AURI stakers in the form of airdrops.
