Aurora is a decentralized cryptobanking and financial platform. It's a collection of several Ethereum-based applications and protocols.
Aurora provides an asset-backed stablecoin used on its services, called the Boreal, maintained at $1. Boreals can be loaned using a cryptobank platform called the Decentralized Capital, which uses identity tools like Uport and Civic alongside credit scoring tools like Bloom to evaluate loan risk.
IDEX is Aurora's decentralized exchange supporting real-timeShow more [+] rading and high transaction throughput, which offers a 5% discount for trading with Boreal. Aurora will implement the Snowglobe protocol into IDEX, a sharded PoS childchain integrated to the Ethereum blockchain.
AURA is the token used for Snowglobe's PoS. As part of the Market Maker reward program, 20% of AURA's supply will be distributed to traders placing and executing limit orders on IDEX. Market makers trading on IDEX receive a reward in AURA proportional to their fees. 1% of the total AURA suplly will be distributed in the first month of the program and the remaining AURA allocated to the reward program will be distributed in a progressively reducing rate.