📄️ Overview
Aurus introduces a groundbreaking solution for gold token holders, offering a digital representation of physical GOLD. This innovation allows holders to leverage tokenization benefits that are typically unattainable in the tangible world. By adopting the ERC20 token standard, the GOLD token provides ownership not just in entire gold ingots but in fractional amounts that collectively represent the ingot's total value. This digital representation empowers token holders to explore lending opportunities, a feat that would be challenging with physical gold.
📄️ Use Case
Aurus Protocol stands as a solution strategically constructed atop the open infrastructure provided by Defactor. This innovative solution capitalizes on the implementation of the ERC20 token standard and the sophisticated logic embedded within Smart Contracts. The core mechanism involves creating secure pools with collateralized tokens during borrowing and subsequently returning these tokens upon loan repayment. In essence, Aurus depends on the following components to execute this solution:
.svg){kind=small}
