About Aurum
A decentralized stablecoin backed by AUR (tokenized gold) and ETH: designed for capital efficiency, transparency, and resilience.
Photo by Scottsdale Mint on Unsplash
Total Collateral
$0.00
Total Debt
0.0000
Utilization
0.0%
Treasury
0.0000
Transparency
The protocol can only be paused by the owner when the global collateralization ratio falls below 110%. Currently:
Calculated live from on-chain protocol data.
What is Aurum?
Aurum is a decentralized, over-collateralized stablecoin system backed by tokenized gold (AUR) and WETH. Users can deposit these assets to mint Aurum USD (AUSD), a stablecoin pegged to $1 USD. The protocol is designed for capital efficiency, taking advantage of gold's historical stability while maintaining robust per-collateral risk management for both collateral types.
This is the V2-beta release, which adds multi-collateral support, automatic per-collateral debt allocation, a dynamic interest rate model, volatility-based LTVs, a dynamic close factor, a treasury with bad-debt protection, Chainlink Automation, and a savings contract.
Key Features
Multi-Collateral Support
Deposit both AUR and WETH as collateral. Each asset has its own LTV, debt ceiling, and risk parameters.
Dynamic LTV
LTV ratios adjust automatically based on each collateral's annualized volatility, keeping the protocol safe in fluctuating markets.
Dynamic Close Factor
Liquidation amounts scale with the severity of a position's insolvency: fair for nearly-healthy positions and aggressive for deeply underwater positions.
Treasury & Bad-Debt Reserve
Protocol fees accumulate in a treasury that acts as a lender of last resort, covering insolvent positions when normal liquidations cannot.
Savings Yield
Deposit AUSD into the savings contract and earn yield generated from protocol fees (interest and liquidations).
Chainlink Automation
Hourly index updates and daily LTV adjustments keep the protocol autonomous and responsive to real-time data.
Current Risk Parameters
Loading on-chain parameters...
* Values fetched live from the Sepolia testnet. LTV adjusts dynamically with volatility.
Design Philosophy
Capital Efficiency
Gold's low volatility allows an 85% LTV, giving you more borrowing power with less collateral.
User Protection
Partial liquidations, slippage-protected redemptions, and a dynamic close factor prevent unnecessary wipeouts.
Transparency & Autonomy
All risk parameters are verifiable on-chain, and Chainlink Automation handles upkeep without central control.
Links & References
Disclaimer: This protocol is unaudited and deployed on the Sepolia testnet for demonstration purposes. It is not intended for production use with real funds. All risk parameters are configurable and should be carefully evaluated before any mainnet deployment.