> For the complete documentation index, see [llms.txt](https://aura-protocol.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://aura-protocol.gitbook.io/docs/introduction/features-and-utility.md).

# Features & Utility

Our infrastructure leverages a peer-reviewed technical stack, establishing a robust and secure framework optimized for both fundraising operations and yield farming activities.

Below are the core features that drive our ecosystem:

## Launchpad

The Launchpad is the engine of the Aura ecosystem, serving as the definitive gateway to high-potential projects. We provide a curated, end-to-end environment where innovation meets liquidity, ensuring every venture is vetted, transparent, and built to scale.

Our pipeline turns ambitious visions into fully-funded realities through these distinct phases:

#### Application & Internal Review

Founders submit their project vision, tokenomics, roadmap, and whitepaper for initial assessment. Upon a successful internal review, which combines both automated and human-led analysis, our team coordinates directly with founders primarily via Discord to complete comprehensive due diligence, including optional KYC. Once vetted and approved, the product is officially listed on the platform and proceeds immediately to the community voting stage to gauge collective support.

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Each project on the launchpad displays a verification badge indicating the team's KYC status, ensuring investors have full transparency. Projects without this badge have not completed the KYC process.
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#### Community Voting

Once a project clears the internal review, it is listed on the protocol and enters the community voting phase. Participation requires staking AURA tokens via the 'Stake & Yield' page. Voting power is proportional to the amount of AURA committed, with each token representing one voting unit for 'Yes' or 'No' decisions, rather than a per-head approach.

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Users may stake any amount of AURA tokens, meaning there are no upper or lower limits to the size of a stake or the resulting voting power a participant can wield at any time.
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#### Purchase Phase

After the community voting phase, the project sale begins for a fixed duration, governed by specific financial parameters including token price, a soft cap, and a hard cap. To ensure equitable distribution, participation is subject to defined minimum and maximum buy thresholds, allowing multiple purchases as long as the cumulative total remains within the user's allocated limit. Sales may be private, restricted to a pre-approved whitelist, or public and open to all participants.

To maintain long-term alignment, tokens are released through standardized vesting schedules, such as cliff vesting where assets remain locked until a milestone, or linear vesting which combines an initial release with incremental distributions over a set timeframe.

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If a project fails to reach its soft cap, the sale is considered void, and participants may reclaim their invested tokens by redeeming them directly through the pools page.
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#### Vesting & Asset Distribution

For non-vested tokens, users may redeem their holdings immediately upon the conclusion of the sale, whereas users holding vested tokens must adhere to the project's predefined schedule, claiming their assets only at the designated distribution intervals.

## Stake & Yield Farming

We collaborate with product teams that wish to offer staking & yield options to the community by giving their holders a seamless and streamlined avenue to lock up their tokens (with a predefined minimum lockup period) and earn yield based off a predefined APY (Annual Percentage Yield).

Once the lockup period is exceeded users can unstake their staked tokens (alongside the accrued rewards).

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Unstaking tokens prior to the designated unlock dates triggers a 10% penalty on the principal amount, while any accrued rewards remain unaffected and are excluded from this deduction.
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We prioritize providing a secure environment for your investments and yield-earning activities. Although we conduct rigorous vetting for all projects listed on our platform, no listing constitutes financial advice, and you should always conduct your own thorough due diligence and research before participating in any investment.
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