Aurigami User Guide

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Aurigami User G...

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Aurigami User Guide

2 mins read / updated on Thu Aug 31 2023

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Aurigami is the native money market in Aurora that allows you to lend, borrow & earn.

Here’s a step-by-step guide on how you can use NearX as collateral to generate strong yields on Aurigami:

Lending

  • Stake wNEAR with Stader & get NearX. Link to the $wNear staking guide — click
  • Click on the “DeFi” button, on Stader-Aurora dApp.
  • On the DeFi page under Lending and Borrowing section. You can see NearX-Aurigami option, click on the “SUPPLY” button.
  • You will be navigated to Aurigami. Please connect your wallet.
  • Check for NearX out of the given options and click on the “Deposit” button.
  • Enter the amount of NearX you wish to deposit and click on the “Deposit” button.
  • Approve the transaction on your Wallet.
  • Done! You can check your deposits in the “My Account” section

Borrowing

  • Enable the deposited assets as collateral by clicking on the collateral toggle button under the “My Account” section.
  • Click on the “Enable Now” button.
  • Sign the transaction in your wallet and the deposited asset will be enabled as collateral.
  • Check for wNear out of the given options and click on the “Borrow” button.
  • Enter the amount of wNear you wish to borrow and click on the “Borrow” button.
  • Approve the transaction on your Wallet.
  • Done! You can check your borrowed assets in the “My Account” section

That’s it!

Fairly simple, just follow the steps.

Let’s get started right away: Click Here

By:

Vikas Chauhan

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