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Aurigami (Ticker: AMM) is a cryptocurrency, deployed on Aurora Blockchain
Aurigami is a decentralised, non-custodial liquidity protocol. The protocol enables users to effortlessly lend, borrow, and earn interest with their digital assets. Depositors provide liquidity to the protocol to earn a passive income, while borrowers are able to borrow in an over-collateralised fashion.
To interact with Aurigami, users simply deposit their preferred assets supported by the protocol. Depositing assets into Aurigami entitles users to interest earning based on the market borrowing demand. Additionally, deposited assets can be used as collaterals to borrow other assets. Interest earned from deposited assets will help offset the accumulated interest from borrowing.
The incentive given to liquidators to perform liquidations and keeping the protocol solvent. A liquidation incentive of 10% means that liquidators will receive 10% of the borrower's collateral on liquidation.
