Atmos Protocol and Aurigami Cooperation

Published on: 06.08.2022
Atmos Protocol and Aurigami Cooperation

Atmos Protocol and Aurigami cooperation were successful.  Automated Market Operation will deposit idle USDC into the Aurigami Finance USDC lending pool with the highest deposit APY in  Aurora.

Aurigami is a decentralized, non-custodial liquidity protocol. The protocol enables users to effortlessly lend, borrow, and earn interest with their digital assets. Additionally, depositors provide liquidity to the protocol to earn a passive income, while borrowers are able to borrow in an over-collateralized fashion.

Depositors will receive continuous earnings (interest) on their deposited assets. The earning rates adjust algorithmically for each asset based on their independent market conditions.

The auToken is a representation of the user’s asset balance supplied to the Aurigami protocol. The auToken mint base on the underlying asset deposited to the protocol (auUSDC, auDAI, etc). The exchange rate between auTokens to the underlying appreciates as more interest is earns in the market.

Atmos AMO and Aurigami USDC pool

Atmos Protocol has the AMOs mechanism — automated market operations that include Collateral Investor and Protocol Earned Liquidity. Let’s talk about Collateral Investor.

The Collateral Investor moves idle USDC collateral to DeFi protocols (protocols can be added through governance).

Finally, they have approved that Atmos Protocol will deposit idle USDC into the Aurigami USDC lending pool.

Actions with the idle USDC

Once a user wishes to mint aUSD, he needs to deposit both USDC and ATM tokens based on the current Target CR. While ATM moves to the Protocol Earned Liquidity, idle USDC does not just lie on the contract, it automatically gets invest.

Moreover, the collateral invested with an instant withdrawal ability does not count as decreasing the protocol’s CR since it is always spontaneously available to the protocol.

The protocol automatically invests up to 85% of USDC collateral to generate passive income. Profit from depositing converts to ATM. The execution flow is both immediate and efficient in terms of maintaining the ATM price indefinitely, as the token is buy-back, and burnt.

Furthermore, collateral investment has the potential to provide a substantial income in addition to the benefits outlined above. In addition, both principal and interest can naturally expand ECR and contribute to the system’s long-term stability.


Aurigami (PLY) enables users to 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-collateralized fashion. Aurigami is pioneering the concept of “Liquid Locked Tokens’’ to allow a DeFi-native solution for vested tokens. Aurigami is backed by top-tier investors such as Dragonfly Capital as well as Polychain Capital and is a proud recipient of Proximity Lab’s DeFi Grants.

Website | Twitter


Atmos is an entirely decentralize, open-source, permissionless protocol that operates on the Aurora chain. The protocol aims to provide an automated stablecoin mechanism, with
minimization of control and human influence, which brings decentralized and algorithmic
money to the entire space of the blockchain.

Website | Twitter




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