Introduction

Find out how we help make $AURORA Brilliant

What is Brilliant Finance

Brilliant Finance offers the first decentralized algorithmic stable coin on Aurora, pegged to the price of 1 BTFI via seigniorage.

The protocol's underlying mechanisms are designed in a way to ensure a peg of $BTFI:$AURORA is achieved, and once achieved, it is maintained to establish $BTFI as a mirrored, liquid asset to $AURORA. Protocol accomplishes this by introducing unique economic and game-theory centric dynamics into the market through its three tokens.

Brilliant Finance plans to launch early February and is modeled/inspired by a highly successful project, Tomb Finance on the Fantom chain.

How Does The Protocol Work

The Brilliant Finance protocol is based on a series of complex interactions, with the behavior of multiple stakeholders deciding the pricing dynamics of the multiple tokens of the ecosystem.

When $BTFI price is over the peg (like it is expected it will be for the initial few weeks/months of the project), new $BTFI are minted to drive the price down. These new $BTFI are allocated to BTSHARE holders in the boardroom, thus staking $BTSHARE in the boardroom makes the most logical sense during this period.

When $BTFI price is at the peg, $BTFI holders can use the BTFI-AURORA LP to increase their yield. At this point, new $BTFI will stop getting minted, and each investor's $BTSHARE will drive voting rights to have a say in the governance of the platform through DAO.

When $BTFI price drops below the peg, investor's strategy should lean towards buying $BTBOND using $BTFI. The $BTFI used to buy $BTBOND will be burned, which reduces supply of $BTFI and brings its price back to peg, at which point investors can sell $BTBOND to earn profit.

The strategy that brings most investors profits & best long-term growth to the protocol is the Brilliant Re-staking Strategy, so we recommend new investors to start there.

What Is the Purpose of Brilliant?

In the short term, until the peg is achieved, BTFI is focusing on optimizing the protocol and creating wealth for our early investors through Farms and Boardroom.

Once the peg is achieved, the system’s mechanisms will focus on stability and consistency so that $BTFI can function as a mirrored, liquid asset to $AURORA.

For BTFI to have value, AURORA needs too to have value - for this, we need a vibrant AURORA ecosystem with flourishing projects.

The Three Tokens of Brilliant

Brilliant Finance’s multi-token protocol consists of the following three tokens and each plays a critical role in establishing this protocol:

1. Brilliant Tokens ($BTFI) - The BTFI token is designed for use as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain BTFI’s peg of 1 BTFI = 1 AURORA

2. Brilliant Shares ($BTSHARE) - BTSHARE token holders have both governance voting and ownership rights of the protocol. Once DAO is established, they will play a crucial role in the governance of Unite. BTSHARE can be staked in the boardroom to earn a part of minted BTFI as rewards.

3. Brilliant Bonds ($BTBOND) - BTBOND’s main job is to help incentivize and reward users for ensuring peg during an epoch contraction period.