Frequently Asked Questions (FAQ)

General

What is Aura?

Aura is a decentralized prediction platform built on Alephium, where users can predict outcomes of future events, trade shares, and participate in community governance.

What makes Aura different from other prediction markets?

Aura utilizes Alephium's scalable blockchain, offering lower fees, faster transactions, and a unique vaulting tier system that provides extensive user benefits.

Passkeys & Wallets

What is a passkey wallet?

A passkey wallet is a non-custodial crypto wallet secured by your device's biometrics (Face ID, Touch ID, Windows Hello) instead of a seed phrase. It's the easiest way to get started on Aura.

Are passkey wallets safe?

Yes! Passkeys are fully non-custodial, your private key is stored only in your device's secure enclave. Aura never has access to your keys. This provides the same security as traditional wallets without the risk of losing a seed phrase.

Can I use my existing Alephium wallet?

Absolutely. If you already have an Alephium wallet (browser extension), you can connect it directly. Passkeys are simply an additional option for easier onboarding.

What if I lose my device?

Passkeys sync across your devices via iCloud (Apple), Google Password Manager (Android), or Microsoft account (Windows). As long as you have access to your cloud account, you can recover your wallet on a new device.

Bridging & Deposits

How do I deposit USDT from Ethereum or BSC?

Use the "Deposit" button in Aura and select your source chain (Ethereum or BSC). Connect your EVM wallet (MetaMask, etc.), enter the amount, and confirm. The Wormhole bridge will transfer your USDT to Aura automatically.

How long does bridging take?

Typically 10-20 minutes. The time depends on network congestion and Wormhole Guardian attestation.

Are there fees for bridging?

You pay the standard gas fee on your source chain (ETH or BSC). Aura does not charge any additional deposit fees.

Is the bridge safe?

Yes. Aura uses Wormhole, one of the most trusted bridges in crypto. It's secured by 19 independent Guardian validators and has processed billions of dollars in transfers.

Can I withdraw back to Ethereum or BSC?

Yes. Use the "Withdraw" function to bridge your USDT back to Ethereum or BSC. The process takes about 10-20 minutes.

Token & Vaulting

What is the $AURA token?

$AURA is Aura's governance token. Vaulting (staking) $AURA unlocks voting power, fee-sharing opportunities, and market creation privileges.

How do I stake (vault) $AURA tokens?

Visit the "Vault" section on the Aura website, input the number of tokens you wish to stake, and confirm the transaction via your connected wallet.

Can I withdraw staked tokens?

Yes, you can request to unlock your tokens at any time. Once initiated, a mandatory 7-day cooldown applies before withdrawal.

Market Creation & Trading

How do I create a new market?

Ensure you have at least a Iron-tier status, navigate to the "Propose Market" button, complete the proposal form, and submit it for community voting.

Is there a limit on how many markets I can propose?

Yes, tiered users can submit a maximum of 25 market proposals per day, with a cooldown period of one minute between proposals.

What fees are involved in trading?

A small, transparent 2.5% trading fee is applied to each transaction conducted in USDT.

Market Outcomes & Disputes

How is the outcome of a market determined?

Outcomes are initially proposed by users post-market completion and finalized through community voting if disputes arise.

What if I disagree with a proposed market outcome?

You can initiate a dispute by posting a dispute bond. This action triggers a 24-hour community voting period to resolve the outcome.

Who can vote on disputed outcomes?

Only neutral voters without active positions in the disputed market, holding vaulted $AURA tokens, may participate in the outcome voting process.