The notion of “finance for the people” can be traced back to the days of ancient Rome. Aera is derived from the word Aerarium, a public treasury in Rome, housed in the Temple of Saturn and associated with wealth in Roman mythology. As a central clearinghouse, it managed and balanced all public accounts.
In a bear market, a DAO’s insurance/treasury fund is correlated to its liabilities. At a time when the insurance fund is needed most, its value drops with the liabilities it needs to cover. When markets are crashing, Treasury Managers don't have time for a decentralized governance process; you need to be reactive to market conditions.
The Aera protocol provides robust coverage that grows with markets while covering downside risk.
How to Participate
Are you an experienced risk analyst? A vault guardian is a party that submits parameters (weights of assets) against an Aera vault to define the allocation of assets in the vault. Their submissions are aggregated amongst other Parameter submitters, and weighted based on historical performance and other factors. If you’d like to participate in this capacity in the near future, sign up here.
Are you a member of a DAO with a treasury or insurance fund you’re managing? You may want to become a client. A client is any protocol that deposits a portion of their treasury or reserves into an Aera Vault. Clients typically are treasury managers or risk analysts on the behalf of a DAO. Today, the protocol is open to limited alpha partners. If you’d like to participate in this capacity, sign up here.
A party that rebalances the vault to achieve the target share defined by the Vault Guardians. They get incentivized with a discount for rebalancing. If you are interested in participating in this capacity, sign up here.