> For the complete documentation index, see [llms.txt](https://docs.kaiaura.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.kaiaura.finance/ecosystem-and-background.md).

# Ecosystem & Background

### What is Balancer? <a href="#what-is-balancer" id="what-is-balancer"></a>

Balancer is a decentralized automated market maker (AMM) protocol built on Ethereum that represents a flexible building block for programmable liquidity. Fees from swaps are paid to the veBal holders. [Read more.](https://docs.balancer.fi/concepts/overview/basics.html)

<figure><img src="/files/H4RO4IfCMnLXZxeTxHz2" alt="" width="375"><figcaption></figcaption></figure>

### What is Aura?

Temple of abundance built upon a prospering balancer ecosystem. Aura collects veBal, and uses the fee revenue and the Aura token to strengthen an ecosystem built on Balancer. Aura helps users hold liquid positions, and maximize yields.  [Read more. ](https://docs.aura.finance/aura/what-is-aura)

<figure><img src="/files/ML54Qo7fI4uz8KvVKYAv" alt=""><figcaption></figcaption></figure>

The understanding of the above Dapps leads to a prosperous journey with kai&#x20;