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According to Aurora Labs, the Aurora Intents protocol has integrated the Solana network with the Elara Finance treasury product on Ethereum, allowing users to deposit stablecoins with one signature and confirm staking with a second.
In a press release dated 15 October, Aurora Labs said the integration allows Solana users to access Elara through the wallet they already use, while deposited funds are transferred to Ethereum. The company described the Solana connection as working within the Elara application, with deposits and withdrawals carried out from the same wallet.
Aurora Intents processes deposits before a separate staking approval
Under the procedure described in the announcement, the user first makes a deposit from a Solana wallet. Aurora Labs said the funds arrive on Ethereum, where Elara issues elUSD, its dollar-pegged treasury asset.
After receiving elUSD, the user confirms a second transaction from the same Solana wallet to stake these tokens into sELUSD. Elara said the staking tokens earn yield from stablecoin market making.
As a result of the resulting position, Aurora Labs said, elUSD and sELUSD remain on Ethereum in an account controlled by the user's Solana wallet. The company also said Aurora Intents does not hold funds at any point during the process.
Aurora Labs said that with Intents Connect, applications can process actions in the target blockchain after funds are transferred there, including creation, staking, and deposits. In Elara's case, the company described a procedure of confirming the deposit followed by a separate signature for staking, with both operations performed from the original Solana wallet.
Declan Hannon, CEO of Aurora Labs, linked the integration to the steps users go through when entering product details into another blockchain network.
"Every additional step between the user and the product costs that product additional deposits," Hannon said.
In the same statement, Hannon said users would prefer to do without "switching to top up their balance and buying gas," adding that Aurora Intents handles the route between their existing wallets and Elara.
When withdrawing funds from Elara, stablecoins are returned to the original Solana wallet
The withdrawal announcement said users first unstake sELUSD and exchange elUSD for stablecoins. Aurora Intents then returns the funds to the Solana wallet, completing the withdrawal through the same wallet used to enter the product.
Elara positions itself as a treasury management product within the Brila ecosystem. According to the description, stablecoin deposits create elUSD, and staking that asset as sELUSD provides access to a yield strategy based on market making.
Sebastian Davis, head of strategy at Elara, said the integration targets stablecoins already held in Solana and does not require their owners to manage another wallet.
"Aurora Intents gives these holders direct access to Elara without the need to use or manage a second wallet," Davis said.
According to Aurora Labs, this connection is powered by the NEAR Intents network developed by NEAR Protocol, which has processed transactions worth more than $34 billion. The press release attributes this figure to the underlying network rather than to deposits in Elara.
Previously, Aurora's integrations covered Sui deposits and funding through the Zcash auction
In September, it became known that Aurora launched a single-signature transaction execution system on Sui, where Aurora Labs said users can fund supported applications and transact without a separate bridge, wallet switching, or buying gas SUI. According to the announcement dated 17 September, NEAR Intents provided liquidity, settlement infrastructure, and cross-chain connections.
In connection with this integration, Aurora Labs said applications could accept funds for lending, trading, staking, and earning yield. Hannon described Sui as the second non-Ethereum-type blockchain supported by the service after Solana, and the company said that at the time, transaction volume in the underlying network exceeded $30 billion.
In addition, Hannon said that, according to a report dated 21 September, Aurora Intents processed more than $19 million through the Zcash auction across 1718 swaps. The zkSNARKS auction received bids worth $36.94 million, with Aurora processing more than half of the converted and deposited assets.
According to Hannon, 27% accounted for USDC of Aurora's routed volume, with funds coming from four networks, the largest share provided by Solana. Another 21% consisted of native ETH, and participants could also fund their bids with BTC, SOL, BNB, and other supported assets.
According to Hannon, in these auction deals, participants competed to supply a certain volume of ZEC at a rate agreed before signing the agreement. He also cited a dependence on the NEAR Intents settlement contract, quoted market makers, and intermediaries holding the original assets.
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