Auto (AUTO)
A Yield Farming & DEX Aggregator on Binance Smart Chain.- Auto is a yield farming & DEX aggregator running on Binance Smart Chain. It was designed with the purpose of optimizing DeFi users’ yields across various dApps in the DeFi space.
- The project consists of the following major components working in conjunction:
- AutoFarm Vaults: AutoFarm Vaults is a yield optimizer platform focused on providing DeFi users with auto-compounded yields at empirical optimal intervals, whilst pooling gas costs through smart contracts and yield optimization strategies.
- AutoSwap: AutoSwap is a DEX aggregator that gets users the best prices from their DEX trades. AutoSwap splits trades across multiple DEXes to ensure the best prices and lowest slippage possible.
- AUTO is Auto's BEP-20 native utility token and is used in the following functions:
- Governance: AUTO token holders can participate in network governance decisions.
- Platform Fees: A portion of the profits from each earn() event will be used to buy back AUTO tokens to be burnt.
- Staking Rewards: Users can earn rewards by staking AUTO tokens.
- As at April 2nd 2021, the max supply of AUTO is 80,000 and the current circulating supply is 25,739.