Cryptocurrency Financial Advisors

Defi Highlight: Yield Farming Token Auctus Surges in Volume

Weekly Analyst Thoughts

Auctus

With great risk comes great reward. This is the case with Auctus, a decentralized options platform that recently broke into the Defi Pulse scene and is offering a liquidity mining rewards program. Auctus is becoming a burgeoning Defi options platform that aims to compete with Deribit as it continues to establish its network effect. Below, find a graph of the current TVL (Total Value Locked) within the Auctus platform and notice the gravity of its growth over the last month.

Source: https://defipulse.com/aco

Also, compare the Auctus options platform below with Deribit and notice the similarities in the user interface.

Source: https://aco.finance/advanced/trade/ETH_USDC

Source: https://www.deribit.com/main#/options?tab=ETH-25SEP20

In sum, Auctus is an aggressive, low market cap, Defi yield farming coin that is looking like it will have a fruitful future.

By Jacob Stelter

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