Auctus (AUC)

Auctus

Type	Token
Total supply	65,829,658 AUC

Basics

• Aka Auctus Finance
• Based in:
• Started in / Announced on:
• Mainnet release: 5-2020
• "Auctus’ mission is to put the retirement saver back in control by offering access to optimized portfolios of bonds, stocks and cryptocurrencies. Enabling well informed decisions, by using blockchain to increase transparency and automation, and ultimately increase trust towards the chosen retirement plan."
• From this comparison of options protocols (1-12-2020):

"ACO is a decentralized non-custodial options protocol that allows users to trustlessly trade, mint, and exercise call and put options. ACO protocol tokenizes put and call options contracts creating ERC20 tokens which users can send, trade, or even integrate ACO Tokens into other DeFi projects."

History

• ACO officially rebranded to Auctus in November 2020.

Technology

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].

Implementations

• Built on: Ethereum
• Programming language used:

Transaction Details

• Capacity (TPS):
• Latency:

How it works

• From this blog (25-6-2020):

"The decentralized options mechanisms on ACO are similar to OPYN. The options are tokenized into ERC-20 compliant ACO tokens, each with their own smart contract and unique programmatic ticker symbol. For example, a token named ACO ETH-200USDC-C-26JUN20–0800UTC represents an options token made with the ACO protocol with ETH as the underlying asset, with a strike price of 200 USDC, a call C not a put P, with an expiration date of 26 June 2020 at 8:00 UTC.

These tokens are American-style options, which just means that the holder can exercise the option at any time before its expiration date. In order to earn premiums, LPs must fully collateralize option contracts by locking relative amounts of ETH or USDC into calls or puts, respectively. As with Opyn, the LP is tasked with the gas costs and active maintenance of writing these options, which are standardized by the protocol rather than customized by the user.

ACO also has Flash Exercise functions by integrating Uniswap V2 Flash Swaps, where the net difference between the Uniswap price and the strike price would be received."

Other Details

• From this comparison of options protocols (1-12-2020):

"Auctus made some trials on options with SNX and YFI in late August 2020, and with SUSHI in September 2020. However, these days only WBTC and ETH options are live on its platform."

Their Other Projects

Vaults

• From this comparison of options protocols (1-12-2020):

"In November 2020, Auctus introduced the first Vault strategies on the market. Vaults represent a passive-investing strategy that combines interest-earning protocols and options. Some vaults offer capital protection and so can be adapted to all risk profiles. Vaults benefit users by socializing gas costs and automating allocation strategies.

The first Vault on Auctus is 3POOL-ETHCALL. it provides ETH exposure with principal protection. The yields generated from farmed CRV governance tokens are automatically used to purchase ETH call options."

Roadmap

• Can be found [Insert link here].

Audits

• Bug bounty program can be found here (2-11-2020) with a maximum of $15.000.
• Scored a 83% on DeFi Safety (10-2020); "There was an audit done by OpenZeppelin. All issues were resolved or considered."

Competition

• Opyn, Hegic, FinNexus and other option protocols.

• From this comparison of options protocols (1-12-2020):

"Pools are controlled with more limitations and renewed from time to time. The pooled liquidity finally goes to market for the current basic mode users, and later it may be included in the order books. Therefore, the Auctus pooled liquidity model works differently than Hegic and FinNexus’ pooled liquidity model."

Team, Funding, Partnerships, etc.

Team

• Full team can be found [here].

• Raphael Vantroost, CEO
• Ariny Guedes, lead Ethereum engineer
• Has a big advisor board.
• Among them Philippe Castonguay a former relationship manager for developers at 0x Project. All others from outside the cryptospace.

Funding

• Part of Multichain Asset Managers Association
• Member of Ethereum Enterprise Alliance

(:

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