New upcoming Ethereum yield farm - Auctus
A high quality options protocol introduces liquidity incentives
Auctus is a decentralized options platform run on Ethereum. Currently, they offer put/call options for ETH and WBTC, and are incentivizing liquidity through a 6-month yield farming opportunity. LP’s can contribute calls or puts for ETH, WBTC, and a pool two with ETH-AUC.
Auctus provided an airdrop of AUC call options ranging between $0.50 and $2.00, so yield farmers are incentivized to hold AUC token rewards because their call options will be worth more. It’s an interesting system/scheme! I’m interested in trying out the platform, but I am no options expert.
Auctus’ airdrop overloaded their servers so they are upgrading their infrastructure. I will be watching this one closer as they explain the best yield farming strategies. I would assume a neutral strategy (allocating equal amounts of capital to put and call options) will be the best way to earn AUC.