What is AUTO and Autofarm?

AUTO is the native utility and governance token of the Autofarm protocol, a cross-chain yield optimizer and DEX aggregator launched in December 2020 on BNB Chain (formerly Binance Smart Chain). Autofarm helps users maximize DeFi returns at the lowest possible cost by auto-compounding yields and routing swaps across multiple decentralized exchanges for better prices.

Although it started as a yield aggregator, Autofarm now spans multiple EVM-compatible networks such as BNB Chain, HECO, Polygon, Avalanche, Fantom, Moonriver, OEC, Celo, and Cronos.

Core products powered by AUTO

• Vaults (Yield Optimizer): Users deposit tokens into vaults that auto-compound at empirically optimal intervals. By pooling gas and using a dynamic harvesting optimizer, vaults aim to deliver competitive APYs with audited, battle-tested strategies.
• AutoSwap (DEX Aggregator): Routes trades across multiple DEXs to secure better prices and lower slippage. It can split orders across venues, making them non-front-runnable and less prone to arbitrage.
• Farmfolio (Portfolio Manager): An intelligent tracker acquired by Autofarm in March 2021 that helps users monitor and manage positions across DeFi farms both inside and outside the Autofarm ecosystem.

Tokenomics at a glance

• Supply: Maximum 80,000 AUTO. Linear minting began on Dec 15, 2020 and concluded in Oct 2021.
• Distribution:
  • 88% to vault token mining (community incentives)
  • 12% to the development team for ongoing protocol growth
• Deflationary mechanics: Fees (typically 1.5%–3.0% on deposits) collected from cross-chain vaults and the DEX aggregator are used to buy back and burn AUTO from the market, reducing supply over time.

Utility and governance

• Utility: Holding AUTO grants lower fees across the Autofarm suite.
• Governance: AUTO holders can vote on proposals that shape future upgrades, parameters, and product direction, aligning incentives between users and the protocol.

Security posture

AUTO is a BEP-20 token on BNB Chain, benefiting from the network’s proof-of-stake-based consensus. Autofarm conducts periodic smart contract checks and runs a bug bounty program via Immunefi with rewards up to $100,000, encouraging the community to report vulnerabilities responsibly.

Team

Autofarm was founded by a pseudonymous builder known as “Mild Giraffe.” The team develops in Solidity and emphasizes rigorous security reviews and iterative improvements to vault strategies and aggregation logic.

Where to track and trade AUTO

AUTO is a BNB Chain (BEP-20) token and can typically be traded on BNB Chain DEXs such as PancakeSwap. For a fast way to analyze performance and trade, you can also use GMGN.AI, which offers real-time charts, smart money tracking, and security checks tailored for tokens like AUTO.

Tip: Always verify the contract address before trading: 0x62cfacd8490b5dca50f3b78bccf2c5045ccaed5f.

Why it matters

• Capital efficiency: Auto-compounding and optimized harvest timing help minimize gas overhead and maximize net yield.
• Price efficiency: Aggregated routing and order-splitting aim to reduce slippage and improve trade execution.
• Sustainable design: Buyback-and-burn deflationary mechanics align token value with protocol usage.
• Community alignment: Governance gives token holders a say in product and parameter decisions.

Quick FAQ

• Is AUTO inflationary? No. Minting ended in Oct 2021 and fees fund buyback-and-burn, making supply deflationary over time.
• Do I need AUTO to use Autofarm? Not required, but holding AUTO can reduce fees and gives governance rights.
• Is Autofarm cross-chain? Yes. It operates on BNB Chain and several other EVM-compatible networks, with a focus on low-cost optimization and secure contracts.

Not financial advice. Always do your own research and manage risk appropriately.