AUTO is the native utility and governance token for the Autofarm protocol. Autofarm is a DeFi yield farming and DEX aggregator platform that runs on the Binance Smart Chain, Polygon Chain, and Huobi ECO Chain. Autofarm enables users to access high returns on their assets by facilitating cross-chain yield farming (AutoFarm Vaults) and a DEX aggregation strategy that splits trades across multiple DEXes (AutoSwap). Through these two products, the platform claims to offer the best prices and lowest slippage possible.
The AUTO token is used to participate in governance decisions, pay platform fees, and generate staking rewards.