Security, Fees and Governance
The security of Auctus protocol is our highest priority. To ensure top-notch security, Auctus protocol smart contracts were audited by Open Zeppelin and have undergone rigorous internal testing. We also have an ongoing bug bounty program where community members can report any bugs or vulnerabilities.
The Auctus protocol allows a single address to modify parameters, create new options series, add new strike assets and change the template for tokens that will be created in the future. For the existing tokens, there is no admin key, meaning the protocol is noncustodial and only you have access to your funds. The admin key is currently administered by the Auctus team, but our goal is transitioning the control from our core team to the AUC token holders.
Trading fees: 2.5% of premium
Settlement: 0.03% of the underlying (Settlement at exercise)
Other fees: ACO utilizes the 0x Protocol for decentralized exchange functionality, currently 0x charges 150,000 * gasPrice per order.