Today brings the announcement of two new hot DeFi tokens making their debut over on the perpetual crypto auctioning platform that is DefiBids, in the form of the first ever lowest unique bid format auctions for both AAVE and GRT.
AAVE is the decentralized finance protocol with memorable ghost logo, an open source and non-custodial liquidity protocol for earning interest on deposits and borrowing assets. And at time of posting it sits at #18 on Coinmarketcap, with an impressive marketcap of just short of 2.5 billion dollars. While GRT is the token associated with Graph Protocol, an indexing protocol for querying data for networks like Ethereum and IPFS, powering many applications in both DeFi and the broader Web3 ecosystem, and has been referred to as the Google of the DeFi-world - sitting at #58 on Coinmarketcap, with a marketcap of around 650 million dollars.
And if you're a fan of either of these two powerhouses from the cryptocurrency space, DefiBids offers you a unique way to get your hands on some, by competing in lowest-unique-bid auctions, a "game" format that requires both luck, and strategy, to bring the prize home...
In addition to the debut auctions of AAVE and GRT. Today also sees the highest value auction to take place thus far over at DefiBids, with a newly listed $10,000 USDC (USD Coin) lowest unique bid auction. That's right, TEN THOUSAND DOLLARS. Yours for the taking should you be the one to have "guessed" the lowest UNIQUE value, once the auction concludes.
All LUB auctions over at DefiBids cost a certain number of credits per bid (guess) ranging from 1 credit to 5 credits, with each credit costing $1's worth of ETH. And you can submit as many or as few bids as you like. With the prizes being paid out directly to the winners wallet using smart-contracts instantly upon the auction closing. The smaller 1-2 credit auctions require less bids to close-out, meaning you have a greater chance of winning, while the 5 credit auctions, to state the obvious, have smaller odds, but a more impressive prize.
Ready to try your luck and/or test your skill? GO PLAY!
Or alternatively, if you're not already familiar with the DefiBids platform and staking token (with 15% of all ETH used to purchase credits on the platform being paid out to stakers), you can read my short introductory post published at Publish0x HERE.
Good luck! :)