| id | period | title | author | discussions-to | company_name | category | focus_area | open_source | funding_type | amount_requested | delivery_date | status | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
197 |
4 |
CompX - Auto-Compounding Farms |
Kieran Nelson (@xxiled-plastic-cat) |
CompX Labs |
dApps |
Defi |
false |
Retroactive |
75000 |
2023-11-20 |
Final |
This is a retroactive proposal for impact delivered via CompX auto-compounding farms. These farms went live in 2023, and have been giving Algorand users a new way to earn higher yields from pools that they trust.
Kieran Nelson - CEO/Founder at CompXLabs Akingbesote Jesulonimi (Nimi) - Founder / Lead smart contract developer
Kieran - 2.5 years working in the Algorand ecosystem across Algogator and CompX. Extensive experience with Algorand SDK and ecosystem APIs. Nimi - 2 years experience working with xBacked create smart contracts, front end and backend for the platform.
Auto-compounding farms take advantage of the composability of Algorand smart contracts and allow CompX to add a layer on top of Pact.fi farm contracts. This extra layer allows us to offer users the ability to claim, swap and restake their rewards on a frequent basis. This results in higher yields for the user.
Auto-Compounding farms were delivered and went live on 20th November 2023 and currently hold over $1mm of TVL.
See forum comments for video outlineing auto-compounding farms.
CompX auto-compounding farms will continue to be a core feature of CompX. We will be bringing V2 farms, which are fully independant of Pact.fi but V1 farms as they are now will still be utilised.
- The community can use our auto-compounding farms to gain higher yields while leveraging the proven contracts at Pact.fi.