From 4b2244cfaa21ccdacbc623c4cf119f3430d35d23 Mon Sep 17 00:00:00 2001 From: Xxiled <93330009+xxiled-plastic-cat@users.noreply.github.com> Date: Wed, 24 Apr 2024 11:56:49 +0100 Subject: [PATCH 1/8] Initial commit --- Proposals/xgov-198.md | 49 +++++++++++++++++++++++++++++++++++++++++++ 1 file changed, 49 insertions(+) create mode 100644 Proposals/xgov-198.md diff --git a/Proposals/xgov-198.md b/Proposals/xgov-198.md new file mode 100644 index 00000000..e1a66e35 --- /dev/null +++ b/Proposals/xgov-198.md @@ -0,0 +1,49 @@ +--- +id: 197 +period: 4 +title: CompX - Auto-Compounding Farms +author: Kieran Nelson (@xxiled-plastic-cat) +discussions-to: +company_name: CompX Labs +category: dApps +focus_area: DeFi +funding_type: Retroactive +open_source: No +amount_requested: 75000 +delivery_date: 2023-11-20 +status: Draft +--- + +## Abstract + +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. + +## Team + +Kieran Nelson - CEO/Founder at CompXLabs +Akingbesote Jesulonimi (Nimi) - Founder / Lead smart contract developer + +## Experience with Algorand + +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. + +## Proposal + +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. + +### Technical specifications + +Please see the video below for an overview of how the farms work in practice. + +[Auto-Compounding Tutorial](https://youtu.be/ibKb0oQEi_4?si=oBuS5AWjCy37tRga) + +## Future Blueprint + +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. + +## Benefits for the community + +1. The community can use our auto-compounding farms to gain higher yields while leveraging the proven contracts at Pact.fi. + +## Additional information From e6652be367730a958c83785248d0c852eeaa0358 Mon Sep 17 00:00:00 2001 From: Xxiled <93330009+xxiled-plastic-cat@users.noreply.github.com> Date: Wed, 24 Apr 2024 13:37:22 +0100 Subject: [PATCH 2/8] formatting and Final --- Proposals/xgov-198.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/Proposals/xgov-198.md b/Proposals/xgov-198.md index e1a66e35..a218dd08 100644 --- a/Proposals/xgov-198.md +++ b/Proposals/xgov-198.md @@ -11,7 +11,7 @@ funding_type: Retroactive open_source: No amount_requested: 75000 delivery_date: 2023-11-20 -status: Draft +status: Final --- ## Abstract From 6ff4061c80f5d84dbd97a3ae9dc009fb743b3cc0 Mon Sep 17 00:00:00 2001 From: Xxiled <93330009+xxiled-plastic-cat@users.noreply.github.com> Date: Wed, 24 Apr 2024 13:38:21 +0100 Subject: [PATCH 3/8] formatting --- Proposals/xgov-198.md | 6 +++--- 1 file changed, 3 insertions(+), 3 deletions(-) diff --git a/Proposals/xgov-198.md b/Proposals/xgov-198.md index a218dd08..780e8106 100644 --- a/Proposals/xgov-198.md +++ b/Proposals/xgov-198.md @@ -6,9 +6,9 @@ author: Kieran Nelson (@xxiled-plastic-cat) discussions-to: company_name: CompX Labs category: dApps -focus_area: DeFi -funding_type: Retroactive +focus_area: Defi open_source: No +funding_type: Retroactive amount_requested: 75000 delivery_date: 2023-11-20 status: Final @@ -28,7 +28,7 @@ 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. -## Proposal +## Present Proposal 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. From 94774ed8964070082c374cf6e7365e0e50787c1b Mon Sep 17 00:00:00 2001 From: Xxiled <93330009+xxiled-plastic-cat@users.noreply.github.com> Date: Wed, 24 Apr 2024 13:42:10 +0100 Subject: [PATCH 4/8] white space updated --- Proposals/xgov-198.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/Proposals/xgov-198.md b/Proposals/xgov-198.md index 780e8106..4a93c254 100644 --- a/Proposals/xgov-198.md +++ b/Proposals/xgov-198.md @@ -1,7 +1,7 @@ --- id: 197 period: 4 -title: CompX - Auto-Compounding Farms +title: CompX - Auto-Compounding Farms author: Kieran Nelson (@xxiled-plastic-cat) discussions-to: company_name: CompX Labs From 0ac9e336a416072e7daa1f54fdfd09c4c664139e Mon Sep 17 00:00:00 2001 From: Xxiled <93330009+xxiled-plastic-cat@users.noreply.github.com> Date: Wed, 24 Apr 2024 13:43:38 +0100 Subject: [PATCH 5/8] added email --- Proposals/xgov-198.md | 1 + 1 file changed, 1 insertion(+) diff --git a/Proposals/xgov-198.md b/Proposals/xgov-198.md index 4a93c254..6264bdcb 100644 --- a/Proposals/xgov-198.md +++ b/Proposals/xgov-198.md @@ -3,6 +3,7 @@ id: 197 period: 4 title: CompX - Auto-Compounding Farms author: Kieran Nelson (@xxiled-plastic-cat) +email: kieran@compx.io discussions-to: company_name: CompX Labs category: dApps From bc1654f2753cf74ccb5ab7ea7b7d4cdb52ea05a3 Mon Sep 17 00:00:00 2001 From: Xxiled <93330009+xxiled-plastic-cat@users.noreply.github.com> Date: Wed, 24 Apr 2024 13:44:10 +0100 Subject: [PATCH 6/8] removed video --- Proposals/xgov-198.md | 4 +--- 1 file changed, 1 insertion(+), 3 deletions(-) diff --git a/Proposals/xgov-198.md b/Proposals/xgov-198.md index 6264bdcb..250f1e69 100644 --- a/Proposals/xgov-198.md +++ b/Proposals/xgov-198.md @@ -35,9 +35,7 @@ Auto-compounding farms take advantage of the composability of Algorand smart con ### Technical specifications -Please see the video below for an overview of how the farms work in practice. - -[Auto-Compounding Tutorial](https://youtu.be/ibKb0oQEi_4?si=oBuS5AWjCy37tRga) +See forum comments for video outlineing auto-compounding farms. ## Future Blueprint From 9ef9878915f8a1f87e917ce173ac4d9c72d6330a Mon Sep 17 00:00:00 2001 From: Xxiled <93330009+xxiled-plastic-cat@users.noreply.github.com> Date: Tue, 7 May 2024 20:20:52 +0100 Subject: [PATCH 7/8] Update Proposals/xgov-198.md MIME-Version: 1.0 Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: 8bit Co-authored-by: Stéphane --- Proposals/xgov-198.md | 3 ++- 1 file changed, 2 insertions(+), 1 deletion(-) diff --git a/Proposals/xgov-198.md b/Proposals/xgov-198.md index 250f1e69..6f4315ef 100644 --- a/Proposals/xgov-198.md +++ b/Proposals/xgov-198.md @@ -30,7 +30,8 @@ Kieran - 2.5 years working in the Algorand ecosystem across Algogator and CompX. Nimi - 2 years experience working with xBacked create smart contracts, front end and backend for the platform. ## Present Proposal - +### Deliverable +Proposals must include clear, non-technical descriptions of deliverables. 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. ### Technical specifications From 149ad1b64ba88862b106372409505eac88171c05 Mon Sep 17 00:00:00 2001 From: Xxiled <93330009+xxiled-plastic-cat@users.noreply.github.com> Date: Tue, 7 May 2024 20:27:46 +0100 Subject: [PATCH 8/8] chore: Update xgov-198.md with auto-compounding farm details --- Proposals/xgov-198.md | 9 ++++++--- 1 file changed, 6 insertions(+), 3 deletions(-) diff --git a/Proposals/xgov-198.md b/Proposals/xgov-198.md index 6f4315ef..0eb11ab4 100644 --- a/Proposals/xgov-198.md +++ b/Proposals/xgov-198.md @@ -4,7 +4,7 @@ period: 4 title: CompX - Auto-Compounding Farms author: Kieran Nelson (@xxiled-plastic-cat) email: kieran@compx.io -discussions-to: +discussions-to: https://forum.algorand.org/t/xgov-198-compx-auto-compounding-farms/11850 company_name: CompX Labs category: dApps focus_area: Defi @@ -30,10 +30,13 @@ Kieran - 2.5 years working in the Algorand ecosystem across Algogator and CompX. Nimi - 2 years experience working with xBacked create smart contracts, front end and backend for the platform. ## Present Proposal -### Deliverable -Proposals must include clear, non-technical descriptions of deliverables. + 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. +### Deliverable + +Auto-Compounding farms were delivered and went live on 20th November 2023 and currently hold over $1mm of TVL. + ### Technical specifications See forum comments for video outlineing auto-compounding farms.