xGov-198 - CompX - Auto-Compounding Farms

Proposals/xgov-198.md

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+---
+id: 197
+period: 4
+title: CompX - Auto-Compounding Farms
+author: Kieran Nelson (@xxiled-plastic-cat)
+email: [email protected]
+discussions-to: https://forum.algorand.org/t/xgov-198-compx-auto-compounding-farms/11850
+company_name: CompX Labs
+category: dApps
+focus_area: Defi
+open_source: No
+funding_type: Retroactive
+amount_requested: 75000
+delivery_date: 2023-11-20
+status: Final
+---
+
+## 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.
+
+## 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.
+
+### 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.
+
+## 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