Our Autovaults — A Win, Win Win Scenario!
Here at EMP we’re so excited about our autovaults and the huge benefit they’re having for our whole ecosystem and all of our investors!
We wanted to take a moment today to highlight our four partners and the value that they all bring, and all the great benefits that the auto-compounders are providing for the health of our protocol. You’ll see that it truly is a win-win-win scenario when we break it down for you!
The auto-compounding vaults differ slightly from our native farms. The EMP-ETH farm on our website offers ESHARES as your reward. Instead of offering ESHARES, the autocompounders automatically sell your ESHARES and buy more EMP-ETH LP to auto-compound it. Buying fresh capital off the market, to help you stack up more and more LP.
Why is this great for our protocol?
Because it creates a constant amount of buying pressure on EMP when using EMP-ETH vaults. With almost $5 million dollars liquidity deposited amongst these 4 autocompounding platforms, you can imagine the immense amount of benefit it’s having on our ecosystem.
There’s so many advantages for our investors. Those that are brand new to the protocol and need some time to join our academy and learn + formulate a strategy, have told us that they love the autovaults because it gives them a chance to just jump right in. This gives them the opportunity to start earning while they’re learning! Earning LP’s on cruise-control while they’re learning the ropes, and getting the lay of the land. It really is as easy as set-it-and-forget-it.
The platforms take care of the gas to claim rewards and grow your LP. So it really is so attractive to investors with any size bag. It’s especially appealing for those with a smaller bag, because they don’t have to worry about all the gas fees associated with trying to compound manually every day. The auto-compounding vaults are often the place that we recommend small bag holders start, to build up their LPs before entering into the Detonator. This helps them to build up a big enough deposit to earn them a daily lottery ticket every day while compounding. And it’s such a great way to do that as well.
On the flip side, they’re also a highly attractive option for those with larger bags as well. A lot of our investors like to think of these vaults as their savings accounts and love to deposit their claims from the Detonator into these auto-compounding vaults to grow them even more!
Daily compound interest is so powerful. You’ll be shocked at how quickly these auto-compounders can help you to double, triple, quadruple your investment…especially if you’re lucky enough to buy cheap LP while the market is down. The upside potential is huge!
Our Autovault Partners
Magik Finance is our newest autovault partner and we’re so excited about their innovative approach, and the extra layer of benefit that it’s adding to an already beneficial model.
What they’re offering are deflationary burn vaults.
This is their spin on the Beefy model. Beefy takes a 4.5% fee commission on yields harvested. And that’s really reasonable, because autovaults are an easy-mode button for people who don’t want to spend their entire day in front of a computer, having to worry about compounding.
Magik charges the same exact 4.5% fee, so the customer doesn’t pay any more, and their APYs don’t change. In fact they’re offering some of the highest APY’s of all of the autovaults, on par with Yieldwolfs (with the same zero deposit & withdrawal fees.) But the way that Magik breaks down their fees is very different and it’s extremely healthy for our protocol.
They’ve created a fee breakdown which deflates the underlying supply of the protocols they onboard. Our EMP-ETH vault sells ESHARE, and buys more LP token. They charge that 4.5% fee. Out of the 4.5%, they use 2.25% via smart contract to automatically buy EMP token and trigger a burn function in the EMP token’s contract to just remove it from circulation permanently.
What this does is it acts as a hedge against the hyper inflationary pressure that the boardroom prints give our protocol. When we’re over Peg, the auto-compounder is constantly burning token. And then when we’re under peg, our peg token ceases to be inflationary because the boardroom doesn’t print when we’re under peg. And so now we have just one more piece of the process, which is deflating the supply. All of a sudden our token is now deflationary and it just becomes a matter of time before we re-peg again.
We’re extremely bullish on this new partnership because not only will our investors who are using it be getting the best value for their money, but it’s also greatly benefiting the stability of our protocol.
Beefy is a huge platform with a very large user base. With a monstrous TVL of almost half a billion dollars and a large treasury, a lot of our investors feel safer investing on their platform. They also offer the option to buy insurance coverage to cover exploits outside their platform. Compounds are performed when it’s determined to be most feasible by their systems.
They charge 4.5% in fees, which is already subtracted from the displayed APY. There is no deposit fee, and there’s a 0.1% withdrawal fee.
With some of the top ranked vaults on their platform both in the BSC network, and overall, Beefy has been an amazing partner for us, both from a marketing standpoint and it has provided our investors with a well known place that they feel good about depositing their funds.
Yieldwolf was the very first Autovault partner for EMP and has worked very well to accommodate our needs. What our investors love about their platform is that their fees are lower than what others in the industry charge, and as a result their APYs tend to be a bit higher. Compounds also tend to happen more frequently, as alongside the autocompounding that’s happening, they also allow users to initiate them themselves and pay gas fees. They also don’t charge any withdrawal fees.
Ours are the top ranked vaults on their platform, and we are proud to be partnered with Yield Wolf.
AutoFarm is one of our newest Autovault partnerships that we’re excited about! They use a proprietary dynamic harvesting optimizer to enable the highest APYs on their vaults. One thing our community members really love about their platform is that there are no withdrawal fees. They also provide the option to purchase insurance, which offers investors peace of mind.
We’d love for you to get involved in our community! Join us for one of our daily AMAs in our telegram group/live on our youtube page.
EMP Project Page: https://emp.money
Our telegram community:https://t.me/empmoney
Our Discord community: https://discord.com/invite/9wDDa26Z6e
Our Twitter: https://twitter.com/empmoneybsc
Our Youtube Channel: https://youtube.com/c/EmpMoney
Our Instagram: https://www.instagram.com/emp.money/
Our Reddit: https://www.reddit.com/r/EMPMoney/
Disclaimer: Nothing in this article is intended to be considered investment advice. No one, including the author, the team, our partners or the publication shall hold responsibility or liability for any investments, profits or losses you may incur as a result of this information. Readers are encouraged to perform their own research before making any investment decisions. This content is intended for informational and educational purposes only.