Did You Say Stake? Revault Presents: Auto Compounding
Time travelers,
Care for some extra APY? We know you do.
We are thrilled to let you know that effective immediately, you can enable auto compounding on your precious staked $REVA. Doing so will make sure your earned $REVA is automatically restaked and gradually increase your staked portion and $REVA emission. Enabling auto compound right now in X4 pool will boost your APY from 216% up to 760%.
Our auto compounding engine runs separately for each of the 4 staking pools and is triggered whenever someone turns it on or off or deposits more $REVA to the staking pool.
To do so, all you have to do is simply enable the auto compounding button above your shown $REVA balance and voilà more $REVA for you fren.
One last thing. Turning on the auto compounding feature will reset and freeze the pool’s lock timer. Once you choose to get out of auto compounding mode, the timer will start running again.
Based on the vREVA design, when users auto compound, the ownership of their vREVAs from that specific pool is effectively transferred to the Auto compound pool. To enable auto compounding users to keep taking part in Revault’s DAO decisions, we have changed the Snapshot.org code to take the user's vREVA wallet balance + vREVA balance in the auto compound pool.
Stay tuned, the future awaits!
