One of the advantages of being in the EMP.Money ecosystem is our own auto-compounding vaults, hosted by our four autovault partners. We are currently partnered with Magik Finance, Beefy, YieldWolf & Autofarm, where our auto-compounding vaults are designed to maximize your earning potential.
Staking either EMP-ETH LP or ESHARE-BNB LP tokens in these vaults rewards you with more of the same LP (liquidity pool) tokens as the ones you have deposited.
But here is where the auto-compounder's magic steps in - every set amount of minutes, they harvest the ESHARE that you’ve earned and sell a portion of it. The proceeds are then further used to mint more LP tokens on Pancakeswap which are again deposited into the auto-compounder, further growing your allocation, all in an automated way.
Our newest autovault partners Magik Finance, are offering deflationary burn vaults, that are similar to the other autovaults in the way that they operate, but they’ve created a fee breakdown which deflates the underlying supply of the protocols they onboard. Their fees are similar to the other platforms, but instead of keeping 100% of the fee for their platform, they take half of that fee and use it to buy and burn EMP. This removes it from circulation permanently.
Note that this is something that you can do yourself as well, but the auto-compounder saves you from the trouble and gas fees of having to do all of this compounding manually every day, by simplifying the whole process to just one click, and also adds the benefit of a constant positive pressure on EMP price.