🚗Auto Compounding
Auto-Compounding automatically reinvests your earnings to increase your liquidity position. It is a way to automatically increase your position size on a certain LP position. Learn more in this blog post on Mangata Auto-Compounding.
To set up auto-compounding for your LP positions, you must already be providing liquidity on Mangata X. This can be done via the Mangata X trading app, following the Add & Remove Liquidity guide. Liquidity can also be provided via Yield Bay's auto-compounding interface.
Please note, your account should hold approximately 200 TUR to cover associated fees.
Setting Up Auto Compounding
Step 1:
Go to https://mangata.yieldbay.io/ and connect your wallet. Find the LP pool you want to automate and click on Autocompound.
Step 2:
From the user interface, adjust your compounding settings. Select the duration, frequency, and percentage of rewards you would like to compound.
As of now, auto-compounding fees can only be paid using TUR. However, the ability to pay these fees with MGX will be introduced soon.
Once you've adjusted your settings, click confirm.
Step 3:
Proceed with the transaction, then sign and submit from your wallet.
Stop Auto Compounding
Step 1:
Go to https://mangata.yieldbay.io/ and connect your wallet. Find the LP pool you want to stop auto-compounding and click on Manage.
Step 2:
Go to the bottom of the pop-up and click on Stop Autocompounding. A new screen will appear, asking if you are sure.
Step 3:
Sign the transaction from your wallet.
Make sure to retrieve your reserved assets by following How to clear proxy reserve guide.
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