🚗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.

Auto-compounding requires creating a proxy account that reserves 5000MGX from your balance. If you cancel auto-compounding, you can get your reserved tokens back by following

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.