Earn 1% of each harvest, just for paying the gas! Earn compound interest even on your reimbursements!
Zero* deposit fees & Zero withdrawal fees.
0.1% Deposit fees, No fees if holding 0.01 ELITE.
⚠ This Granary has been retired!
MIM Token Maximizer
This strategy takes in MIM as collateral deposits for issuing the GRAIN#4105 tokens to investors. It stakes the collateral obtained at the VeDAO Farms to earn WEVE tokens. When at work, it harvests all pending WEVE from the Farm. It then sells all of its WEVE token balance for MIM. Finally, it stakes the MIM obtained once again into the Farm, increasing & compounding the redemption value of the GRAIN tokens.
Market Cap (TVL)
Total GRAINs (Supply)
Price of GRAIN (in USD)
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Available: 0.------ MIM
Please approve token for deposit into the Kompounder (Granary).
Available to Redeem:
🌾 0.------ GRAIN 0.------ MIM
Compounding yield requires transaction fees to be paid to the blockchain. This can add up quickly to be expensive and cut into returns. As we batch your transaction with many other depositor's transactions, it brings about a cumulatively lower cost and higher return to earn yield using the Kompounder (Granary).
For a new user, 13 transactions need to be made to make their first farm yield compound : Buy token P, Buy token Q, Approve token P, Approve token Q, Add P-Q Liquidity, Approve Farm for P-Q LP, Deposit P-Q LP tokens, Harvest yield token R, Approve yielded token R, Sell token R for P, Sell token R for Q, Add P-Q Liquidity and finally Deposit the gained P-Q LP tokens! For subsequent compounds, a user needs to make 5 transactions everytime they wish to compound.
Kompounders (Granaries) free our users from this burden of manually sending dozens of transactions daily and save their effort, time and precious KCS & FTM! This results in a compounded yield, which is greater than simple farming.
Frequency of Compounding
Farms are compounded either on deposits or on withdrawals made into the Kompounder (Granary). Compounding also occurs when a user ("Worker") does work by pressing the "Start Working" button and successfully completing the resulting transaction. It is as important to not compound too early as it is to compound too late.
What is Eliteness?
Holding ELITE tokens on Fantom Opera Blockchain determines the Eliteness Level of an address. For example, holding 0.1 ELITE grants the user an Eliteness level of 0.1, which changes with their ELITE holdings. A certain minimum amount of Eliteness is required to gain special privileges or advantages while using some of our Dapps. Eliteness is measured at the run-time of blockchain and fellow Smart Contracts that build atop ftm.guru require the same Eliteness Level as normal users.
Wages for the Workers (Incentives)
Compounding transactions are complex smart contract functions which cost the worker a small amount of KCS or FTM as a "gas fee". To compensate the workers for their hardwork, we reward them with a share in the AUM of the Kompounder (Granary), equivalent to 1% of the value harvested from the underlying farm. This share grows inside the Kompounder (Granary) in value on its own if left unattended by the Worker.
Fees and taxes
There is No withdrawal fee at all. There is No deposit fee if your Eliteness Level is above 0.01, otherwise there is a 0.1% tax. 1% from the harvest is paid to the workers and 1% from the harvest is added to the E.L.I.T.E. D.A.O. treasury for promotional programs & the upkeep of this platform. These 2% are charged only on gains harvested and not on principal amount of investments.
KP & GRAINS - Protocol Receipt tokens
Upon each deposit, including worker payouts, the Kompounder (Granary) issues special tokens called KP (GRAIN) tokens that represent a user's share in the AUM of the specific Kompounder (Granary). These are standard ERC20 compliant tokens that can be used freely elsewhere on the blockchains. Withdrawing funds without possesing them is not possible. Please dont give these to strangers.