🚀 TraderJoe Vaults (Expired)

Note: as of H1 2024 we have stopped providing $BAVA incentives for TraderJoe since the incentive program started in Q1 2022. Your funds are SAFU and will still continue to auto compound and earn extra yield. If you wish to withdraw, you may do it via snowtrace.dev or baklava.space frontend. (FUNDS ARE SAFU)

Auto-compound is a simple and straight-forward strategy of compounding yields by placing yields back to the source which the native assets that generated the yield in the first place.

The goal is to accumulate more of that native token. Just like interest from a bank’s fixed deposit can be auto-rollover into the principle during each renewal. Defi works differently since the yield could be paid out daily, resulting in more effort and fees required to compound the yield.

Auto-compounding vaults are classified as low risk as users will never get less native tokens than what they have put in, as measured in the native tokens. Of course, if measured in stablecoins, the risk then depends on the underlying components of the LP. But that asset volatility risk is not the risk of the vault’s strategy itself.

• 🍔 TraderJoe LP Auto-Compound Vault