> For the complete documentation index, see [llms.txt](https://magiclandfinance.gitbook.io/magicland/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://magiclandfinance.gitbook.io/magicland/product-iotex/cellar-iotex.md).

# Cellar (Vault)

{% hint style="success" %}
Stake & let the cellar auto compound your harvest for you to maximize your rewards in the yields!
{% endhint %}

*Think of our Cellar as smart bots, where you don’t need to go through the hassles of harvesting, creating a lp, and re-staking the tokens! All these burdens are eliminated by using our smart contract-based Cellar to handle everything on your behalf so you can truly enjoy earning passive income!*

**Cellar Smart Contract**&#x20;

* 85% of the harvest is compounded back to the user’s deposits (LP tokens or single asset)&#x20;
* 10% of the harvest is used for iMAGIC buyback for fee distribution among xiMAGIC stackers. &#x20;
* 5% of the harvest is sent to Magicland treasury. \*\*this portion will go to iMAGIC buyback in first month.

\*xiMAGIC staking/governance component is under development where iMAGIC can be staked for xiMAGIC with more reward boost and voting right!&#x20;


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