Cellar (Vault)
Where Magicland citizens save their time on manual compounding
Stake & let the cellar auto compound your harvest for you to maximize your rewards in the yields!
Think of our Cellar as smart bots, where you donβt 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
85% of the harvest is compounded back to the userβs deposits (LP tokens or single asset)
10% of the harvest is used for iMAGIC buyback for fee distribution among xiMAGIC stackers.
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!
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