Nov 18•5 min read
Compounder: Smarter Farming
Note: This is one of many articles we have migrated from medium.com due to censorship. Also there has been a big protocol upgrade but mainly just the tokenomics, the old details are still in the article though we have left notes of the change. Please click here to deep dive into more details of the upgrade.
Introduction - what is smarter farming?
You will be compounding interest on your assets while also earning $CP3R as a reward - this is smarter farming. Whilst Compounder provides competitive yield, all but one pool (CP3R-ETH LP) will guarantee zero risk of impermanent loss with the security of a 24-hour time lock.
We will examine yields, security and complexity of new pools that will keep our stakers comfortable knowing they have a competitive edge to other farmers. We hope to offer the next generation of high-interest returns.
1. CP3R / Compounder - CP3R emissions
2. CP3R-ETH LP / Compounder - Uniswap LP + CP3R emissions
3. DAI / DAICurve - Compound interest + CP3R emissions
4. USDT / DForceUSDT - Compound interest + CP3R emissions
5. USDC / DForceUSDC - Compound interest + CP3R emissions
6. ETH / Compounder - CP3R emissions
7. UNI / Compound - Compound interest + CP3R emissions
8. YFI / YearnGovernance - Compound interest + CP3R emissions
Compounder DAO - a treasury controlled by you
There are a couple strategies that earn profit for the DAO. It will be used to accumulate funds for integrations, bug bounties, more complex contracts, security audits - anything to provide value for our holders, by the holders.
The DAO will earn profit from 0.5% of every withdraw made in Compounder pools. And it will also earn from a 5% fee from the interest-earned through the Compounder strategies - not from your initially deposited asset.
What's coming up?
The protocol really speaks for itself and will require updates and further improvements. However, there is not reason to stop improving foundational functionality to improve your experience when farming with Compounder:
1. Private Withdraws - first advanced farming protocol with privacy
We will be bringing a layer of privacy to Compounder by deploying an integration with tornado.cash in the protocol. This will allow for private withdraws from the pools - keeping your txs out of the eyes of others.
2. Governance - have a say in how you earn, and how we all improve
Holding $CP3R is important! You will be able to have your say in how the collective will maximise your profits and how to spend the DAO treasury for things you want to see happen. Some example proposals would be:
• New Pools, Asset and Profit Strategies
• Emission Rates Adjustments
• Fee Adjustments
• Where to spend Compounder DAO Funds
• Burning $CP3R tokens
3. New Pool and Strategies
Compounder will constantly keep updated and always consider: high protocol returns, security of code and strategies, abundance and popularity of assets and community proposals as the pillars to new pools and strategies.
Security - money & security come hand-in-hand
All the smart contracts are under a 24-hour time lock, and we are actively seeking prominent members of the community to build a multi-sig council. The time-lock contracts are deployed for the token contracts and every single vault/pool contracts for your peace of mind. A professional security audit has been completed, click here for full report.
Tokenomics
• No VC, no pre-sale, no pre-mine, no funny business
• Hardcap/Max Supply: 1,000,000 CP3R - this is now 200,000 CP3RLive display on website• Total Supply: 92,000 CP3R - this is now 200,000 CP3R0 CP3R• Current Emission Rate: 92,000/30 days - halving every epoch (30 days), next half December 10Emissions happen as rewards as farmed - from these emissions- 80% for liquidity providers - this is now 93%
- 20% to the Compounder team - this is now 7%- 5% fee on interest-earned through strategies (not deposited asset)
- 0.5% withdraw fee on Compounder pools
Emissions
Emissions for each pool is over 30 days. As each pool expires, there will be revision by the community whether to increase, reduce emissions or remove the pool from Compounder. The emissions are as follows:
1. DAI / DAICurve — 10,000 CP3R/30 days
2. USDT / DForceUSDT — 10,000 CP3R/30 days
3. USDC / DForceUSDC — 10,000 CP3R/30 days
4. ETH / Compounder — 10,000 CP3R/30 days
5. CP3R / Compounder — 20,000 CP3R/30 days
6. CP3R-ETH LP / Compounder — 30,000 CP3R/30 days7. UNI / Compound — 1,000 CP3R/30 days8. YFI / YearnGovernance — 1,000 CP3R/30 days
What are you waiting for? 🚀
Website: https://compounder.finance
Twitter: https://twitter.com/gocompounder
Telegram: https://t.me/gocompounder
Discord: https://discord.gg/CJssguRyxE
Blog: https://app.sigle.io/compounder.id.blockstack/
Github: https://github.com/CP3R-Finance/cp3r-contracts
Contracts
CP3R: 0x7Ef1081Ecc8b5B5B130656a41d4cE4f89dBBCC8cTreasury: 0xbDEF9038ffAbCd13dF3cbbD74CDC6bC47c2BCA73Timelock: 0xC70b945fc25897bb218110F6B0a53fE1f8f881f0ControllerV1: 0x0b283B107F70d23250f882fbfe7216C38abBd7cADAI Strategy Timelock: 0x2991152a04e54d16bcd87ef7439f07a9b71ecc9a608b065b5a430fb8adee1875USDT Strategy Timelock: 0x1b55a0fdbef971fae46f68e250f5159f9e6d487994fe72c56a1ba65d15316759USDC Strategy Timelock: 0x2c97b3d5f594c551343de6a7707e3cda7b466243c7e45de81a17fa1686aa22eeWETH Strategy Timelock: 0x8e372e12567174ff2f0f08971df3dd4e70027f50c94e2182690969ee033b6870CP3R Strategy Timelock: 0x5f85ce38607c137fe7d266961689280ccd45a1928e201929ff9668870e66f642YFI Strategy Timelock: 0x436be68d69cc09623d47b10c55305552cc00d59cbde5481850a10157473315cacVaultDAI: 0x2381742592ab54dC2e89f193AF682D914A8b24C1StrategyDAICurve: 0xaf274e912243b19B882f02d731dacd7CD13072D0StakingRewardCDAI: 0x0a992dfC744F1D14B6b23C14a659032B01e9B2abcVaultUSDT: 0x8710423e492365b01c2F7E3a23332908051f53dFStrategyUSDTDForce: 0x72025fd4124B573283dCEcfc7c5F66590a49872DStakingRewardCUSDT: 0x0B8084676BAEc9Bd2CE4dbe823503cd25a89a3D7cVaultUSDC: 0x32A742fbFED2249BE654d72dab321ec06b086713StrategyUSDCDForce: 0x55437Ff1c558D34aEa4F64BEe3fb3dc558F86dEBStakingRewardCUSDC: 0x0E5107E5D51433f2a8763eE3256462AFC5D49C87cVaultWETH: 0x9813ECB6102a117BDbd85AC268D3D5E7ab47523CStrategyWETHEmpty: 0xe2577123244255eCAD0d405381b452292acC5049StakingRewardCWETH: 0xa6aDAD1182C9a45a20731c558bCF77260E84Dc30
