🧑‍🌾Magik Farm

The decentralized deflationary yield optimizer of the Magik Ecosystem.

Introduction

Magik Farm is a decentralized, multi-chain, all in one yield optimizer catered to the needs of defi protocols and their investors. It provides an array of automated yield and profit taking strategies, while maximizing compound interest and deflating those tokens’ underlying supply.

Through a set of investment strategies secured and enforced by smart contracts, Magik Farm automatically maximizes the user rewards from liquidity pools (LPs), automated market making (AMM) projects, and other yield farming opportunities in the DeFi ecosystem.

The main product offered by Magik Farm are the 'Vaults' in which you stake your LPs. Vaults automatically sell the “yield” token incentivizing your lp, and compound that value back into your initial deposit. By staying in the vault, you can ensure you’re taking full advantage of compound interest with a single gas fee.

Why use Magik Farm?

At Magik Farm, we believe that LP providers should be the ultimate beneficiaries of vault strategies. Competitors like Beefy and Autofarm operate on a performance fees. They take large cuts, which they sell directly to the market.

Magik Farm not only operates at a lower overall fee to Liquidity Providers, it allocates a % of that fee to cementing the value of those LP's tokens through buyback burns.