# Vault

Vault is a yield optimizing service to help compounding LP tokens **automatically**. Users stake their single token or LP token in the vault to auto-compound the rewards every day. 

For example, if the user deposits LP token or a single token to Cherry Vault, the user gets their rewards compounded automatically.

And every time we expand to a new chain, there will be a new vault corresponding to the new chain. Users will have many options to choose a network they want so they can have advantages of the chains they use.

## Vault Fee

Vault Fees are used for

* **Buyback Cherry:** This is used to buyback and burn Cherry tokens.
* **Dev allocation:** The fee collected will be allocated to developers to maintain the service in various ways such as marketing, promotion, etc.
* **Entrance Fee:** This fee is used to sustain the vault service.

#### Find more about Vault on each network.

{% content-ref url="/pages/-Mj3A6QyWb2LCOe3M\_VS" %}
[Vault (BSC)](/meverseconnect/previous_network/binance-smart-chain/vault-bsc.md)
{% endcontent-ref %}

{% content-ref url="/pages/-Mj3A370UFRMIKm88MMe" %}
[Vault (Polygon)](/meverseconnect/previous_network/polygon/vault-polygon.md)
{% endcontent-ref %}


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