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 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.