What is Reaper?
Reaper is an auto-compounding yield farm which maximizes user's yields by leveraging the power of compound interest. Simply deposit your liquidity tokens with Reaper and they will farm them for you. Whenever a reward is emitted we swap it for more liquidity tokens and put them back to work. Exponential Profit!
How does it work?
Deposit liquidity tokens into vault and we will compound for you every 15 minutes. This means you're able to grow your share of the underlying liquidity exponentially while you sleep. Each harvest performs 17 transactions and we pay the gas for you from collected fees.
Reaper is a decentralized autonomous organization, and all fees go toward building out financial infrastructure on Fantom.
Q: Why Reaper?
A: Broad farm support on Fantom and is always adding more. Secure contracts and have been audited by Solidity.Finance. Simple and clean UI gives you all the info you need at a glance with industry leading on-chain analytics. Fully transparent: what you see is what you get. All fees are factored into APY measurements and a warning if the target farm provider has any fees.
Q: Do you take a fee?
A: Reaper takes 4.5% on crypt profit for our Treasury. An additional 0.1% security fee on withdrawals which is distributed back to holders in the crypt. They will be promotional periods in the future with lower fees to help support other projects within the Fantom Ecosystem.
Q: How often does Reaper make harvests?
A: Currently, auto-compounding occurs every 15 minutes, and is executed by super-efficient AWS lambdas.
Q. When Token? When Airdrop?
A: No public plans for a token and no airdrop plans. Reaper's goal is to build our community organically and create a revolutionary product before thinking about tokens and governance. Any token claiming to be from Reaper is likely illegitimate, so don't fall for scams!