Introduction
How To Reaper
General Knowledge
Reaper Risks
Extras
Developers
🪦
What is a Crypt?
Each Reaper Crypt is comprised of two smart contracts: a Vault Contract and a Strategy contract. Both exist on the blockchain and so, can be publicly verified by anyone.
Click the more info button on any crypt and you'll see links to the specific contracts like so:
The Vault contract secures and manages all deposits and withdrawals for all Crypt assets. Basically, this contract replaces an intermediary or custodian for your deposits. Its like the bank teller and the bank vault rolled into one.
The Strategy contract handles all the transactions that go into generating that tasty APY. It sells the rewards farmed off your assets, creates new LPs and re-deposits them in to the Vault contract for you. If the Vault contract is the teller, the Strategy contract is your broker. Its the one doing the work of generating the value for you.
All the gains on your deposit stay in the Crypt earning more and more return until you decide to withdraw. This is very tax-efficient as no gain is realized until withdrawal!
Inter your funds in some Crypts and watch your positions balloon as compound interest works its magic.
Last modified 3mo ago
Copy link