# xGov-198 - CompX - Auto-Compounding Farms **URL:** \ **Category:** xGov Proposals Pilot\ **Tags:** xgov, voting-session-4\ **Created:** [April 24, 2024, 12:45pm UTC](https://forum.algorand.co/t/xgov-198-compx-auto-compounding-farms/11850 "2024-04-24T12:45:41Z")\ **Posts on this page:** 5\ **Page:** 1
**Author:** ![Xxiled](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.algorand.co/xxiled/32/3111_2.png) [@Xxiled](https://forum.algorand.co/u/Xxiled)\ **Post date:** [April 24, 2024, 12:45pm UTC](https://forum.algorand.co/t/xgov-198-compx-auto-compounding-farms/11850/1 "2024-04-24T12:45:41Z")
* * * id: 197 period: 4 title: CompX - Auto-Compounding Farms author: Kieran Nelson (@xxiled-plastic-cat) email: [kieran@compx.io](mailto:kieran@compx.io) discussions-to: company\_name: CompX Labs category: dApps focus\_area: Defi open\_source: No funding\_type: Retroactive amount\_requested: 75000 delivery\_date: 2023-11-20 status: Final * * * ## Abstract This is a retroactive proposal for impact delivered via CompX auto-compounding farms. These farms went live in 2023, and have been giving Algorand users a new way to earn higher yields from pools that they trust. ## Team Kieran Nelson - CEO/Founder at CompXLabs Akingbesote Jesulonimi (Nimi) - Founder / Lead smart contract developer ## Experience with Algorand Kieran - 2.5 years working in the Algorand ecosystem across Algogator and CompX. Extensive experience with Algorand SDK and ecosystem APIs. Nimi - 2 years experience working with xBacked create smart contracts, front end and backend for the platform. ## Present Proposal Auto-compounding farms take advantage of the composability of Algorand smart contracts and allow CompX to add a layer on top of [Pact.fi](http://Pact.fi) farm contracts. This extra layer allows us to offer users the ability to claim, swap and restake their rewards on a frequent basis. This results in higher yields for the user. ### Technical specifications [Auto-compounding farms tutorial](https://youtu.be/slxuiTNG6BY?si=qPYqoHGlGuWLmXTz) ## Future Blueprint CompX auto-compounding farms will continue to be a core feature of CompX. We will be bringing V2 farms, which are fully independant of [Pact.fi](http://Pact.fi) but V1 farms as they are now will still be utilised. ## Benefits for the community 1. The community can use our auto-compounding farms to gain higher yields while leveraging the proven contracts at [Pact.fi](http://Pact.fi). ## Additional information ---
**Author:** ![GhostOfMcAfee](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.algorand.co/ghostofmcafee/32/3235_2.png) [@GhostOfMcAfee](https://forum.algorand.co/u/GhostOfMcAfee)\ **Post date:** [April 25, 2024, 8:02pm UTC](https://forum.algorand.co/t/xgov-198-compx-auto-compounding-farms/11850/2 "2024-04-25T20:02:25Z")
Can you state whether CompX received any prior grants/VC funding for this product? And if so, what amounts? I suspect the answer is “no”, but want to be sure. Since the request is retroactive in nature, I think it’s a relevant question to knowing whether the work was already previously compensated, and if so, in what measure. Thanks. ---
**Author:** ![Xxiled](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.algorand.co/xxiled/32/3111_2.png) [@Xxiled](https://forum.algorand.co/u/Xxiled)\ **Post date:** [April 25, 2024, 8:08pm UTC](https://forum.algorand.co/t/xgov-198-compx-auto-compounding-farms/11850/3 "2024-04-25T20:08:45Z")
Hey, thanks for commenting! No CompX did not receive any grants or prior funding arrangements. We did receive $25k from BUIDL hackathon by winning our category. We did receive help in kind from Algomint as it was their devs that built the original CompX before I came on board in December. Their costs were paid from Algomint and the prize money from the hackathon. ---
**Author:** ![Adri](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.algorand.co/adri/32/2310_2.png) [@Adri](https://forum.algorand.co/u/Adri)\ **Post date:** [May 7, 2024, 1:07pm UTC](https://forum.algorand.co/t/xgov-198-compx-auto-compounding-farms/11850/4 "2024-05-07T13:07:42Z")
Hi, your github proposal is missing information and at risk of being excluded. Please review ASAP. ---
**Author:** ![Xxiled](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.algorand.co/xxiled/32/3111_2.png) [@Xxiled](https://forum.algorand.co/u/Xxiled)\ **Post date:** [May 7, 2024, 5:45pm UTC](https://forum.algorand.co/t/xgov-198-compx-auto-compounding-farms/11850/5 "2024-05-07T17:45:14Z")
Will do, will update this evening