Auto MEL Syrup Pool

Stake MEL, earn MEL!

You've now got two delicious flavors of MEL-MEL Syrup Pool to choose from: Auto-compounding, and Manual. Read on to learn more!

What’s the difference between the “Auto MELPool” and the “Manual MEL Pool”?

With both pools, you can simply stake your MEL tokens to earn more MEL tokens.

But there are some differences:

Manual MEL

• You need to harvest or compound (reinvest) your MEL by yourself. That means returning to the site, tapping buttons, and using a bit of BNB for transaction fees.

• Interest is displayed as APR, which doesn’t include compounding.

• Deposits SYRUP Token to your wallet upon staking

Auto MEL

• Stake your MEL and forget about it! The MEL you stake in this Syrup Pool will be automatically compounded (reinvested) for you, minus a small fee.

• The “automatic” compounding function is triggered by other users who get a small bounty for triggering it.

• Interest is displayed as APY, which includes compounding.

• A small performance fee is subtracted from your earnings each time the pool is automatically compounded. See below.

• An unstaking fee applies when you unstake within 3 days of manually staking. See below.

• Does not deposit SYRUP to your wallet upon staking

What are the fees for the Auto MELvSyrup Pool?

Deposit fee

• None

Unstaking fee

• 0.1%
 if you unstake (withdraw) within 72 hours.

• Only applies within 3 days of manually staking.

• After 3 days, you can unstake with no fee.

• The 3-day timer resets every time you manually stake more MEL in the pool.

• This fee only applies to manual unstaking: it does not apply to automatic compounding.

Performance fee

• 2%, subtracted automatically from each yield harvest.

• For example, if the harvest was 1 MEL, then 0.02 MEL would be subtracted as the performance fee.

The MEL collected via the unstaking fee and performance fee is burned every week as part of the regular MEL token burns.

This is a good thing for MEL holders because it reduces the overall amount of MEL tokens in existence, which helps reduce inflation.

What's the best way to use the Auto MEL Syrup Pool?

Simple: stake your MEL, but only withdraw after 72 hours (if you need to). This way you only pay the performance fee, and not the unstaking fee.

What’s the Auto MEL bounty?

Auto MEL Bounty: 0.05% of all Auto MEL pool users’ pending yield

This bounty is given as a reward for providing a service to other users.

Whenever you successfully claim the bounty, you’re also helping out by activating the Auto MEL Pool’s compounding function for everyone.

Make sure the amount of MEL you receive will be greater than the BNB fees you’ll spend to submit the blockchain transaction!