πŸ“ŒFAQ

  • Does Magator take custody of my tokens? No. Yieldmos is a non-custodial solution that does not take custody of your assets.

  • What networks does Magator currently support? Magator currently supports compounding of staking rewards for almost 30 networks. Magator also supports compounding of all liquidity pools (LPs) rewards on Osmosis. Magator is also regularly adding additional networks.

  • How is Yieldmos different from other staking reward compounding services? Magator supports every validator on all supported networks. Magator also allows you to specify an allocation to each validator you delegate to. You can also choose to keep a portion of your staking rewards in your wallet and not compound them.

  • Does Magator have the ability to send my funds to itself? No. Magator can only execute a limited number of operations with your authorization. None of Magator's current strategies require the "send token" permission.

  • Does Magator use smart contracts? No. None of the current Magator strategies use smart contracts.

  • Will my yields be higher by using Magator vs. compounding manually? No, not inherently. If you manually compound as often as Magator, your yields would be very similar.

    However, the benefit of using Magator is that you don't have to spend time compounding all of your rewards yourself, thereby saving you time.

  • If I opt-in to email updates, what does Magator do with my email address? Your email address is only used to send you the notifications you have opted-in to. Magator does not sell or share your email address, nor does Magator plan to do so in the future.

  • Am I still eligible for airdrops if I use Magator? Yes! Since you always maintain ownership of your tokens while using Magator, you continue to be eligible for all relevant airdrops.

Last updated