Harvesting & Compounding Vault Rewards

After vaulting funds on Helix for a set period of time, users of the platform are offered three choices regarding their earned rewards, to either harvest or compound, or allow for accumulation.

While the choice is down to the individual vaulter, there are certain benefits to the first two options, namely increasing capital efficiency and the utilization of funds, other users however will benefit further from the accumulation alternative, and the avoidance of gas fees.

Compounding vault rewards allows you to add earned HELIX to the principal amount, earning higher revenue

Harvesting Vault Rewards

Continuing from our earlier vaulting example, where we split the remaining HELIX into two allocations, 24 hours after depositing into the vault, we can clearly see the added rewards earned from the longer lockup period.

For this example, we will be harvesting the rewards earned from the shorter vault lockup of 360 days, and later compounding the rewards in the other vault.

To begin the harvesting process use the drop-down menu to expose the details for the vault in question.

Select the collect option and confirm the transaction with the wallet popup.

After completion, the HELIX earned as rewards will be deposited into your wallet, and the vault display will change to show the new available rewards balance.

Compounding Vault Rewards

The secondary option when faced with vault rewards, is that of compounding, which adds the rewarded HELIX to the principal amount, earning greater interest, and compounding returns.

For this example we will be using the vault created earlier in the previous section, how to use Helix vaults, which had a principal deposit of 1,124.12182 HELIX, locked for a period of 720 days.

To begin, navigate to the vaults tab on Helix.Finance, and select the vault in question. Use the drop-down menu to expose the necessary details.

Select the "Compound" tab, and confirm the transaction in your wallet. There is a gas fee associated with this process as usual.

When complete, the additional reward amount will be compounded with your principal, allowing you to earn even greater daily yield.