How to “Yield Token Compound” using the YTC tool.

Component
Nov 30, 2021

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Follow these steps to successfully compound your yield tokens using Component’s YTC tool!

  1. Select the desired asset and the Element term of your preference

2. Approve the chosen asset

Note: To approve an asset the user has to incur the current gas costs.

3. Input the amount and simulate

By default you get the first 1–8 compounds. To see how to use advanced options and select a custom amount of compounds (up to 30), please navigate to the bottom of the tutorial.

4. Input the estimated variable rate of your preference

5. Select the desired number of tokens that you wish to compound

6. Confirm the transaction

Disclaimer: This does not reflect current gas costs.

7. Congratulations You’ve Successfully YTC’d

Advanced Options

This section of the tutorial will go over the advanced options that allow a user to specify their desired # amount of compounds.

  1. Select your desired custom compound amount

2. Choose 1 out of 3 custom options

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Component

Component is a data-driven company that makes DeFi investment strategies across various protocols, chains, and L2s simpler by using an “optimize-first” approach