> For the complete documentation index, see [llms.txt](https://dev.abracadabra.money/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://dev.abracadabra.money/periphery-contracts/wrappers/magicglp.md).

# magicGLP

magicGLP is Abracadabra’s auto-compounder for GLP tokens, where ETH yield produced by GLP farming is automatically auto-compounded back into magicGLP.

It's an ERC4626, also know as vault tokens, and rewards are accrue via an increase in GLP per mGLP as harvests happen.