What does this WCCP do and is it fully configured on my router? I can only see being part of DMVPN.

The below is my full config on WCCP.

interface Tunnel0
description DMVPN
ip address 10.255.14.1 255.255.254.0
no ip redirects
ip mtu 1400
ip wccp 62 redirect in

sh access-l WAAS-REDIRECT-LIST
Extended IP access list WAAS-REDIRECT-LIST
10 deny tcp any eq telnet any
20 deny tcp any any eq telnet
30 deny tcp any eq tacacs any
40 deny tcp any any eq tacacs
50 deny tcp any eq bgp any
60 deny tcp any any eq bgp
70 deny tcp any any eq 123
80 deny tcp any eq 123 any

#sh run | i wccp
ip wccp 61 redirect-list WAAS-REDIRECT-LIST
ip wccp 62 redirect-list WAAS-REDIRECT-LIST
ip wccp 62 redirect in