![]() ![]() Navigate to Harvest.Finance and connect your wallet.In this example we will demonstrate how to use Harvest with the USDC token: These tokens automatically appreciate and can be redeemed at any time for their underlying value in DAI, USDC, WBTC. Tokens with an “f” in front of them like fDAI, fUSDC, fWBTC are simply the yield-bearing versions of these popular, underlying assets. Just deposit FARM into the Profit Sharing mechanism if you want to participate in the farming revenue. Once you’ve deposited you can start earning interest and FARM tokens. To yield farm with Harvest Finance, visit their site at Harvest.Finance where you can deposit stablecoins, tokenized bitcoin, Uniswap LP tokens, and other supported assets. So, if you have a strategy you’d like Harvest to implement, you can send it to their Discord channel #farming-strategies. And they plan to add more assets over time. Harvest Finance now boasts over 14 yield-bearing assets including these two new vaults. Now users can earn three different assets with just one asset which saves on gas costs and the numerous steps it would take to farm this trade manually. And they claim this makes their platform the easiest place to earn yield from Curve.fi. Harvest adds PICKLE CRV farming support for 3CRV.įurthermore, Harvest has recently added YCRV as a yield-bearing asset. UNI farming support for ETH-DAI, ETH-USDC, ETH-USDT, ETH-WBTC. CRV farming support for WBTC, renBTC, crvRenWBTC. SWRV farming support for DAI, USDC, USDT. CRV farming support for DAI, USDC, USDT. Here is a timeline list of some of the farming strategies that have been evaluated and implemented by Harvest. So, Harvest Finance offers an easy and cost-effective way to participate in yield farming. Nor is the likelihood of gas prices dropping anytime soon. And even with the recent slowdown, yield farming isn’t going to disappear. However, by pooling funds together, Harvest can save on gas fees. And even if you have the time, high gas prices can put most yield farming strategies out of reach for the average trader. The main reason to use Harvest Finance (or other protocols like it) is because the process of manual farming is too time-consuming for the average person. Harvest can use these funds for bug bounties, security audits, and also for new projects. The protocol will, however, collect transaction fees from swaps. Capital will be distributed as follows: 30% of the yield farming revenue will go to those who stake FARM, while the remaining 70% will be returned to users who provide capital.Īlso, Harvest charges no additional fees for withdrawing or depositing assets. Users can either decide to swap their FARM tokens or use them to provide liquidity and earn fees. And Liquidity Providers can deposit stablecoins, tokens, or pool tokens to earn their share of it. Harvest will cap the total supply of FARM tokens over the next four years at 690,420. ![]() Cashflows come from Assets Under Management while protocol profits keep incentives aligned for users to hold a stake and govern. Moreover, they get to participate in profit sharing from yield farming revenue. And FARM token holders not only get to vote on the future direction of the protocol, but they also receive incentives to provide liquidity. ![]() The FARM TokenįARM is Harvest’s governance token. Thus, by following his lead, Harvest looked for the best solution for themselves first so that they could then transfer it to others. Cronje showed how much one developer could accomplish by first building a solution for himself. The team at Harvest Finance cites Andre Cronje as inspiring their fledgling project. Harvest Finance - Inspired by Andre Cronje The Academy, which is the best place for learning about cryptocurrency, blockchain and decentralized finance, has several DeFi courses for learning more. Hence the name, “Harvest.” To put funds to work in these high-yield farming opportunities, users just need to deposit supported tokens to get started.Īs always, if you want some supplementary information regarding the DeFi field, you should go to Ivan on Tech Academy. So, Harvest works best for those looking for a convenient way to harvest yield from the latest projects in DeFi. It then optimizes yield with the latest farming techniques. Harvest Finance seeks to help with all of this by automatically searching out the newest DeFi platforms with the highest yield. Developing strategies and auditing positions takes time and the gas costs on the Ethereum network are high. If you’ve spent any time in DeFi, then you already know that manually moving funds around the various protocols takes time. Harvest will best appeal to those who can’t manage their decentralized finance (DeFi) positions 24/7 - which is most of us. Harvest Finance is an automated yield farming protocol created for users looking to put their assets to work in high producing farming opportunities. ![]()
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