![]() iFARM costs nearly 50% less in gas fees to interact with services of Harvest Finance when using iFARM compared to FARM. This new token, announced at the beginning of February, represents your profit share stake and can be used in DeFi protocols without losing your profit share APY.įirst of all let’s talk about gas fees. We can consider iFARM like a new updated “tractor” of Harvest Finance! It can be acquired by depositing into FARM on the front page of Harvest Finance website, with “Use iFARM” checkbox. iFARM is a yield-bearing token for Harvest. All of reward FARM tokens are swapped to iFARM tokens.īoth FARM and iFARM are ERC-20 tokens on Ethereum. These are some assets that you can deposit on Harvest Finance with their relative Harvest APY.Ī few month ago, Publish0x decided to replace FARM with iFARM, for the rewards to readers and authors of the website. In one week, deposits in Harvest are increased up to 550 millions USD with a monthly profits to farmers of 6,6 millions USD. That’s why I invite you to listen my song to learn, in an easy way, some main features of FARM! Harvest Finance is a great project with interesting opportunities of passive incomes, but what about a simple song that explains main features of Harvest Finance? Here there is my FARM SONG: Harvest Finance Easy Defy for all! But, as you know well, we must not only focus on yield. In this screenshot we can see that there are almost 500 million dollars deposited in Harvest with a monthly profits to Farmers around 6 million dollars.įARM, in these recent months, entered in the portfolio of staking lovers also for its interesting annualized yield, currently around 35%. Let’s see how the Harvest Finance homepage look like: Deposit FARM in Profit Sharing to share in the farming revenue. ![]() Navigate to harvest.finance and deposit stablecoins, tokenized bitcoin, Uniswap LP tokens, and other supported assets to start earning interest and FARM. Holders of the FARM token can profit share in the yield farming revenue, receive incentives for providing liquidity in Uniswap, and vote to help decide the direction of the cooperative. Harvest handles the APY tracking, strategy development and auditing, gas costs, and regular harvesting to ensure that returns compound. Harvest lowers the barrier to entry for people who don’t want to track DeFi 24/7, pay gas costs to harvest regularly and move funds between opportunities, etc. If you ask me, this shows the huge potential of DeFi and Yield Farming. Today, there are already more than 41 billion dollars locked up in DeFi protocols like Maker, Aave, Synthetix, and Uniswap. In summary, 30% of the profits made by companies is used to buy FARM, which means that the currency fundamentally provides “dividends” to the owners. Unlike other yield farming protocols, Harvest has an add-on for token FARM. Obtaining stablecoins and LP tokens from investors and putting them into the smart contracts of the leading DeFi platform can reduce the rate of return, but investors can be compensated with FARM tokens. As a yield aggregator, Harvest's service is arduous. Like Yearn, it is an income aggregator, but it does not have a star founder. Harvest was created by an anonymous team in August 2020, and it is not a fork of any large platform. Harvest Finance is a new DeFi project, essentially a passive fund. Well, probably yes, because that it is one of the currencies that Publish0x uses to reward readers and authors. Have you ever heard of this cryptocurrency? Consult a financial professional before making any financial decisions.This Sunday we are going to introduce Harvest Finance (FARM)! It should not be considered Financial or Legal Advice. We are not responsible for any profit/loss.ĭisclaimer: This article is for informational purposes only. * Our predictions are made on the basis of Historical Data. Harvest Finance Price Prediction 2028 Month ![]() Harvest Finance Price Prediction 2027 Month Harvest Finance Price Prediction 2026 Month Harvest Finance Price Prediction 2025 Month Harvest Finance Price Prediction 2024 Month Harvest Finance Price Prediction 2023 Month Harvest Finance Price Prediction 2022 Month ADVERTISEMENT Harvest Finance Price Prediction 2021 Month
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