As soon as I finished and got ready to publish my Binance Smart Chain Harvest Finance post I saw Harvest has added two more farms in the past couple of hours for the chain! They are not taking any days off and I have to say I love it as they just keep on plowing ahead!
Harvest today added bDollar and 1INCH Binance pools to the BSC side! With bDollar the pairs are DBO-BND, DBO-BUSD, and SDBO-BUSD. This protocol uses a multi-peg system to reap inflationary rewards. This multi-peg system utilizes mechanics of the Seigniorage concept ie expansion and contraction. This allows the protocol to burn BDO or mint BDO as is needed following within the same vein as AMPL actually.
1INCH has only two pools but both of them are well-known coin pairings we have seen before on the Ethereum chain. The first is 1INCH-BNB and 1INCH-RENBTC. Nothing too exotic within this farm.
They have also redone the page to group the different farms being used. Venus has also added serval new coins that can be deposited on that platform the pairing deposited including: DAI, USDC, USDT, BETH, ETH, WBNB, and BTCB along with the others they had listed yesterday. The 10 pools within the Venus farm do not have a fantastic APY with all of them falling between 3-10.2% but this is just purely off of the venus tokens earned FARM emissions have not been activated yet.
Combined there are a whopping 24 pools on Harvest Finances BSC segment. This is pretty amazing with how yesterday there were only 8 pools so in less than a day they have added an additional 16 and surpassed the initial 18 vaults they had when the protocol was first rolled out on BSC just days ago! I am really interested to see how the FARM token will be distributed and if there will be anything done to allow people to move between the two chains. Say I have 2 or 3 iFARM on the Eth chain and I want to move the iFARM to the BSC chain will they set something up to allow for easy conversion or maybe if you use the same wallet you can get your Eth iFARM compounded into BSC iFARM!?!?
Only time will tell but the future is extremely bright for this protocol and its growth has been nothing short of remarkable! They have continued to be agile and at the front of the new trends to do the best they can for those that use them!
