Harvest Finance: After a Little Break New Ethereum Farms!

By Cje95 | Chronic Illness and Crypto | 24 Dec 2021


It should not be surprising to say that with the recent market turbulence and high gas fees that recently Harvest Finance has not added any Ethereum based farms. When good opportunities though present themselves the development team for Harvest is pretty quick to respond and that they have done. The farm that was recently launched was for CRV:cvxCRV which I was initially unfamiliar with until I looked into it.

 

What is cvxCRV?

The best place to start is what is the token involved? Well, cvxCRV is the tokenized version of veCRV, and veCRV is what users get when they deposit CRV into the liquidity pool for CRV on Convex Finance. Convex Finance gives users boosted CRV rewards for using it however when someone deposits their CRV into Convex it is forever locked onto Convex Finance. Since locking up a token forever is something that users hate the veCRV you get from Convex Finance for your CRV cvxCRV plays a huge role in getting those boosted rewards!

 

The Farm

With the farm just being launched it does have a nice high APY right now at 124.89% APY. This is broken down with an LP APY of 0.73%, 41.37% APY in auto harvest CRV and CVX, and finally 82.97% APY with iFARM rewards. This farm is really unique and something I am pretty impressed by because of what it is. Curve is not a DeFi application that I see facing any danger as it continues to be pretty well utilized and really almost a blue-chip DeFi application at this point. This as well as Convex being a well-run and utilized DeFi application having the two staked rewards added and stacked on the Harvest platform as well makes a ton of sense to have!

 

Please know I am not a financial advisor I am just someone who picked up on a trend and wanted to express it! Makes sure you always do your own research and never invest money you cannot afford to lose! If you enjoyed this article and would like to further support me below are a couple of referral links that if you used when signing up I would appreciate it! Also, follow me on Twitter @Cje95_

 

 

Fold App

Offers daily wheel spins to win free sats daily! If you sign up for Fold with my link here you will get 5,000 sats for free! Currently, you can get Fold's Premium Debit Card Fold+ for free until February 1st. If you sign up for that as well we each receive a free $25 credit! 

 

Unstoppable Domains

Sign up using my link here and get a free $10 credit towards your first $40+ purchase! 

 

Coinbase

Sign up for Coinbase and earn $10 of free Bitcoin when you buy or sell $100 in crypto with my referral here!

 

SMiles

If you are like me and walk to work every day this app rewards your walking with Sats! So far I have earned over 2,200 sats in just a few weeks walking to work! Here is my link!

How do you rate this article?


92

1

Cje95
Cje95

Graduated from Texas A&M in May of 2020 had dabbled in crypto since 2017 but dove in at the end of 2019. December of 2020 packed up and moved to D.C.! Huge sports fan, space nerd, and international newsreader! Follow me on Twitter @Cje95_


Chronic Illness and Crypto
Chronic Illness and Crypto

Cryptocurrency and Blockchain are going to be a huge part of the future and no matter who tries it isn't going to be stopped! Here I try to give my best insight and thoughts into the latest crypto news, features, developments. Further, I look to discover any link to news from the United States ranging from social-political issues to stock market and economic data.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.