Harvest Finance: Five New Polygon Farms and One New Ethereum Farm

Harvest Finance: Five New Polygon Farms and One New Ethereum Farm

By Cje95 | Chronic Illness and Crypto | 29 Nov 2021


Harvest has continued to add farms but for the most part, they haven't been the most interesting this time though they added some key farms that I personally feel will facilitate HUGE growth on the platform. That being said here is what was added:

 

Polygon Chain

After announcing that they were going to further partner with Idle Finance for the Polygon chain I got pretty excited but there was not a ETA on when those farms would be available. The farms that were going to be offered were huge! The were the first with stable coins, USDC and DAI, plus wETH! Having these included on Harvest is key to expanding the platform due to how people like myself use stabelcoins like DAI as a savings account of sorts. Well now all three of these have launched on Harvest! WETH, DAI, and USDC are live earning 2.16%, 7.74%, and 4.88% APY respectifvly. Now for how it is right now the yeilds are being paid out in MATIC which I am currently on the fence about but yield is yield! 

 

Harvest has also further added a couple of new Jarvis farms. Thouse farms are Jarvis 4EUR and Jarvis DEN-4EUR. These are forex trading so I do not know the entirely of really how yielding these work but they are yielding at 58.85% and 486.68% APY respectively. Now all of these new farms from both Idle and Jarvis are not yielding any miFARM yet but that could change tomorrow. 

 

Ethereum Chain

Since Babylon Finance launched its governance token and Harvest users where able to claim early access to the tokens it only made since that a farm would be launched for these as well. Right now its really is not doing much yielding only 0.02% APY but this is only coming from Uniswap trading fees for the pairing BABL-ETH and this could easily change. Also if Bablyon and Harvest decide to boost it it could further increase but this has yet to be seen. 

 

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!

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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.

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