Harvest Finance: Helping Further DeFi and Farmers Getting Better Rewards!

Harvest Finance: Helping Further DeFi and Farmers Getting Better Rewards!

By Cje95 | Chronic Illness and Crypto | 9 Sep 2021


Harvest had been pretty quite over the weekend, but that was not the most surprising thing with it being Labor Day Weekend. Most people in the US had a three day weekend and that even included me someone who never seems to get holidays off! While they were not tweeting or really announcing anything they were rallying the troops to vote on the important Bancor proposal to extend the $FARM liquidity pool!

 

The proposal was big as it extended the pool for another 100 days. This extension further encouraged participants to deposit FARM and by doing this it gives FARM an cheap way to access more FARM to buy back via FARMS buy back mechanism! The better prices that Harvest is able to access allows for them to be able to buy back more. This in turn leads to an increase in the amount of FARM that is able to be distributed to the people who have iFARM or have staked their FARM in the auto-compounding farm! This is what I have been doing with my Publish0x iFARM and FARM and I am getting closer and closer to my goal of earning one whole FARM! I have to say it is a pretty good use of your Publish0x earning especially if you happen to acquire a sizeable amount of FARM! I typically have withdrawn FARM every other cycle unless I earn over 0.2 FARM which if I earn I go ahead and withdraw and monitor gas prices to deposit. 

 

Another big thing that they have announced was something I did not expect from the team but I am very very supportive of. They have taken part in Gitcoin's round 11 grants. They contributed $50,000 USD to the grants to be a matching partner for this round of grants! These grants are a huge resource to developers of open source projects to find funding to create and grow their ideas! This falls in line with Harvest's desire to give back to the community and at the same time continue Web3 growth and adaptation! 

 

These two things were the big weekend news and the first one in particular should really allow for Harvest to boost its FARM pool APY%!

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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. and shares my growing pains with y’all here! Huge sports fan, space nerd, and international news reader!


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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