Harvest Finance: Improvements and New Pools!

Harvest Finance: Improvements and New Pools!

By Cje95 | Chronic Illness and Crypto | 8 Mar 2021


Harvest Finance has really been brought to more people's attention especially with the addition of FARM being a tipping coin on this very platform. Being a liquidity provider on Harvest has been easily one of the smartest things I have done in the cryptosphere. When I first began they had stable coin pools but also Uniswap as it was during the initial Uniswap liquidity pool crazy!

 

Since then Harvest has come to add a wide variety of pools for different exchanges and coins. One of the most interesting ones that I have continued to follow is the addition of mSTONKS. At first, there were just 4 and recently they have now added an additional two of those being the tokenized forms of Twitter and Netflix. These tokens have all continued to have huge APY's above 110% in fact. 

 

These tokens also benefit from the newest kind of FARM iFARM! When I first heard about iFARM I was pretty confused about how it all worked. Just like with your normal FARM you deposit it in the FARM autocompounding vault you just have to check the iFARM box. The picture below shows how iFARM functions

 

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iFARM is tokenized FARM which allow you to not only collect the profit share but also is able to be used as collateral! Best of all the whole idea of iFARM was to cut down on the gas fees which it cuts in half! I personally compared the two gas fees I was asked to accept the first without the iFARM box checked and the second with it checked and the fees were much much lower 0.019 ETH compared to 0.042 ETH. 

 

Harvest Finance has continued to increase the utilization of FARM with this new added benefit. Between this and the continuous addition and refinement of pools Harvest seems like it is here to stay. By partnering and using other DeFi applications it further leverages an individuals lending power!

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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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