Harvest Finance has not given up on continuing to develop their Ethereum yield farming options which is a fantastic sight to see! With the ongoing battle with gas prices killing small investors in Ethereum based DeFi and the launch of the Binance Smart Chain, it was pretty easy to see if they shifted their focus to BSC but they keep updating both!
So what was added?
Two of them were NFT farms from the same platform, NFT20, as the prior ones! The NFTs in this farm are ones I am not the most familiar with but have seen mentioned before. The first one is MEME20 which holds MEME LTD NFTs. At this very moment, there are over 5000 in the pool! The second pool holds GPUNKS20 which are GAN PUNKS this pool has over 400 NFTs in it. Both of these pools are some of the largest on this platform lending credence to their listing on Harvest Finance.
The third is another NFT based token but this one the ETH-MVI pairing. MVI is also known as the Metaverse Index token and this tracks the NFT market! It was only launched 11 days ago but has already picked up quite the following. It seems to serve almost as an index fund tracker. As the NFT market increases in value so will this token and if it goes down this token will follow. A pretty interesting idea that definitely helps fill a current need in the NFT verse.
The last new one is from the Klondike Finance platform and is the pairing of Klondike Finance's new algorithmic stablecoin kxUSD and DAI. With Klondike launching their second version or v2 it came with this new stablecoin feature. Its an interesting idea I have seen more platforms try and adapt and they are trying to keep the $1 value with DAI a solid choice for sure.
These four new farms are all key in that they are iFARM yielding farms! This means that the staking is automatic and done for you so you do not have to harvest and stake your iFARM like you have to do with regular FARM. I am optimistic that they will continue to adapt this plan and hopefully even start changing over the farms with regular FARM rewards to iFARM.
