I love Harvest Finance and I was beyond thrilled when Publish0x added it to their tipped coins. I mean if I could I would have willingly signed up for getting tipped in FARM exclusively as I have been farming with them since November I believe of last year. I came in right after the USDC/USDT flash attack that caused many farmers to lose their USDC/USDT also known as crops! As I witnessed the devs behind the protocol and the farmers themselves rally together to implement a solution to help make those people whole I was sold!
Since then I have slowly added more and more DAI to my farm. Honestly, I am more than happy with the amount I have in there and ponder what other coins I would like to invest in but at the end of the day, the numbers just do not make sense for me to deviate. DAI has an amazing APY and it has remained crazy high for months now. The worst it ever got was roughly 12%...... 12% when a high yield savings offers 0.50%. This leads me to have to ponder to I want sure-fire money or to invest and see how a different blockchain or protocol develops. While it is already hard enough to try and decide which to choose when your APY has been over 30% since the beginning of the year how do you turn down money that is really practically being printed straight into your wallet???
I am someone who struggles to turn down this type of yield. It is not like DAI is a fluctuating currency it is a stablecoin. Within Harvest Finances Stabelcoin pools the lowest yielding one is TUSD which I have no prior experience with and have never interacted with. The USDC and the USDT pools are also above 30% and while I guess they could implode they have been as stable as any other stablecoin. The yield has been and continues to be at a high level like it is now so it is hard for me to not park my crypto here. While I could move or invest new money I put into crypto into altcoin favorites of mine like Tezos and The Graph those cryptos are near their highs. With the lack of clear growth in price a protocol like Harvest really shines brightly continuing to put my crypto to work while I try to find a new opportunity. Crypto prices across the board are roaring, showing how the bull market is still in complete control. With this going on it is hard for me to justify putting money into other things besides DAI. As this market moves I will be able to get a better read on it but for now, throwing my DAI into Harvest while waiting for that opportunity to present itself is a sure-fire yield producer! As long as my holding continues to increase in value who am I to be upset. The amount of DAI I have is growing and the FARM emissions are fantastic still! Much like people use NEXO or BlockFi to earn interest on their crypto I use Harvest the same way I just flip my different cryptos to DAI to do so!