Harvest Finance: Newest Binance Smart Chain Farms

Harvest Finance: Newest Binance Smart Chain Farms

By Cje95 | Chronic Illness and Crypto | 15 Apr 2021


Yesterday along with rolling out new farms for the Ethereum side of things Harvest also released a couple of new farms on the Binance Smart Chain. These farms both utilize the same platform, Ellipsis Finance. Ellipsis is an authorize fork of the Curve Finance and as such has agreed with some of Curves basic principles like no lock up period, no depsiot or withdrawal fees, extremely efficient stablecoin swaps. 

 

With this being a authorize fork it was a lot easier for the platform to get a lot of traffic and as such by March 24th they had already almost hit $900 million in TVL making it the largest BSC stableswap on the chain. Holders of veCRV actually received an airdrop of EPS tokens which is the native token of the platform. EPS holders earn 50% of the distributions while the other 50% go to liquidity providers. 

 

The two current farms offered by Harvest are the EPS3:Pool which is a pool that has you deposit BSD, USDC, and USDT which are three stablecoins. The APY of this one is 82% however this APY is much lower than the other pool that is offered via the Ellipsis platform. The other pool is just a EPS-BSN pairing that you deposit your funds for on PancakeSwap. The LP token that you then get you stake on Harvest and the APY here is an out of this world 997%! 

 

These farms on Binance are more amazing than I could have ever figured. I personally have no idea which one I want to even invest in. So far not a single one of these farms is even close to just ideling you money. The gains that are available to people is honest to god amazing and out of this world. As I sort though which projects I think I will participate in I will be sure to keep yall up to date. I thought at first that I would go with Venus but these Ellipse pools are quiet intriguing to say the least!

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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

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