Harvest Finance: Ramping up Uniswap V3 Farming

By Cje95 | Chronic Illness and Crypto | 28 Jun 2021


When Uniswap V3 rolled out it brought with it some really novel ideas that shake up the liquidity pool game. Version 3 allows for people to stake in given ranges and this further allows users to control their exposure and prevent losses. However, using this limiting feature naturally also limits the possible gains people could reap. 

 

Pairing this huge feature with Harvest Finance was something I was really interested in seeing and Harvest has yet to disappoint. Initially, with the huge rollout, the feature was not available on Harvest, and instead, it was the standard pools. Over the last week or so Harvest has begun to roll out different almost sub farms that allow people to participate when the limiting feature. The ones that they have rolled out thus far allow for someone to control for the ETH Range and they seem to fall into 1.4k-2.4k and 1.9k-3.5k. These farms are for USDC-ETH, USDT-ETH, and DAI-ETH so now each one of these has two different farms. 

 

If you staked or provided when the farms launched your value was transferred to the 1.9k-3.5k which is the higher-yielding farm overall. The yields for the farms differ pretty widely with up to 40% swings. However, the higher yields are nice to help offset the impairment loss many in these farms will have due to the value of Eth being 1.9k. Until the value of Eth increases people who provided liquidity will have these losses. 

 

This upgrade by Uniswap gives individuals control over their crypto that was not previously had and really does a good job of helping protect new people in the crypto realm. It is extremely encouraging to see the crypto community take care of its own and try to prevent huge losses that had previously occurred. Harvest has really nailed rolling out their farms that deal with this break. They definitely took care of those who first joined the launch and now have offered another pool that existing users could play off of. 

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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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