With Ethereum once again soaring the Uniswap V3 offerings by Harvest are facing the issue of not being within the correct Ethereum range. While in Uniswap V2 the pairing was the pair no matter the cost with the third version of Uniswap you are able to set when people can utilize your deposited tokens or not. This is to help protect those who lend their assets during crazy price swings.
When first launched Harvest offered two different farms each of the following Uniswap V3 token pairings. The farms USDC-ETH, DAI-ETH, and USDT-ETH the the difference in the farms being there Ethereum lending range. In one farm which has now been discontinued the Ethereum range was $1,400 to $2,500 and the second one which is still active is $1,900 to $3,500 USD. When they first launched these it really covered the whole run of Ethereum at the time but with the second run of Ethereum, the Harvest team is readying the farms for the $3,000 to $4,500 USD.
While no announcements have been made yet about when these farms will be active it would not be surprising to see these farms become active sooner rather then later. The Uniswap V3 farms that had the ETH range up to $3,500 are all yielding over 100% right now so its not like these farms are suffering from the price being so high. What I am interested in though is if Harvest will allow users to have their deposit transitioned to the new farm or if you would be forced to unstake and restake your investment. Previous farms that have evolved have gone both ways so I am not sure how it would play out. Sometimes Harvest covers the fees and something they do not.
I am excited though to see these appear on the dashboard though as it shows that the Dev team is paying attention to the market and making adjustments accordingly! Remember to always do your own research as I am not a financial advisor! If you liked this article and would like to further support me below I have left some different referral links to different crypto products I use!
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