I am a BinanceFARMer on the the BSC and you?

By Mchoeti | Mchoeti | 23 Apr 2021


What is Harvest Finance and can you be a BinanceFARMer?

At the moment everything is suggesting you the next big altcoin run and the next super duper coin which will make a 100x from now on.
On the other hand there are some projects out there which are giving you profit when you stake your coins. And the best thing you do not have to leave them forever. You see what you will get or in other words

Your hard work is about to become easier with Harvest 

It ain't much, but it's honest work.

And this is the point. In this post I did a deeper dive on https://harvest.finance/ . No not the Ethereum based one, I am looking to “harvest something on the BinanceSmartChain in other words called BSC.

What do we need ?

Please also make sure that you have your wallet prepared. With wallet I mean that you have set up your Metamask with the Binance Smart Chain . IF you haven`t done that you can use the official Blogpost from BINANCE. But in simple steps explained you need to configure your wallet to add a new Network, in our case Binance Smart Chain. Here are the key facts, but please check the official blog post again. Typos can always occur. This is what I got from the docs

 

What you need to do – Now let`s go

Well first of all you have to navigate to the landing page. https://harvest.finance/ .
Then you should have 2 options. Ethereum Mainnet Farms or Binance Smart Chain farms.
To switch click the button and welcome you are on the Binance Chain Pool.

Welcome to Harvest finance

Now we need your wallet, which you have prepared in the step before. Now select your configured Wallet.
In my example I am using Binance Smart Chain as the network and Metamask as my wallet.

Select BSC

If you have nor selected the BSC Chain before you will be asked again, if you want to switch.
Then please allow the request, there should be no fee displayed. Otherwise please check again. If you have successfully switched to the BSC
you will see your Wallet connected as a symbol in the upper right corner

You are connected

 

How it works – Lets start farming

And now well let`s farm. You choose your favorite asset. As example when you have USDT or DAI in your pocket.
Why not try to farm a few new Tokens at a percentage of 29% APY (in USDT) or about 32% APY (in DAI).
It could be simple. Please check and read the information on the page.

First you search for your asset. In my case I use USDT

Find your Currency

This means I can “stake” my tokens in the VENUS pool and I can earn some rewards for that.
Hm sounds interesting. Well now I expanded the reward section. And as you can see I would get 29% APY.

Read the details

But please read carefully, you will get 10,47% in XVS and 19.01% in bFARM tokens.
This is how it works. And you have to pay a small fee for the deposit and the withdraw.
To be honest, I have never paid more than 0,50 USD for Staking an claiming. But it is fair to say that nothing is for fee.
Also not the coffee J . Last please also check the Details of the vault which should be also visible for you.

Details2

 

My conclusion

And now welcome on board and happy Farming #BinanceFARMer . And for a better understanding i added this sweet little overview. Because a picture is explaining more than 1000 words. Anyway safe trades and have a wonderful day.  To be honest i did this a few couples ago, but i think it is a good alternative and an option if you want to earn passive income. But as always, no financial advise and please please please do your own research.

Harvest Overview

 

Other projects:

But as always this is not a financial advise this is only my way of thinking. Be careful, take profits and remember you can loose all your money. I also added some of my affiliate links in the box. If you need an discount of 10% on BINANCE you can use this one. And if you want to participate on other projects. As example DEFI please use the link to receive a sign up bonus about 20$ after your first deposit. Stay save and make good gains.

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Mchoeti
Mchoeti

I am from Europe and i am just crazy about the combination of the IT and history. Based in Austria i am searching for the perfect solution to combine History and IT.


Mchoeti
Mchoeti

Hi everybody, welcome to my blog. I will try to write about new investment possibilities. And sometimes for my german speaking friends, they are written in German. All the best and stay healthy

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