Harvest Finance is the decentralized finance platform that allows users to optimize their yield farming strategies by automatically moving their funds between various liquidity pools and protocols to maximize returns. It primarily focuses on automating the process of yield farming, where users provide liquidity to decentralized exchanges and earn rewards in the form of tokens.
The platform utilizes smart contracts to handle transactions and provide users with a seamless experience, often featuring strategies that can adjust based on market conditions. Users typically deposit their assets, and Harvest Finance takes care of the rest, aiming to maximize yields while minimizing gas fees and other costs.
The above intro is for the normies, as the crypto savvy people already know that Harvest Finance has the best yields on many chains. I discovered DeFi through $FARM back in 2020, and been a loyal farmer since then! Once a Chad... always a Chad!
Autumn came with the biggest-ever $ARB distribution campaign, as many Harvest Finance farms were boosted with enhanced yield opportunities. The event has 250,000 $ARB allocated, and farmers are already earning extra tokens.
Farmers were able to further enhance ding vaults on top of the highly popular Camelot V3. My $ARB stash was sitting idle in my wallet, and putting it to work when the APY was over 150% gave me a boost. The yield was consistent, and helped me farm over 50 $ARB in two weeks.
Harvest kept cooking and building and the effort was reflected in total value locked. The boosted farms helped the whole Arbitrum ecosystem, and Harvest Finance TVL on the chain went past $10,000,000 in a blink!
After claiming the $ARB rewards, I discovered that the xGrail farm also had boosted rewards. I added some spare crypto into this pool last summer and it compounded nicely since then. Upon checking, the yield on xGrail was between 40% and 90% in the last weeks.
It's not much but it's honest work! Every farmer knows this quote! The xGRAIL stash kept compounding, and earned 5.88 $ARB on top of the standard rewards. Claimed them as well, and had no doubts about what's next!
Can you guess what happened next? I've acted as a true Chad and tapped into the boosted Arbitrum farm, to consolidate the earnings! It's harvest season every day!
I converted 67 $ARB into flodestar_ARB and topped up the staked crypto. I am a strong believer that the product offering and platform are regaining the spotlight! This is DeFI Renaissance!
Want more alpha? Check the Leaderboard! Ever wondered who's the top farmer is or who's the one harvesting crops most efficiently? Curious about your ranking? You can check it now! I did and I am 98th in the All-Time charts!
The new Lifetime Yield metric tracks the USD value of tokens from every harvest event on your positions, reaching back to late 2020 for full historical insight. As an OG farmer... I love it!
Harvest Finance has evolved from a simple app into a yield powerhouse, offering a broad range of yield strategies and valuable insights into portfolio performance. Since 2020 to date.... the core mission remains intact.
Why I am bullish on $FARM? Because the emissions ended. There are now 690,420 FARM in circulation, and no more will be created. I still have those $FARM I earned in 2020, staked since the ... haydays!
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