❄️ fAsset Swapping and Staking pools launch on Tuesday 16/03/2021❄️
Harvest Finance
Harvest Finance is a leading automated yield-farming aggregator platform. It was created to make it easy for the masses to reap the high yields of DeFi (Decentralized Finance) by providing its users with a platform that discovers the safest, most profitable farming strategies, while also minimizing gas costs. All Harvest Finance investments are essentially Vaults — yield farming smart contracts, directed by a “controller” smart contract that is able to switch yield farming strategies. These vault contracts can make such changes without requiring users to withdraw their funds and redeposit — saving each user gas fees. Users can deposit their funds into a strategy and know that their funds will always earn the top rate available, maximizing their yield.
SnowSwap
SnowSwap is a DeFi project that provides liquidity pools for swapping between assets of similar worth, namely: yield-bearing stablecoins (in conjunction with other platforms such as yEarn, Curve, and now Harvest), and different flavors of wrapped tokens (including yield generating wrapped Bitcoin and locked ETH staking derivative tokens). Our goal is to allow users to more easily switch into the highest yielding token, avoiding withdrawal fees, and high gas costs from withdrawing, unwrapping and depositing into other products.
New fSnow Harvest Pool
SnowSwap is designed for low slippage stablecoin swaps and is based on Curve’s AMM. By creating pools for Harvest stablecoins, traders can easily swap between different Harvest stablecoin vaults saving on gas fees and or can exit positions cheaply by swapping back into vanilla USDC.
SnowSwap is launching its newest pool which allows Harvest Finance users to swap between fUSDC, fDAI, fUSDT, and vanilla USDC, as well as provide liquidity with these tokens.
Regular USDC, USDT, and DAI are first deposited into Harvest vaults, yielding fUSDC, fUSDT, and fDAI. Users can then swap between these fAssets or back into vanilla USDC using SnowSwap’s new fSnow Harvest Pool.
Swapping Between fAssets
Providing Liquidity
SnowSwap users can also diversify their yield across multiple stablecoin vaults by acting as LPs, staking their fAssets in SnowSwap pools to earn SNOW, the SnowSwap governance token.
First, deposit USDC, fUSDC, fUSDT, and/or fDAI into the yVault Harvest pool.
Upon successful deposit, you will receive the fSNOW token, which can then be staked into the Donner’s pool. Or, you can deposit and stake at the same time by clicking the green button.
After staking the fSNOW token you will start to receive SNOW tokens. At the time of writing, 200 SNOW tokens are distributed every day to all the different LPs on SnowSwap. X% of these tokens are distributed across all the liquidity providers in the Donner’s pool based on each individual’s percentage of ownership of the assets in the pool.
SnowSwap is intended to be a community-owned initiative. In the future, SNOW token holders will be able to vote on governance initiatives to evolve the SnowSwap protocol. Details will be announced soon.
For real-time updates, you can follow us on Twitter and join our Telegram channel or Discord server.
❄️ SnowSwap Social Media:
