Features of Harvest Finance (FARM)
FARM is a management token of the Harvest Finance platform for decentralized financing and profitable farming, operating on the Ethereum network. The developers of Harvest Finance claim that FARM owners can vote on proposals for the operating treasury of the FARM and receive 5% commission from Harvest operations.
"Harvest automatically grows the highest yield available under the latest DeFi protocols, and optimizes the harvest obtained using the latest farming methods," the protocol developers report.
What is a FARM?
FARM is a cash flow token for Harvest, one of the largest autonomous hedge funds.
What is the economy of tokens for FARM?
- Farmers receive cash flows from the income from AUM, which is currently set at 30% of the profit.
- In turnover at launch: 0
- The current turnover of FARM is 258,423,731 people.
- The total volume of FARM deliveries for 4 years amounted to 690,420 units.
14,850 FARMS were burned in the 3rd
week 5,846. 9 FARMS were burned in the 4th week - Harvest was fully loaded, without venture capitalists and premine.
What is fDAI, fUSDC, fWBTC?
fDAI, fUSDC, fWBTC are the harvest versions of these assets, which are automatically processed by the harvest algorithm.
These assets are automatically evaluated, and you can exchange them for DAI, USDC, wBTC at any time.
What was the reason for the launch of Harvest?
We were looking for a convenient way to farm the latest projects that produced different reward tokens. This process was very manual and inconvenient for people who had a regular job and did not want to keep up with DeFi 24/7.
Gas prices were really high, and it was expensive to grow alone, so we pooled our funds to try to save on gas. We decided to create a solution that we were looking for ourselves, and I hope it will help many others.
What is the Harvest roadmap?
Profitable farming is not going anywhere, and gas prices are not going down. Our goal is simply to provide people with a convenient way to get benefits and significantly ease your hard work, while at the same time looking for safe projects that could be added to the repertoire of profitable farming.
Over time, we plan to add more assets. DAO funds can be used to add useful integrations, provide rewards for errors and pay for security audits, and even to finance projects that can be built on the basis of Harvest and add value to FARM owners.
Smart contracts and audit
- Harvest smart contracts are published on Github.
- They were developed from scratch with safety requirements in mind, using as many proven components as possible. Review smart contracts before depositing funds.
- The reports of the Harvest security auditors can be read here.
- The developers thank Haechi and Peckshield for their hard work on this audit and for ensuring the safety of our farmers.
The team thanks:
A lot of people who helped with this project, including provided comments and useful suggestions for early versions of this product.
Andre Cronje, who inspired the developers that a lone developer can create so much useful DeFi infrastructure so quickly. He is a perfect example of what is possible in the world of DeFi, where barriers to entry have been significantly reduced, and software, creativity and value are so closely interrelated.
Community for participating in this farmer cooperative with us, thank you!
Weeb, which has created one of the most useful public goods on https://yieldfarming.info/.
Where can I learn more about Harvest?
The Harvest Community Wiki contains a lot of relevant information
https://farm.chainwiki.dev/