The FARM/PHTR pool marks the first liquidity pool Harvest has done in collaboration with another project. It provides an opportunity for people who are naturally long ETH and PHTR to deposit liquidity, earn rewards and still participate in the upside of both tokens.

The ETH/PHTR pool is a cornerstone pool for Phuture as we build out our liquidity network on Sushi.

This saves users both time and the network fees associated with making multiple transactions. Harvest Finance regularly collects or ‘harvests’ the reward tokens on behalf of users and exchanges them for more of the underlying assets that users deposited, thereby compounding the interest they earn. By collecting tokens from users and staking them en-masse on their behalf, they are able to reduce network fees (gas) per user and improve annual returns through auto compounding mechanisms. Harvest Finance acts as a yield optimiser for DeFi protocols conducting staking, lending and liquidity mining programmes. Fees are added to the pool, accrued in real-time and can be claimed by simply withdrawing your liquidity. This means that even as the liquidity pool grows your expected return will be bounded from below at 60% rather than diminishing over time.Īdditionally, by adding liquidity to these pools, the liquidity providers will earn 0.25% of all trades on both the ETH/PHTR and FARM/PHTR pairs proportional to their liquidity shares. Phuture and Harvest have committed to providing a minimum APR of 60% via a combination of FARM and PHTR rewards. There’s a potential competitor to Ethereum’s Yearn.We are delighted to announce that Phuture has collaborated with Harvest Finance to provide liquidity incentives to select SushiSwap pools. In Week 5, FARM holders voted overwhelmingly to cap the maximum supply to 690,420 tokens( Which is the present max supply) by reducing the emissions of tokens by 4.45% every week until week 208 (27 August 2024) which is exactly 4 years from launch.ĥ) $FARM is to be competitor to $Yearn Finance. As a result, a total of 14,850.108 $FARM tokens were burned irretrievably to decrease the total circulating supply. In this initial period, it was noted that emissions were higher than needed for the growth of the project. $FARM was launched with a hard-coded maximum supply of 5,000,000 tokens which would be minted over the course of 4 years. Directly speaking, the value of $FARM comes from the profits generated in the various deployed strategies. Moreover, when staking, your FARM token is automatically compounded upon every interaction with the Profit Sharing pool. The price of $FARM is subject to consistent buy pressure as a result. While each strategy may farm different assets, the performance fee is used to buy $FARM on the open market, which is then distributed to those who stake $FARM in the Profit Sharing pool. This is not based judging with their effort for more than two years and this is also to be released not linearly.Ī key innovation of the $FARM token is that it entitles holders to a performance fee (currently 30% ETH and 8% BSC) taken from Harvest's yield farming strategies. 20% of the $Farm token is for the Dev Team. 10% of the $farm token is for marketing. 70% of $FARM token printed weekly are for liquidity providers and also distributed to capital. $FARM was bootstrap launched without any, venture capitalist, or investor funds, with 0 circulating supply at launch. It is a long project with finished product. $FARM was launched on 1st of Sept 2020 and also their twitter account corresponded with when this was launched with much activities on it from time to time like weekly mint of $farms as voted by DAO and its TVL which is presently valued at $50m The website of the $FARM is one with welcomed about their product without anything on hype than only to buy their product which is on farming of different tokens. FARM is a token that is distributed to providers of capital to the pool, providers of liquidity to FARM-crypto trading pairs on decentralized exchanges, and a coin that is continuously bought back. Unlike some other pooled yield farming protocols, Harvest has an added component of the FARM token. The tokenized Bitcoin is being put to work in Curve. Swerve has over $600 million of locked value in its contracts. The stablecoins are currently being put to work in Swerve, a Curve fork that is promising to be more decentralized and “community-owned” than its predecessor. The platform currently supports top stablecoins like DAI, USD Coin, and Tether’s USDT, along with two tokenized Bitcoins and a Curve liquidity provider token for the RenBTC-WBTC pool. Harvest Finance is a DeFi protocol that pools user funds, then uses them in yield farms to achieve the highest returns at low gas costs.

Harvest finance yield farming