This content on this website has been prepared solely for informative purposes and should not be the basis for making investment decisions or be construed as a recommendation to engage in investment transactions or be taken to suggest an investment strategy in respect of any financial instruments or the issuers thereof. Learn more about the token distribution of FARM here. Instead, newly minted tokens are released and distributed weekly.Īs at August 11th 2021, the total supply of FARM is 639,925 and the current circulating supply is 606,355 (~94.75% of the total token supply). The project took a fair launch approach, there were no pre-mine or investors. Users provide iFARM as collateral in return for fCASH, which can be swapped to stablecoins (i.e.USDC).ĪmpliFARM : It is a token that is only rewarded in BSC pools, and it can be claimed immediately at 1:1 bFARM ratio or up to 4.18x depending on the staking period. iFARM is issued as deposit receipt for auto-compounding, and it is an interest bearing FARM token.įCASH : Enables users to take a loan without needing to sell iFARM. The fees are used to buy back FARM tokens from the open market and rewarded to users that are staking FARM.Īuto-compounding : FARM tokens distributed to users are automatically collected and re-staked in the profit sharing pool to improve their returns. Performance fee sharing : Users that stake FARM in the profit sharing pools are entitled to a performance fee taken from the yield farming strategies. Harvest Finance consists of the following major components working in conjunction: Governance : FARM token holders can create and vote on governance proposals. Users can further stake LP tokens in the Harvest Finance vaults to earn liquidity incentives paid in FARM. SushiSwap) and a share of the DEX transaction fees. Liquidity mining : Users can provide liquidity to LPs on other DEXs to earn liquidity mining rewards (i.e. Staking : Users can earn FARM tokens as performance fee rewards when they stake their FARM tokens in the profit sharing pools. The platform allows users to stake their assets in the Harvest Finance vaults, while the protocol executes various yield farming strategies on their behalf, and receives staking rewards in return.įARM is Harvest Finance’s native utility token and is used in the following functions: The platform helps users to maximize the returns on their assets by depositing in various projects across the DeFi ecosystem. Harvest Finance is a yield aggregator on Ethereum, Binance Smart Chain, and Polygon.
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