⚙️ Week 21 — New Strategies Galore!
📈 We are right here with you to celebrate the Ethereum all time highs this week. This will truly be the year of the 0x.
🆕 With no shortage of crops available, Harvest not only automatically farms the highest yields in DeFi, but also serves to be the destination to discover the best and newest farms to use. Today is no different with the introduction of 12 new farms!
💹 Introducing Mirror Finance and real world assets!
💱 Prior to today’s release, we’ve largely remained dedicated to crypto native assets. With the introduction of Mirror Farms, humble farmers everywhere now have the ability to earn yield with synthetic real world assets like Apple, Tesla, and Google. We’ve added the following four pools:
🌈 More Curve Love! Harvest continues its relationship with Curve by adding three new pools from the platform. Farmers now have two additional options for stablecoins and a new one for synthetic Ethereum!
- CRV: UST
💵 As the rise of algorithmic stablecoins and seignorage tokens continue to proliferate, Harvest is here with new crops that not only give you native yield, but also additional FARM rewards to sweeten the stablecoin yields:
👷♀️ A Community of Builders
Here at Harvest we pride ourselves on being all natural and organic, building deep roots into the DeFi community by utilizing all of its abilities. Recently we hosted a Builder Sprint planning session where anyone with technical skills could pitch in around the farmlands and earn some $FARM. Interested in lending a hand? Join us in our Discord chat where our #Dev channel is always active with ideas and job requests.
📈 Dashboard Delights
And speaking of community contributors, have you seen the recent update to the community built dashboard? New features include a price chart switcher, historical profits earned and theme saving! Visit the dashboard here to see live data around your deposit and delight in the profits that compound and grow before your eyes.
Builders aren’t the only part of the community we love!
🏆 Have you heard about our Marketing Contest with over $6000 in prizes available? We need your voices and contributions to help continually spread the word about Harvest Finance, and another way we want to empower the communal mind is by opening the new @HarvestFi twitter handle which will post curated user tweets or ideas posted to the #VoiceofthePeople chat room on our Discord server.
While our Official Twitter handle will still share all relevant project news and updates, this new community driven twitter account will allow everyone in our community to act as the marketing arm of Harvest Finance.
🇫🇷 DeFi France + Harvest Finance
🥖 Here at Harvest we have seen a large amount of support from our French farmhands, from translations to a very active #French Discord channel, and our first round of gitcoin donations included BanklessFR and DailyGweiFR. So we are very excited to announce a unique collaboration with DeFi France to link our two Discord servers with a custom bot built by their team which will relay in real time messages between each chat server. With this joint connectivity have now supercharged our #French Discord channel with the power of community and DeFi France!
💪🏽 DeFi Alliance
🤝 The true power of the DeFi ecosystem is shown when two or more projects can join up and create a synergy greater than what the two of them alone can accomplish. When we talk about our passion for community, this includes all of the builders in DeFi who are building something positive for the space. To this end we have joined forces with @DeFiAlliance to tap into their vast network of resources and experience to help Harvest Finance continually seek out the best in the business, whether it be developers, marketers or financial strategists. Visit the website here to learn more about the DeFiAlliance.
💹 Week 21 Farming Incentives:
In Week 21, 11378.69 $FARM will be issued.
📉 $FARM emission in week 21 is further reduced by 4.44% from last week’s emission of 11,908.08. This is part of the emissions cut community vote where 99.12% of the votes approved this decreasing emissions plan. After ensuring sufficient emission to bootstrap critical liquidity and incentivize capital providers, additional emission provides diminishing returns to Harvest.
7982.15 $FARM (70.15% of week 21) will be distributed to capital and liquidity providers as follows:
🎉 317.01 $FARM (2.79% of week 21) to stablecoin deposits into Harvest yield farming:
- 151.24 $FARM for USDC pool (1.33% of week 18 total)
- 87.94 $FARM for USDT pool (0.77%)
- 76.47 $FARM for DAI pool (0.67%)
- 1.36 $FARM for TUSD pool (0.01%)
🚀 1458.25 $FARM (12.82% of week 21) to Curve deposits into Harvest yield farming:
- 317.01 $FARM for YCRV pool (2.79%)
- 237.76 $FARM for 3CRV pool (2.09%)
- 317.01 $FARM for CRV-USDN pool (2.79%)
- 237.76 $FARM for CRV-BUSD pool (2.09%)
- 317.01 $FARM for CRV-COMPOUND pool (2.79%)
- 31.70 $FARM for CRV-HUSD pool (0.28%)
₿ 356.64 $FARM (3.13% of week 21) to BTC deposits into Harvest yield farming:
- 0.00 $FARM for renBTC pool (0.00%)
- 39.63 $FARM for wBTC pool (.52%)
- 118.88 $FARM for Vault_CRV_renwBTC pool (1.57%)
- 59.44 $FARM for CRV:TBTC pool (1.39%)
- 138.70 $FARM for CRV:HBTC pool (1.22%)
- 19.81 $FARM for CRV-OBTC pool (0.17%)
🤑138.69 $FARM (1.22% of week 21) to WETH deposits into Harvest yield farming
🍣534.95 $FARM ( 4.18% of week 21 to SUSHI) deposits into Harvest yield farming
- 118.88 $FARM for ETH-DAI pool (1.04%)
- 118.88 $FARM for ETH-WBTC pool (1.04%)
- 118.88 $FARM for ETH-USDT pool (1.04%)
- 118.88 $FARM for ETH-USDC pool (1.04%)
📈 59.44 $FARM (0.52% of week 21) to ETH-DPI UNI stakers into Harvest yield farming
👴 317.01 $FARM (2.79% of week 21 to Seigniorage) deposits into Harvest yield farming
- 79.25 $FARM for MIC-USDT pool (0.70%)
- 79.25 $FARM for MIS-USDT pool (0.70%)
- 99.07 $FARM for BAC-DAI pool (0.87%)
- 59.44 $FARM for MAS-DAI pool (0.52%)
👴 713.27 $FARM (6.27% of week 21 to New Pools) deposits into Harvest yield farming
- 19.81 $FARM for DSD pool (0.17%)
- 19.81 $FARM for ESD pool (0.17%)
- 19.81 $FARM for BAC pool (0.17%)
- 19.81 $FARM for DAI-BSG pool (0.17%)
- 19.81 $FARM for DAI-BSGS pool (0.17%)
- 19.81 $FARM for CRV:EURS pool (0.17%)
- 19.81 $FARM for CRV:UST pool (0.17%)
- 19.81 $FARM for mGOOG pool (0.17%)
- 19.81 $FARM for mAAPL pool (0.17%)
- 19.81 $FARM for mTSLA pool (0.17%)
- 19.81 $FARM for mAMZN pool 0.17%)
- 118.88 $FARM for 1INCH:ETH-DAI pool (1.04%)
- 118.88 $FARM for 1INCH:ETH-USDC pool (1.04%)
- 118.88 $FARM for 1INCH:ETH-USDT pool (1.04%)
- 118.88 $FARM for 1INCH:ETH-WBTC pool (1.04%)
- 19.81 $FARM for 1INCH:CRV:STETH pool (0.17%)
👨🌾1585.05 $FARM (13.93% of week 21) to $FARM stakers in the profit share.
🚜 0.00 (0.00% of week 21) $FARM to $FARM liquidity providers in the Uniswap USDC/FARM pool
🚜 79.25 (0.70% of week 21) $FARM to $FARM liquidity providers in the Uniswap WETH/FARM pool
🚜 17.07 (0.15% of week 21) $FARM to $FARM liquidity providers in the Uniswap GRAIN/FARM pool
🏦 2405.32 (21.14% of week 21) $FARM is set aside as a strategic reserve for future usage. It can be used for further incentivization opportunities e.g. market-making GRAIN, for incentivizing LPs, for combining into FARM/X LP positions later, or burning.
The strategic reserve address is: 0x19762b3b0Fe9b4d4Bd16eFA242CD1f3bCD5fa57C
🏦 39.83 (0.35% of week 21) $FARM is set aside for GRAIN buybacks. As part of the community vote, 0.5% of total emissions will be used to support GRAIN and GRAIN initiatives. The GRAIN silo address is: 0x6D0d02Ab03b4409628D147Af1a3de70F49da570e
👷 All time highs, but so much more to build
📜 Today marks a historic day for Ethereum and all of the different applications built on top of the platform.
🌐 Different from the all time highs of 2017, Ethereum’s network, now more than ever, is proving its utility in capturing the imagination of developers and the future of finance.
🚜 With the addition of synthetic assets such as Tesla and Google, perhaps we will see a future of farming with other synthetic assets. Perhaps on Harvest ;)
👋 Until next week!