Introducing: Terra UST Vault
Exploring the details of Harvest’s Terra UST Stablecoin Vault
We are excited to reveal the result of our collaboration with Terra to enhance the liquidity of Terra’s native UST stablecoin on Ethereum.
Our farmers can now deploy their assets to the UST-USDT stablecoin vault powered by Uniswap v3.
What does the Terra Vault offer?
- Uniswap V3 trading fees are automatically claimed and reinvested by Harvest
- $iFARM Rewards
- $LUNA Rewards (New!)
There is strong demand to swap through UST recently, and this vault is designed to provide highly concentrated liquidity to maximize fee income for depositors. We are looking forward to supporting the Terra ecosystem as it continues to grow and ship exciting defi applications like Terra Bridge, Terraswap, Anchor Protocol, Mirror Protocol, and many more.
How to claim $LUNA Rewards?
For the time being, $LUNA will be claimable only via the regular Claim button alongside $iFARM.
With more collaborations on the horizon, we’ll be exploring support for separately claiming rewards.
What is Terra?
Terra is a blockchain protocol that supports stable programmable payments and open financial infrastructure development. It is supported by a basket of fiat-pegged, algorithmically-stabilized stablecoins like $UST which are backed by demand for its native staking asset, $LUNA.
What is Harvest Finance?
Harvest is an asset management platform that maximizes yield for assets deposited by users. Harvest reduces gas costs and develops cutting-edge strategies to become the stop-shop of yield farming in DeFi.
This article is for informational purposes only. It should not be considered Financial or Legal Advice. Not all information may be accurate. Consult a financial professional before making any financial decisions.