Recap #5 — February 2022
New ATHs across the latest vaults & farmlands to explore.
Dear Farmers,
This week we’ve seen an influx of depositors to our recently readjusted Stakewise UniV3 vault. A ~750% TVL increase in just 8 days from 2M to 17.5M!
We are excited to see ETH stakers realize Harvest is the best place to earn an extra yield on top of their staked $ETH.
What’s more, the mStable vault has been silently climbing towards $1M TVL in less than two weeks since its launch.
Let’s tune in and explore everything that happened in our ecosystem in the last few days!
Summary
- $LOOKS vault continues to reap high APYs for farmers
- mUSD Vault ft. mStable climbs to new ATH
- Claim your vested $FARM via official UI
- New vault: $WETH-$ETH ft. Balancer goes live
- New collab ft. Orbit Chain & its vault go live
- $FARM Emissions Update
1. $LOOKS vault continues to reap high APYs for farmers
Love or hate NFTs, the undeniable craze around them causes hefty trading fees to the second biggest NFT marketplace looksrare.org.
Unlike Opensea, LooksRare has its token that allows its holders to earn their share of the platform fees. Our builders spotted that opportunity early on and launched a vault for the $LOOKS token that lets its holders earn even more.
We are excited to see the single-stake $LOOKS vault scratch $1M TVL while keeping an insane APY of above 2000%! What’s more, $LOOKS-$ETH liquidity providers at Uniswap V3 enjoy high APY at Harvest, which hovers at around 1000% APY @ $3M TVL.
Explore $LOOKs farmlands at harvest.finance with the following names:
- LOOKS
- LOOKS-WETH
2. mUSD Vault ft. mStable climbs to new ATH
Launched mid-Jan 2022, the mUSD vault saw this week near $900K in TVL as more mStable users realize they can earn greater yield when depositing mUSD via Harvest.
The mUSD vault is one of the easiest for new farmers to start at Harvest. No need for liquidity provision! Hit deposit on your mUSD, and you are all set to earn auto-compounded rewards!
3. Claim your vested $FARM via official UI
Feb 2 — Harvest started vesting FARM tokens on week 41 (early Jun 2021), and as the first vested FARM tokens have become available, we are releasing an official UI page for users to claim them.
👉 Claim your vested $FARM here: vest.harvest.finance
Please make sure to read out FAQ before claiming or writing a support ticket on our discord.
4. New vault: $WETH-$ETH ft. Balancer goes live
Jan 31 — Harvest officially announces the $WETH-$WBTC vault to the world. Farmers who deploy their LP token to this vault earn trading fees, auto-harvested $BAL topped by $iFARM rewards.
Our friends at Balancer have plenty of opportunities to build new farmlands atop, and we can’t wait to ship them all where it makes economic sense.
5. New collab ft. Orbit Chain
Feb 2 — We are excited to partner with a Korean crypto giant — Ozys, a firm behind the Orbit Chain. This collaboration focuses on the liquidity mining incentive program that pertains to their $ORC-$ETH pool on Uniswap 3.
Orbit Chain prepared a sizeable amount of $ORC rewards for farmers, and we are beyond excited to see $1M TVL in deposits in under seven days since the launch of the vault.
See the details of this collaboration here.
6. $FARM Emissions Update Week 75
📉 $FARM emission in week 75is further reduced by 4.44% from last week’s emission of 1,021.82.
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See you next week & happy farming!
Harvest Team
About Harvest
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.
Connect with Harvest: Website |Twitter |Discord
This article is for informational purposes. It should not be considered Financial or Legal Advice & not all information may be accurate. Consult a financial professional before making any financial decisions.
