Harvest Finance
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Harvest Finance

Recap: Week 50

New Listings, Vaults, and Community Calls!

Dear Farmers,

Week 50 was full of surprises — exchange listings, new vaults, and community calls that let our farmers connect and create bonds.

Summary

  1. Binance Listing
  2. New Vault ft. Zerogoki
  3. Community Call
  4. New Use Case for $iFARM
  5. Exploring Insurance Opportunities
  6. FARM Emissions Update

1. Binance Listing

11–13 August — Harvest’s main token, $FARM, makes it to the most popular exchange in the world — Binance.

First, on the 11th of August, $FARM was listed in the Innovation Zone — a place for most new tokens that are yet to be listed on the main platform.

In less than 48 hours later, Binance officially announced that $FARM had entered the main platform in four trading pairs:

✔️ $FARM — $USDT
✔️ $FARM — $BUSD
✔️ $FARM — $BNB
✔️ $FARM — $BTC

It’s a major milestone for Harvest as more than 180 countries' residents now have access to $FARM trading and beyond.

Details: Twitter announcement | Medium announcement

2. New Vault ft. Zerogoki

12 August — Harvest announces the addition of the new vault in collaboration with Zerogoki. This vault aims to support Zerogoki’s algorithmic stablecoin $zUSD and its synthetic ecosystem.

The vault currently sees ~$300K in deposits at ~200% APY.

Harvest will soon distribute extra $zUSD rewards provided by Zerogoki.

Details: Twitter announcement | Medium announcement

3. Community Call

11 August — Harvest’s first community call takes place on our Discord channel. The call maintained an average of 50 people tuning in over the span of one hour, which is a success given the fact that Harvest didn’t heavily market the call.

For those who missed the call, here’s what our community discussed:

🟢 Leads of the person behind the 2020 exploit
🟢 Expanding Harvest ecosystem via sub-brands
🟢 Bringing more transparency to the treasury
🟢 How Harvest can better fund itself

Head over to Recap: #1 Community Call for more details.

4. New Use Case for $iFARM

12 August — Harvest’s interest-bearing $iFARM token gets a new use case. Yel Finance launched a new staking pool where $iFARM depositors get to enjoy enhancement in the form of their native $YEL token.

Details: Twitter Announcement

5. Exploring Insurance Opportunities

At Harvest, we deeply care about security, especially after the unfortunate events of 2020. Given that, we are constantly exploring the new opportunities of the emerging DeFi insurance market.

This week, we published an in-depth tutorial for those who want to protect their $fUSDC in a fully automated manner. Risk Harbor is a platform where you can file a claim without the need of humans, as everything is handled and processed nearly an instant by smart contracts.

This is just the beginning of insurance products that we’ll recommend or integrate with. The ultimate goal is to make Harvest the most secure platform for your assets.

Visit our Tutorial on Risk Harbor

6. $FARM Emissions Update

$FARM Emissions updates are an integral part of each recap. This time it’s no different.

See the details & breakdown.

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