Recap: Week 58

Just.Z

Published in

Harvest Finance

5 min readOct 8, 2021

Giving back to the people

Dear Farmers,

We are standing by our commitment to give back to the people who support us on this journey. This week was plentiful in such gestures, and we won't hesitate to talk openly about them.

We highlight those to show people on the outside that you can make a good living by contributing to Harvest. Everyone is welcome to join our discord and feel themselves home from day one.

Without further ado, let's see what happened this week!

Summary

$stETH on Harvest's Rari Pool
First Public Sale by Harvest Incubator
$8000 to Yeomen for Bancor deal
$5000 Fertilizer ft. Phuture Finance
$7900 Sent to the Winners of the Creativity Contest
$3M TVL in the $ETH Vault ft. Stakewise
Harvest at Token2049 Event
Q3 Stats for $FARM / BNT Pool
FARM Emission's Update
FARM Listing on LATOKEN

1. $stETH on Harvest's Rari Pool

4 October — Harvest's Fuse Pool at Rari is a successful venture that enables farmers to borrow stablecoins against their $iFARM. The pool sees over $6.5M in deposits at a 17% utilization rate!

Our Fuse pool called FARMStead is one of the most attractive ones among others listed at Rari. What's more, its Risk score went from D to C, which suggests to lenders that the pool is now safer to deploy in the assets.

2. First Public Sale by Harvest Incubator

7 October — Harvest's new venture arm called NFT Incubator saw its first public auction launching less than 24 hours ago.

The goal of this venture is to measure interest among farmers in Harvest-themed digital art. We've received many signals from our community that Harvest should be present in the art trend, and the result of the upcoming auctions will tell whether it's the right fit.

If the Incubator doesn't meet desired results, it will be discontinued.

3. $8000 to Yeomen for the Bancor Deal

6 October — Three brave Yeomen receive their share of fruits from Harvest's collaboration with Bancor. A little over $8,000 has been fairly distributed among our humble builders that helped Harvest seal the Bancor deal.

Have an idea for a fruitful collaboration for Harvest? Pitch your idea and get your 10%!

4. $5000 Fertilizer ft. Phuture Finance

5 October — Phuture Finance decided to celebrate their vaults surpassing $300,000 in TVL with a Fertilizer.

The campaign's goal is to reward loyal farmers who helped to reach this milestone and incentivize those who hesitate to put their assets to work.

To be eligible for the share of the prize pool, a farmer needs to participate in one of Phuture's vaults. Read more details in the announcement post.

5. $7900 Sent to the Winners of the Creativity Contest

5 October — Harvest's Creativity Contest saw more than 40 submissions! Believe us, and it wasn't an easy task to pick 20 winners. This week we managed to receive all the addresses from the winners and send out the prizes.

In total, we sent $7900 in FARM prizes to our digital creators 🥳

6. $3M TVL in the $ETH Vault ft. Stakewise

7 October — Our beloved farming strategy ft. Stakewise sees an inflow of farmers, as the vault surpassed $3M in TVL this week. The word about its unique characteristics, mainly the absence of no impermanent loss — keeps spreading out, attracting farmers from all corners of the world.

7. Harvest at Token2049 Event

7 October — Some of you may know this man as Bibi CAT!

Bruce went to the highly anticipated crypto conference — Token2049 — to represent Harvest, get to know prominent people in this space, and introduce them to our platform.

The list of people he got in touch with is pretty long and exciting. We can't wait to share all the nuances with you all!