Harvest Finance
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Harvest Finance

Sushiswap <> Harvest Vesting Proposal

Hey all! This is a Bread, a food-based developer of the Harvest collective.

Harvest was the first yield aggregator to support Sushiswap, and have accumulated 2/3rds of vesting Sushi that will start to be released at the end of April, for another 6 months or so. Our contracts are proxied, and we’ve prepared a strategy update that will allow us to claim the Sushi from the Merkle distributor and then hold the entirety of the claimed SUSHI with a 1 year lockup and 2 year vesting (on top of the previous 6 month vesting) and we’d like to run this idea by the Sushiswap community and stakeholders.

Starting around October 11th, 2020, Harvest has been contributing weekly FARM rewards to drive users to the Sushi pools, totalling in the millions in aggregate. The FARM rewards made it more attractive for people to farm sushi, by resolving the uncertainty around the 2/3rds of unvested SUSHI.

We provided an easy to use interface to access Sushiswap, helped to alleviate network congestion by batching thousands of transactions, and make participation economical for smaller asset holders. Harvest brought hundreds of millions of dollars in liquidity to Sushiswap in the early days, paying millions in Harvest FARM incentives to depositors to boost their profitability in exchange for taking on the risk of uncertainty about the 2/3rds SUSHI vesting process, when things at Sushiswap were in flux and not as stable as they are today.

My proposal to the Sushiswap community is to use this vesting opportunity to align incentives for the long term. In the past month, Harvest has been preparing and deploying a series of new contracts to demonstrate a commitment to collaborating with Sushiswap.

Our proposal if we were to receive the 2/3rds of vested tokens, as originally understood:

In addition, Harvest proposes to:

These are big changes to Harvest that would happen if we were to completely move over to Sushiswap in this strategic alignment, and we’d like to get feedback from the Sushiswap community and community leaders.

We’re interested in working on something that can be mutually beneficial in the longterm (3 years is a very long time in DeFi), so we’d be making a very large commitment to the future of Sushiswap.

Let us know what you think of this proposal. We have strong communities and we’re excited to find more ways to work together.





Your hard work is about to become easier with Harvest 🚜 It ain’t much, but it’s honest work.

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Harvest Finance

Harvest automatically farms the highest yield available from the latest DeFi protocols.