Dec 29, 2020
Week 18 — See you in 2021! The Year of the Bull 🐃
Dear Humble Farmers,
🎄 We hope you had a great and merry Christmas filled with joy, ♋ 69 and 🌿 420. While 2020 has been a quirky year for many, our farming cooperative is gearing up to provide bountiful yields for 2021, the year of the bull 🐃.
⚙️ As we continue to see the money printer go brrrr, we will do our part to kick off the roaring 20s of crypto by continuing to compound and decentralize our industrial scale cooperative — Harvest will continue to work hard by generating the best yields for its humble farmers.
👪 Since many farmers are busy with spending quality time with their families, we will be keeping this week’s update concise and as digestible as a Christmas Hot Chocolate.
👇 Read on for our Week 18 Updates!
💹 Exchange Expansion
💱 While the holidays are typically a time to slow down, our rate of exchanges listings continue to speed up. This week, we are excited to announce FARM being added to the exchange TokenLon! As we frequently mention, we love our Chinese and Asian farmhands, and TokenLon is a reliable exchange in the region for all farmers to now participate in trading FARM!
👷 Calling all Builders who want to BUIDL!
🏗️ As our cooperative grows, we continue to expand our family of builders and are consistently building more tools and software to make the lives of our farmers easier.
⚒️ If interested in seeing how Harvest prioritizes projects, you can find our developer planning site in Notion here: https://www.notion.so/harvestfinance
🏃 To see what is being built next by our awesome community, check out our Sprint board below. We are currently on Sprint 1: https://www.notion.so/harvestfinance/Sprint-Board-de5d969971484ffaae8ae533645e20e0
✔️ If you want to see the granular tasks for each associated sprint, click on Kanban to see the details of each ticket within Sprint 1 here:
https://www.notion.so/harvestfinance/Kanban-Board-c5a1f2345d3c430ca73d9377564b2073
💡 Have an idea you want to see initiated and built? Go to our backlog to add tasks:
https://www.notion.so/harvestfinance/Backlog-List-dbe07e3afc454f6e84e65308231b011f
💁🏻 Want to become a builder and get access to additional alpha? Join our next sprint planning call, pick up a few tickets, get paid for building cool stuff, and build ties with fellow builders.
📹 Here are the YouTube recordings for dashboard dev sprint planning 0 + 1:
https://www.youtube.com/channel/UCqb0uZSwT1imCFZ__OAN6CA/videos
🎄 Creativity Contest — Round 4
For the past few weeks we have been collecting and showcasing your creativity, and now the deadline has passed for submitting your entries. We have hundreds to sort through with twenty prizes to award! While you wait for the final results, here are some more of the top tier entries we love to highlight!
🎮 Chadventures in Snowland
Looking for some Holiday fun? In this game titled ‘Chadventures in Snowland’, you help Chad harvest as much FARM as possible, while avoiding obstacles and collecting airdrops. A very cool submission created by @tiernan_argent, even had a mini contest and prizes given by the creator. Click here and try to set a new high score!
🎅 Santa Chad
Some say Santa isn’t real, but this video shows not only is Santa amongst us, his generosity and and jolly smile bring love and happiness to children all over the world!
Amazing work by @Sadu0ne truly embracing the holiday spirit.
🎨 Watercolor Warmth
A picture can speak 1000 words, and this original watercolor art by @mahtomanish123 warms the soul showing Chad taking time with the little ones
🏧 Emission Overview
💹 Week 18 Farming Incentives:
1️⃣ In Week 1, 57569.1 $FARM were issued (mint 1, 2, 3).
2️⃣ In Week 2, 51676.2 $FARM were issued.
3️⃣ In Week 3, 26400.2 $FARM were issued (mint, burns 1, 2, 3).
4️⃣ In Week 4, 24997.5 $FARM were issued.
5️⃣ In Week 5, 23555.0 $FARM were issued.
6️⃣ In Week 6, 22507.83 $FARM were issued.
7️⃣ In Week 7, 21507.22 $FARM were issued.
8️⃣ In Week 8, 20,551.42 $FARM were issued.
9️⃣ In Week 9, 19637.46 $FARM were issued.
🔟 In Week 10, 18764.46 $FARM were issued.
In Week 11, 17,930.26 $FARM were issued.
In Week 12, 17,133.15 $FARM were issued.
In Week 13, 16,371.47 $FARM were issued.
In Week 14, 15,643.66 $FARM were issued.
In Week 15, 14,948.20 $FARM were issued.
In Week 16, 14,283.66 $FARM were issued.
In Week 17, 13,648.66 $FARM were issued.
In Week 18, 13041.89 $FARM will be issued.
📉 $FARM emission in week 18 is further reduced by 4.44% from last week’s emission of 13,648.66. This is part of the emissions cut community vote where 99.12% of the votes approved this decreasing emissions plan. After ensuring sufficient emission to bootstrap critical liquidity and incentivize capital providers, additional emission provides diminishing returns to Harvest.
This week:
9083.68 $FARM (70% of week 18) will be distributed to capital and liquidity providers as follows:
🎉 272.5102916 $FARM (2.09% of week 18) to stablecoin deposits into Harvest yield farming:
- 150.9080477 $FARM for USDC pool (1.16% of week 18 total)
- 63.6643326 $FARM for USDT pool (0.49%)
- 55.2431246 $FARM for DAI pool (0.42%)
- 2.6947866 $FARM for TUSD pool (0.02%)
🚀 1843.9863062 $FARM (14.14% of week 18) to Curve deposits into Harvest yield farming:
- 454.1838193 $FARM for YCRV pool (3.48%)
- 281.5939679 $FARM for 3CRV pool (2.16%)
- 363.3470554 $FARM for CRV-USDN pool (2.79%)
- 363.3470554 $FARM for CRV-BUSD pool (2.79%)
- 363.3470554 $FARM for CRV-COMPOUND pool (2.79%)
- 18.1673528 $FARM for CRV-HUSD pool (0.14%)
₿ 767.5706545 $FARM (5.89% of week 18) to BTC deposits into Harvest yield farming:
- 18.1673528 $FARM for renBTC pool (0.14%)
- 90.8367639 $FARM for wBTC pool (.7%)
- 363.3470554 $FARM for Vault_CRV_renwBTC pool (2.79%)
- 181.6735277 $FARM for CRV:TBTC pool (1.39%)
- 113.5459548 $FARM for CRV:HBTC pool (.87%)
🤑 113.5459548 $FARM (.87% of week 18) to WETH deposits into Harvest yield farming
🍣 1589.6433674 $FARM (11.84% of week 18 to SUSHI) deposits into Harvest yield farming
- 272.5102916 $FARM for ETH-DAI pool (2.09%)
- 499.6022012 $FARM for ETH-WBTC pool (3.83%)
- 272.5102916 $FARM for ETH-USDT pool (2.09%)
- 499.6022012 $FARM for ETH-USDC pool (3.83%)
📈 45.41 $FARM (0.35% of week 18) to ETH-DPI UNI stakers into Harvest yield farming
👨🌾 2270.92 $FARM (17.41% of week 18) to $FARM stakers in the profit share.
🚜 272.51 (2.09% of week 18) $FARM to $FARM liquidity providers in the Uniswap USDC/FARM pool
🚜 499.60 (3.83% of week 18) $FARM to $FARM liquidity providers in the Uniswap WETH/FARM pool
🚜 19.56 (0.15% of week 18) $FARM to $FARM liquidity providers in the Uniswap GRAIN/FARM pool
🏦 45.65 (0.35% of week 18) $FARM is set aside for GRAIN buybacks. As part of the community vote, 0.5% of total emissions will be used to support GRAIN and GRAIN initiatives. The GRAIN silo address is: 0x6D0d02Ab03b4409628D147Af1a3de70F49da570e
🏦 1453.39 (11.14% of week 18) $FARM is set aside as a strategic reserve for future usage. It can be used for further incentivization opportunities e.g. market-making GRAIN, for incentivizing LPs, for combining into FARM/X LP positions later, or burning.
🏦 The strategic reserve address is: 0x19762b3b0Fe9b4d4Bd16eFA242CD1f3bCD5fa57C
🌃 The next Great Conjunction
🌠 Similar to the Christmas Star and the Great Conjunction that was seen globally last week, we are beginning a new era for farming and farmers everywhere. The last Great Conjunction most similar to last week occured in 1405 — it symbolized the end of Europe’s Dark Ages and the beginning of the Renaissance. We believe that we are entering a new period of stability and revival for crypto and hope our contributions will play a small part in the Renaissance of money.
🤗 While 2020 came with many surprises, we hope that uniting with other farmers was a silver lining for you and hope that you have found the Harvest community to be a rewarding endeavour. It has given us great joy meeting so many like-minded individuals and cannot wait to see what’s next for the FARM community in 2021.
👋 See you next year!
