Value DeFi x Harvest Finance

Value Prod

Published in

ValueDeFi

3 min readApr 16, 2021

A collaboration to bring $FARM liquidity to Binance Smart Chain!

Motivation:

Harvest and Value DeFi have recently expanded to the Binance Smart Chain (BSC), opening avenues for potential collaborations. Both projects decided to capitalize on the reduced fees and increased liquidity on BSC. While Value DeFi bridged $gvVALUE, Harvest has bridged their $FARM token to BSC via a new token, $bFARM.

Value DeFi and Harvest Finance will combine their resources to bring more $FARM liquidity to BSC and turn $bFARM into a token with high liquidity. Also to mention, this collaboration will facilitate the first bFARM liquidity on BSC; allowing users to freely trade bridged $FARM with high liquidity.

About the vStake Pool:

Stake vBSWAP tokens, to earn bFARM tokens! (+ direct link)

Total Tokens: 80 bFARM weekly
Start block: https://bscscan.com/block/countdown/6660000
Token rewards per block: 0.00039 bFARM

vFarm:

In order to host the bFARM vStake Pool, we will create a bFARM-BNB 70/30 vFarm that will receive 0.3x vBSWAP rewards.

vGovernance:

Providing additional vBSWAP incentive to this bFARM pool will slightly dilute rewards of other pools. Therefore the decision will be made by Value Community via voting.

Vote Here:

https://snapshot.valuedefi.io/#/gvvalue.eth/proposal/QmdvTVFGUhcSE943ERgHz5LraEsiduzfmfW3dzcZwGYqne

Outcome:

If the snapshot vote passes; Harvest and Value DeFi’s users will be able to become liquidity providers for $bFARM at vFarm. In doing so, bFARM will become a highly traded token due to its core role in Harvest’s BSC ecosystem and newly increased liquidity. Harvest’s users will then be able to easily swap bFARM with minimal slippage and earn rewards on their bFarm by becoming liquidity providers. Value DeFi’s platform will receive a high TVL pool with high trading volume, which we believe is a mutually beneficial collaboration.

About Harvest:

Harvest is an international cooperative of humble farmers pooling resources together in order to earn DeFi yields. When farmers deposit, Harvest automatically farms the highest yields with these deposits using the latest farming techniques. Why Harvest? Farming was highly manual and inconvenient for people that had a normal job and didn’t want to keep up with DeFi 24/7. We automate farming by doing regular harvesting of crops on over 30 different farms. Manual farming is very expensive because gas prices are really high. We’ve saved over $27m in gas costs for our users via automation.

About Value DeFi:

The Value DeFi platform is a suite of products that aim to bring fairness, true value, and innovation to Decentralized Finance. Their flagship products include vSwap, an automated market-maker built on Ethereum and Binance Smart Chain that allows anyone to create trading pools with flexible ratio pairs, add liquidity, and earn trading fees, and vSafe, state-of-the-art multi-strategy yield-optimizers that allow unprecedented composability and flexibility of LP assets to maximize returns.