[ENG] Week 25 update
This post is a consolidated and/or Translated version of the weekly update of Harvest Finance twitter that could be found in the following link: https://twitter.com/harvest_finance/status/1361770325218852866?s=20
🚜 Week 25 Updates
Week 25 Update Thread is Here!
As we kick off the Year of the 0x, the #VoiceOfThePeople have spoken and iFarm’s launch is a go! The engines are primed for ignition; are you ready to earn AND leverage the highest yields in DeFi?
🌾 Bountiful Binance?
“At Harvest Finance we think this is an opportunity to show that ‘cross chain’ yield farming is not only possible, it will be the next major milestone for the yield farming ecosystem” — @smokatokey Harvest Finance Community Rep
📰 Market(ing) Makers — Part Deux
With the continuous upgrades here at Harvest we need all farmhands available to help spread the good news of fertile fields for all. Make something fun, get sweet $FARM fresh rewards.
🚜 Bigger Bales
More liquidity = more cash flow to depositors, and Harvest is #1 in TVL and cash flow to token holders. But don’t take our word for it:
⚠️ Telegram Scam
PSA: Harvest does NOT host an active Telegram server. We are NOT conducting an airdrop. We have received numerous reports of victims falling for a TG scam that has been reported numerous times. A Harvest admin will NEVER ask for your private keys!
👷♂️ Community Construction
Our community of devs continue to amaze, with updates constantly rolling out to the Dashboard, and the various other 3rd party sites our commune relies on to track the abundance of funds flowing through the protocol.
👀 People are noticing us
📊 Weekly emissions are here. See you next week!
(Editor Yogafire’s note: Details of weekly emission could be found at the appendix of this post)
Disclaimer: Consolidation and translations are prepared by Harvest Finance community members and not by Harvest Finance officially. While any reasonable efforts are made to provide accuracy, some portions may be incorrect. No liability is assumed by Harvest Finance for any errors, omissions, or ambiguities in the consolidation and/or translation provided on this webpage. Any person or entity that relies on consolidated and/or translated content does so at their own risk. Harvest Finance shall not be liable for any losses caused by reliance on the accuracy, reliability, or timeliness of consolidated and/or translated information.
Appendix: Week 25 emission
This appendix is writen by Yogafire, a harvest moderator for people who are curious of weekly emission details.
📉 $FARM emission in week 25 is further reduced by 4.44% from last week’s emission of 9927.6. 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.
6654.6 $FARM (70.15% of week 25) will be distributed to capital and liquidity providers as follows:
🎉 264.27 $FARM (2.79% of week 25) to stablecoin deposits into Harvest yield farming:
- 186.87 $FARM for USDC pool
- 33.81 $FARM for USDT pool
- 43.60 $FARM for DAI pool
- 0 $FARM for TUSD pool
🚀 591.34 $FARM (6.23% of week 25) to Curve deposits into Harvest yield farming:
- 79.29 $FARM for YCRV pool
- 85.89 $FARM for 3CRV pool
- 231.25 $FARM for CRV-USDN pool
- 99.11 $FARM for CRV-BUSD pool
- 79.29 $FARM for CRV-COMPOUND pool
- 6.6 $FARM for CRV-HUSD pool
- 7.27 $FARM for CRV-EURS pool
- 1.32 $FARM for CRV-UST pool
- 1.32 $FARM for CRV-AAVE pool
₿ 155.27 $FARM (1.64% of week 25) to BTC deposits into Harvest yield farming:
- 0 $FARM for renBTC pool
- 6.61 $FARM for wBTC pool
- 82.59 $FARM for CRV:renwBTC pool
- 0 $FARM for CRV:TBTC pool
- 49.55 $FARM for CRV:HBTC pool
- 16.52 $FARM for CRV-OBTC pool
🤑 148.66 $FARM (1.57% of week 25) to WETH deposits into Harvest yield farming:
- 99.11 $FARM for WETH pool
- 49.55 $FARM for CRV:STETH pool
🍣 257.68 $FARM (2.72% of week 25) to SUSHI deposits into Harvest yield farming:
- 59.46 $FARM for ETH-DAI pool
- 26.43 $FARM for ETH-WBTC pool
- 99.11 $FARM for ETH-USDT pool
- 59.46 $FARM for ETH-USDC pool
- 13.21 $FARM for SUSHI-ETH pool
🎠 479.02 $FARM (5.05% of week 25) to 1INCH deposits into Harvest yield farming:
- 115.63 $FARM for 1INCH:ETH-DAI pool
- 115.63 $FARM for 1INCH:ETH-USDC pool
- 115.63 $FARM for 1INCH:ETH-USDT pool
- 132.14 $FARM for 1INCH:ETH-WBTC pool
📊19.82 $FARM (0.21% of week 25) to ETH-DPI UNI stakers into Harvest yield farming
👴 165.18 $FARM (1.74% of week 25) to Seigniorage deposits into Harvest yield farming
- 66.07 $FARM for MIC-USDT pool
- 26.43 $FARM for MIS-USDT pool
- 52.86 $FARM for BAC-DAI pool
- 19.82 $FARM for MAS-DAI pool
- 0 $FARM for DAI-BSG pool
- 0 $FARM for DAI-BSGS pool
📈 52.86 $FARM (0.56% of week 25) to MStonks deposits into Harvest yield farming
- 13.21 $FARM for mGOOG pool
- 13.21 $FARM for mAAPL pool
- 13.21 $FARM for mTSLA pool
- 13.21 $FARM for mAMZN pool
👨🌾 991.08 $FARM (10.45% of week 25) to $FARM stakers in the profit share.
🚜 66.07 $FARM (0.70% of week 25) to $FARM liquidity providers in the Uniswap WETH/FARM
🌾 47.43 $FARM (0.5% of week 25) to GRAIN
- 14.23 $FARM for FARM-GRAIN pool
- 33.2 $FARM for GRAIN buyback Bot
🏦 3415.91 (36.01% of week 25) $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