[ENG] Week 26 update

Yogafire
5 min readFeb 24, 2021

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/1364333908888866817

Week 26 Update! 📅 Mid-year Milestone 🎉

Its been 26 weeks since we launched Harvest Finance and bringing #BreadForThePeople, so for this mighty milestone we have brought you some fresh and scintillating updates:

🚀 All thrusters firing, iFARM has launched!

The savvy farmer noticed some new machinery rolled out early across the farmlands as we tested the newly upgraded tractors, but now its official, iFARM is here and ready for leverage

https://twitter.com/harvest_finance/status/1364334319804760065

🥖 Le pain et le vin sont la vie des agriculteurs

With the fresh risings of iFARM we bring you news of our collaboration with @APWine and their listing of Harvest assets for future yield leverage. The highest yields in #DeFi can now be realized before they even exist.

…Also please join us in Discord #Governance as we finalize and vote on our decision to contribute $50,000 to AP Wines closed seed round, further cementing our partnership towards everlasting yields 🍷

🥖🇫🇷🍷🚨

https://twitter.com/harvest_finance/status/1364334493503528968

📈 Strat Attack — The Spray Must Go On

Global farmland expansion continues as more strategies were added throughout the week including CRV:AAVE, ETH-1INCH, SUSHI-ETH and BASv2. Forty five strats and growing!

https://twitter.com/harvest_finance/status/1364334991237349376

🔬 Safety Matters — NEW AUDIT ALERT 🚨

We now have completed FOUR audits here: https://github.com/harvest-finance/harvest/tree/master/audits… We continue to be vigilant in monitoring the security of the farmlands, and recently we received audit feedback from an industry leader @LeastAuthority.

https://twitter.com/harvest_finance/status/1364335561427853313

👉 Week 26 Emissions below. See you next week! Fin.

https://twitter.com/harvest_finance/status/1364336066858266632

(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.

This appendix is written by Yogafire, a harvest moderator for people who are curious of weekly emission details.

📉 $FARM emission in week 26 is further reduced by 4.44% from last week’s emission of 9486.25. 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:

6313.45 $FARM (70.15% of week 26) will be distributed to capital and liquidity providers as follows:

🎉 252.54 $FARM (2.79% of week 26) to stablecoin deposits into Harvest yield farming:

  • 194.58 $FARM for USDC pool
  • 20.70 $FARM for USDT pool
  • 37.26 $FARM for DAI pool
  • 0 $FARM for TUSD pool

🚀 498.76 $FARM (5.50% of week 26) to Curve deposits into Harvest yield farming:

  • 63.13 $FARM for YCRV pool
  • 69.45 $FARM for 3CRV pool
  • 208.34 $FARM for CRV-USDN pool
  • 82.07 $FARM for CRV-BUSD pool
  • 63.13 $FARM for CRV-COMPOUND pool
  • 6.31 $FARM for CRV-HUSD pool
  • 6.31 $FARM for CRV-EURS pool
  • 0 $FARM for CRV-UST pool
  • 0 $FARM for CRV-AAVE pool

₿ 145.21 $FARM (1.60% of week 26) to BTC deposits into Harvest yield farming:

  • 0 $FARM for renBTC pool
  • 6.31 $FARM for wBTC pool
  • 75.76 $FARM for CRV:renwBTC pool
  • 0 $FARM for CRV:TBTC pool
  • 47.35 $FARM for CRV:HBTC pool
  • 15.78 $FARM for CRV-OBTC pool

🤑 145.05 $FARM (1.57% of week 26) to WETH deposits into Harvest yield farming:

  • 94.70 $FARM for WETH pool
  • 47.35 $FARM for CRV:STETH pool

🍣 246.22 $FARM (2.72% of week 26) to SUSHI deposits into Harvest yield farming:

  • 56.82 $FARM for ETH-DAI pool
  • 25.25 $FARM for ETH-WBTC pool
  • 94.70 $FARM for ETH-USDT pool
  • 56.82 $FARM for ETH-USDC pool
  • 12.63 $FARM for SUSHI-ETH pool

🎠 489.29 $FARM (5.40% of week 26) to 1INCH deposits into Harvest yield farming:

  • 110.49 $FARM for 1INCH:ETH-DAI pool
  • 110.49 $FARM for 1INCH:ETH-USDC pool
  • 110.49 $FARM for 1INCH:ETH-USDT pool
  • 138.89 $FARM for 1INCH:ETH-WBTC pool

📊 18.94 $FARM (0.21% of week 25) to ETH-DPI UNI stakers into Harvest yield farming

👴 157.84 $FARM (1.74% of week 26) to Seigniorage deposits into Harvest yield farming

  • 63.13 $FARM for MIC-USDT pool
  • 25.25 $FARM for MIS-USDT pool
  • 50.51 $FARM for BAC-DAI pool
  • 18.94 $FARM for MAS-DAI pool
  • 0 $FARM for DAI-BSG pool
  • 0 $FARM for DAI-BSGS pool

📈 50.51 $FARM (0.56% of week 26) to MStonks deposits into Harvest yield farming

  • 12.63 $FARM for mGOOG pool
  • 12.63 $FARM for mAAPL pool
  • 12.63 $FARM for mTSLA pool
  • 12.63 $FARM for mAMZN pool

👨‍🌾 947.02 $FARM (10.45% of week 26) to $FARM stakers in the profit share.

🚜 63.13 $FARM (0.70% of week 26) to $FARM liquidity providers in the Uniswap WETH/FARM

🌾 45.32 $FARM (0.5% of week 26) to GRAIN

  • 13.60 $FARM for FARM-GRAIN pool
  • 31.73 $FARM for GRAIN buyback Bot

🏦 3301.93 (36.43% of week 26) $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

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Yogafire

Crypto & DeFi Enthusiast; Moderator for Harvest Finance; 하베스트 파이낸스 커뮤니티매니저