[ENG] Week 40 update

Yogafire
6 min readJun 2, 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/1399792648601354240

Week 40 — June Harvest Bloom 🌽

Its summer time and things are heating up across the #farmlands. New strategies, a new collaboration and possibly a new UX this month?…

Lets take a look 👀 at this past weeks $FARM happenings:

We made friends with @BeOneFinancial so all farmers can have the power of banking at their finger tips! 🤌

Harvesting your yield 🌾 and bringing it to market 🛒 will never be easier, so stay tuned farmers, more details on this partnership to come!

Lets not stop there with the meeting of minds 🧠 as we are collaborating with @RulerProtocol $RULER and providing $FARM incentives to users

We love talking about yield farming and helping educate new users in #DeFi about everything the space entails. Thank you to @Defi_Summit for hosting us and this awesome upcoming educational event 🙏

And what would a month at Harvest be without a podcast appearance? We are looking forward to chatting #DeFi with @MaxieRyan and multichain ⛓🚜 #yieldfarming with Harvest $ETH $BNB $FARM

The fertile gardens at @BabylonFinance now includes the $FARM power of Harvest Finance. New strategies are formulating, so prepare yourselves for a potential super crop as the synergy begins to grow

Week 40 Emissions

https://twitter.com/harvest_finance/status/1399792660773314564

(Editor Yogafire’s note: Details of weekly emission could be found at the appendix of this post)

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

📉 $FARM emission in week 40 is further reduced by 4.44% from last week’s emission of 5,018.83. 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:

3,340.21 $FARM (70.15% of week 40) will be distributed to capital and liquidity providers as follows:

🤑 168.68 $FARM (3.52% of week 40) to WETH deposits into Harvest yield farming:

  • 143.63 $FARM for WETH pool
  • 25.05 $FARM for CRV:STETH pool

🎉 100.21 $FARM (2.09% of week 40) to stablecoin deposits into Harvest yield farming:

  • 55.80 $FARM for USDC pool
  • 12.55 $FARM for USDT pool
  • 31.85 $FARM for DAI pool
  • 0 $FARM for TUSD pool

🚀 116.91 $FARM (2.44% of week 40) to Curve deposits into Harvest yield farming:

  • 3.34 $FARM for YCRV pool
  • 16.03 $FARM for 3CRV pool
  • 61.79 $FARM for CRV-USDN pool
  • 11.36 $FARM for CRV-BUSD pool
  • 8.68 $FARM for CRV-COMPOUND pool
  • 3.00 $FARM for CRV-HUSD pool
  • 3.00 $FARM for CRV-EURS pool
  • 2.00 $FARM for CRV-UST pool
  • 2.00 $FARM for CRV-GUSD pool
  • 2.00 $FARM for CRV-USDP pool
  • 3.67 $FARM for CRV-LINK pool
  • 0 $FARM for CRV-AAVE pool

₿ 63.13 $FARM (1.32% of week 40) to BTC deposits into Harvest yield farming:

  • 1.67 $FARM for wBTC pool
  • 0 $FARM for renBTC pool
  • 36.74 $FARM for CRV:renwBTC pool
  • 0 $FARM for CRV:TBTC pool
  • 11.02 $FARM for CRV:HBTC pool
  • 13.69 $FARM for CRV-OBTC pool

🎠 0 $FARM (0% of week 40) to 1INCH deposits into Harvest yield farming:

  • 0 $FARM for 1INCH:ETH-DAI pool
  • 0 $FARM for 1INCH:ETH-USDC pool
  • 0 $FARM for 1INCH:ETH-USDT pool
  • 0 $FARM for 1INCH:ETH-WBTC pool
  • 0 $FARM for 1INCH:ETH-1INCH pool
  • 0 $FARM for 1INCH:USDC-1INCH pool
  • 0 $FARM for 1INCH:WBTC-1INCH pool

🍣 133.94 $FARM (2.79% of week 40) to SUSHI deposits into Harvest yield farming:

  • 30.06 $FARM for ETH-DAI pool
  • 13.36 $FARM for ETH-WBTC pool
  • 50.10 $FARM for ETH-USDT pool
  • 28.39 $FARM for ETH-USDC pool
  • 4.01 $FARM for SUSHI-ETH pool
  • 3.67 $FARM for ETH-UST pool
  • 4.34 $FARM for ETH-PERP pool
  • 0 $FARM for WBTC-TBTC pool

🍣 0 $FARM (0% of week 40) to SUSHI HODL deposits into Harvest yield farming:

  • 0 $FARM for ETH-DAI pool
  • 0 $FARM for ETH-WBTC pool
  • 0 $FARM for ETH-USDT pool
  • 0 $FARM for ETH-USDC pool
  • 0 $FARM for SUSHI pool

📊 17.37 $FARM (0.36% of week 40) to UNI LP stakers into Harvest yield farming:

  • 9.35 $FARM for ETH-DPI pool
  • 4.34 $FARM for ETH-MVI pool
  • 0 $FARM for COMFI-ETH pool
  • 3.67 $FARM for KXUSD-DAI pool

👴 7.68 $FARM (0.16% of week 40) to Seigniorage deposits into Harvest yield farming:

  • 0 $FARM for MIC-USDT pool
  • 0 $FARM for MIS-USDT pool
  • 4.01 $FARM for BAC-DAI pool
  • 3.67 $FARM for BAS-DAI pool
  • 0 $FARM for DAI-BSG pool
  • 0 $FARM for DAI-BSGS pool

📈 24.05 $FARM (0.50% of week 40) to MStonks deposits into Harvest yield farming:

  • 4.00 $FARM for mGOOG pool
  • 4.00 $FARM for mAAPL pool
  • 4.00 $FARM for mTSLA pool
  • 4.00 $FARM for mAMZN pool
  • 4.00 $FARM for mNFLX pool
  • 4.00 $FARM for mTWTR pool

🖼 26.05 $FARM (0.54% of week 40) to MUSE deposits into Harvest yield farming

  • 4.00 $FARM for MUSE-ETH pool
  • 4.00 $FARM for DUDES20-ETH pool
  • 3.34 $FARM for MASK20-ETH pool
  • 4.00 $FARM for ROPE20-ETH pool
  • 3.34 $FARM for MCAT20-ETH pool
  • 4.00 $FARM for MEME20-ETH pool
  • 3.34 $FARM for GPUNKS20-ETH pool

🚠 133.61 $FARM (2.79% of week 40) to LIFT deposits into Harvest yield farming

  • 66.80 $FARM for LFBTC-LIFT pool
  • 66.80 $FARM for WBTC-LFBTC pool

🧜‍♀️ 28.39 $FARM (0.59% of week 40) to liquidity providers in [BSC] Venus yield farming:

  • 2.67 $FARM for Venus-DAI pool
  • 4.00 $FARM for Venus-USDC pool
  • 3.00 $FARM for Venus-USDT pool
  • 2.67 $FARM for Venus-BUSD pool
  • 2.67 $FARM for Venus-XVS pool
  • 2.67 $FARM for Venus-VAI pool
  • 2.67 $FARM for Venus-BETH pool
  • 2.67 $FARM for Venus-ETH pool
  • 2.67 $FARM for Venus-BTCB pool
  • 2.67 $FARM for Venus-WBNB pool

🚜 12.02 $FARM (0.25% of week 40) to liquidity providers in [BSC] Belt yield farming:

  • 0 $FARM for Belt-Venus pool
  • 4.00 $FARM for Belt:BNB pool
  • 4.00 $FARM for Belt:ETH pool
  • 4.00 $FARM for Belt:BTCB pool

🥞 41.08 $FARM (0.86% of week 40) to liquidity providers in [BSC] PancakeSwap yield farming:

  • 2.67 $FARM for Pan-BUSD:BNB pool
  • 4.00 $FARM for Pan-Cake pool
  • 2.67 $FARM for Pan-ETH:BNB pool
  • 2.67 $FARM for Pan-USDT:BNB pool
  • 3.00 $FARM for Pan-XVS:BNB pool
  • 3.34 $FARM for Pan-Cake:BNB pool
  • 3.00 $FARM for Pan-Belt:BNB pool
  • 0 $FARM for Pan-SWIRL:BNB pool
  • 3.34 $FARM for Pan-SPACE:BNB pool
  • 3.00 $FARM for Pan-SPACE:BUSD pool
  • 0 $FARM for Pan-ICE:BNB pool
  • 0 $FARM for Pan-Popsicle:BNB pool
  • 3.67 $FARM for Pan-EPS:BNB pool
  • 2.67 $FARM for Pan-EPS:FUSDT pool
  • 4.34 $FARM for Pan-EPS:BTC pool
  • 2.67 $FARM for Pan-EPS:3POOL pool

🦆 10.35 $FARM (0.22% of week 40) to liquidity providers in [BSC] Goose yield farming:

  • 5.01 $FARM for Goose-EGG:BNB pool
  • 5.34 $FARM for Goose-EGG:BUSD pool
  • 0 $FARM for Goose-EGG pool

💵 0 $FARM (0% of week 40) to liquidity providers in [BSC] bDollar yield farming:

  • 0 $FARM for bDollar-BDO:BNB pool
  • 0 $FARM for bDollar-BDO:BUSD pool
  • 0 $FARM for bDollar-SBDO:BUSD pool

🎠 6.35 $FARM (0.13% of week 40) to liquidity providers in [BSC] 1INCH yield farming:

  • 6.35 $FARM for 1INCH-1INCH:BNB pool
  • 0 $FARM for 1INCH-1INCH:RENBTC pool

👨‍🌾 501.03 $FARM (10.45% of week 40) to $FARM stakers in the profit share.

🚜 33.40 $FARM (0.70% of week 40) to $FARM liquidity providers in the Uniswap WETH/FARM

🌾 23.98 $FARM (0.5% of week 40) to GRAIN:

  • 7.19 $FARM for FARM-GRAIN pool
  • 16.79 $FARM for GRAIN buyback Bot

🏦 1.915.95 (39.95% of week 40) $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 (before Mar. 30th)
  • 0xd00fce4966821da1edd1221a02af0afc876365e4 (after Mar. 30th)

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Yogafire

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