[ENG] Week 41 update

Yogafire
5 min readJun 10, 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/1402620595376775172

Week 41 — Unicorn Power 🦄

The surprise of the week was the appearance of @Uniswap v3 strategies, where users can single asset deposit into these two asset LP vaults! With Harvest, your $UNI LP fees are automatically claimed and compounded w/ $FARM sprinkled in

https://twitter.com/harvest_finance/status/1402620595376775172

Two Media Mentions 📰 👀

Last week University College London ran an article about #yieldfarming which included Harvest, Idle, Pickle Finance

Which was followed by an educational piece about #yieldfarming aggregators by one of our community managers “Red” @smokatokey 👨‍🌾

And even though it’s summer there is still plenty of $SNOW to be found as @snow_swap and Harvest are friends through every season. Swap your Harvest fAssets with ease and earn some $SNOW rewards for staking

Money Lego 🏗 Tip:

If you staked $FARM for iFARM, you can now use Ruler Protocol to leverage your iFARM and earn $RULER rewards. Use that borrowed $DAI for potentially even more earning power!

Week 41 Emissions

https://twitter.com/harvest_finance/status/1402620604503658496

(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 41 is further reduced by 4.44% from last week’s emission of 4,795.71. 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:

3,191.71 $FARM (70.15% of week 41) will be distributed to capital and liquidity providers as follows:

🤑 161.18 $FARM (3.52% of week 41) to WETH deposits into Harvest yield farming:

  • 137.24 $FARM for WETH pool
  • 23.94 $FARM for CRV:STETH pool

🎉 95.75 $FARM (2.09% of week 41) to stablecoin deposits into Harvest yield farming:

  • 51.99 $FARM for USDC pool
  • 13.43 $FARM for USDT pool
  • 30.33 $FARM for DAI pool
  • 0 $FARM for TUSD pool

🚀 102.45 $FARM (2.24% of week 41) to Curve deposits into Harvest yield farming:

  • 2.23 $FARM for YCRV pool
  • 15.32 $FARM for 3CRV pool
  • 52.66 $FARM for CRV-USDN pool
  • 9.89 $FARM for CRV-BUSD pool
  • 7.66 $FARM for CRV-COMPOUND pool
  • 2.87 $FARM for CRV-HUSD pool
  • 2.87 $FARM for CRV-EURS pool
  • 1.92 $FARM for CRV-UST pool
  • 1.92 $FARM for CRV-GUSD pool
  • 1.92 $FARM for CRV-USDP pool
  • 3.19 $FARM for CRV-LINK pool
  • 0 $FARM for CRV-AAVE pool

₿ 60.32 $FARM (1.32% of week 41) to BTC deposits into Harvest yield farming:

  • 1.60 $FARM for wBTC pool
  • 0 $FARM for renBTC pool
  • 35.11 $FARM for CRV:renwBTC pool
  • 0 $FARM for CRV:TBTC pool
  • 10.53 $FARM for CRV:HBTC pool
  • 13.09 $FARM for CRV-OBTC pool

🍣 127.03 $FARM (2.77% of week 41) to SUSHI deposits into Harvest yield farming:

  • 28.73 $FARM for ETH-DAI pool
  • 12.77 $FARM for ETH-WBTC pool
  • 47.88 $FARM for ETH-USDT pool
  • 27.13 $FARM for ETH-USDC pool
  • 3.83 $FARM for SUSHI-ETH pool
  • 3.51 $FARM for ETH-UST pool
  • 3.19 $FARM for ETH-PERP pool

📊 15.96 $FARM (0.35% of week 41) to UNI(V2) LP stakers into Harvest yield farming:

  • 8.94 $FARM for ETH-DPI pool
  • 4.15 $FARM for ETH-MVI pool
  • 0 $FARM for COMFI-ETH pool
  • 2.87 $FARM for KXUSD-DAI pool

👴 7.34 $FARM (0.16% of week 41) to Seigniorage deposits into Harvest yield farming:

  • 0 $FARM for MIC-USDT pool
  • 0 $FARM for MIS-USDT pool
  • 3.83 $FARM for BAC-DAI pool
  • 3.51 $FARM for BAS-DAI pool

📈 22.98 $FARM (0.50% of week 41) to MStonks deposits into Harvest yield farming:

  • 3.83 $FARM for mGOOG pool
  • 3.83 $FARM for mAAPL pool
  • 3.83 $FARM for mTSLA pool
  • 3.83 $FARM for mAMZN pool
  • 3.83 $FARM for mNFLX pool
  • 3.83 $FARM for mTWTR pool

🖼 24.58 $FARM (0.54% of week 41) to MUSE deposits into Harvest yield farming

  • 3.83 $FARM for MUSE-ETH pool
  • 3.83 $FARM for DUDES20-ETH pool
  • 3.19 $FARM for MASK20-ETH pool
  • 3.83 $FARM for ROPE20-ETH pool
  • 2.87 $FARM for MCAT20-ETH pool
  • 3.83 $FARM for MEME20-ETH pool
  • 3.19 $FARM for GPUNKS20-ETH pool

🚠 127.67 $FARM (2.79% of week 41) to LIFT deposits into Harvest yield farming

  • 63.83 $FARM for LFBTC-LIFT pool
  • 63.83 $FARM for WBTC-LFBTC pool

🦄 223.42 $FARM (4.88% of week 41) to UNI(V3) LP stakers into Harvest yield farming:

  • 31.92 $FARM for V3-USDC:WETH
  • 31.92 $FARM for V3-USDC:USDT
  • 31.92 $FARM for V3-WBTC:WETH
  • 31.92 $FARM for V3-WETH:USDT
  • 31.92 $FARM for V3-DAI:USDC
  • 31.92 $FARM for V3-DAI:WETH
  • 31.92 $FARM for V3-UNI-WETH

🧜‍♀️ 28.39 $FARM (0.54% of week 41) to liquidity providers in [BSC] Venus yield farming:

  • 2.23 $FARM for Venus-DAI pool
  • 3.51 $FARM for Venus-USDC pool
  • 2.55 $FARM for Venus-USDT pool
  • 2.55 $FARM for Venus-BUSD pool
  • 2.23 $FARM for Venus-XVS pool
  • 2.23 $FARM for Venus-VAI pool
  • 2.23 $FARM for Venus-BETH pool
  • 2.23 $FARM for Venus-ETH pool
  • 2.23 $FARM for Venus-BTCB pool
  • 2.23 $FARM for Venus-WBNB pool

🚜 11.17 $FARM (0.24% of week 41) to liquidity providers in [BSC] Belt yield farming:

  • 0 $FARM for Belt-Venus pool
  • 3.83 $FARM for Belt:BNB pool
  • 3.83 $FARM for Belt:ETH pool
  • 3.83 $FARM for Belt:BTCB pool

🥞 37.34 $FARM (0.81% of week 41) to liquidity providers in [BSC] PancakeSwap yield farming:

  • 2.55 $FARM for Pan-BUSD:BNB pool
  • 3.83 $FARM for Pan-Cake pool
  • 2.23 $FARM for Pan-ETH:BNB pool
  • 2.23 $FARM for Pan-USDT:BNB pool
  • 2.87 $FARM for Pan-XVS:BNB pool
  • 3.19 $FARM for Pan-Cake:BNB pool
  • 2.87 $FARM for Pan-Belt:BNB pool
  • 3.19 $FARM for Pan-SPACE:BNB pool
  • 2.87 $FARM for Pan-SPACE:BUSD pool
  • 3.51 $FARM for Pan-EPS:BNB pool
  • 2.23 $FARM for Pan-EPS:FUSDT pool
  • 3.51 $FARM for Pan-EPS:BTC pool
  • 2.23 $FARM for Pan-EPS:3POOL pool

🦆 9.89 $FARM (0.22% of week 41) to liquidity providers in [BSC] Goose yield farming:

  • 4.79 $FARM for Goose-EGG:BNB pool
  • 5.11 $FARM for Goose-EGG:BUSD pool
  • 0 $FARM for Goose-EGG pool

🎠 0 $FARM (0% of week 41) to liquidity providers in [BSC] 1INCH yield farming:

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

👨‍🌾 478.76 $FARM (10.45% of week 41) to $FARM stakers in the profit share.

🚜 31.92 $FARM (0.70% of week 41) to $FARM liquidity providers in the Uniswap WETH/FARM

🌾 22.91 $FARM (0.5% of week 41) to GRAIN:

  • 6.87 $FARM for FARM-GRAIN pool
  • 16.04 $FARM for GRAIN buyback Bot

🏦 1,629.37 (35.56% of week 41) $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