[ENG] Week 43 update

Yogafire
5 min readJun 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/1407741353530961921

Week 43 Recap

👉 Proposal on @Bancor is LIVE

👉 Readjusted @Uniswap V3 Vaults

👉 $fCASH ft. @UMAprotocol

👉 Fertile lands on @zapper_fi

👉 Offsetting CO2 emissions

Details 👇

1/ With more than 90% votes in favor, our proposal at @Bancor is still open for new voices

2/ New @Uniswap V3 Vaults with adjusted ranges for $ETH are here

https://twitter.com/harvest_finance/status/1407741500851691526

3/ You can now mint $fCASH by putting your $iFARM as collateral at https://fcash.farmdashboard.xyz

Kudos to @UMAprotocol 🙏

4/ You can now explore our farmlands at @zapper_fi

Visit: https://zapper.fi/farm

5/ Harvest was the first DAO to offset its emissions with the help of @MCO2token

6/ Lastly, let’s take a look at Week 43 Emissions

https://twitter.com/harvest_finance/status/1407741920898686976

(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 43 is further reduced by 4.44% from last week’s emission of 4,378.79. 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:

2,935.17 $FARM (70.15% of week 43) will be distributed to capital and liquidity providers as follows:

🤑 174.85 $FARM (4.18% of week 43) to WETH deposits into Harvest yield farming:

  • 116.57 $FARM for WETH pool
  • 58.28 $FARM for CRV:STETH pool

🎉 87.43 $FARM (2.09% of week 43) to stablecoin deposits into Harvest yield farming:

  • 45.15 $FARM for USDC pool
  • 14.37 $FARM for USDT pool
  • 27.91 $FARM for DAI pool
  • 0 $FARM for TUSD pool

🚀 139.88 $FARM (3.34% of week 43) to Curve deposits into Harvest yield farming:

  • 2.91 $FARM for YCRV pool
  • 29.14 $FARM for 3CRV pool
  • 58.28 $FARM for CRV-USDN pool
  • 13.11 $FARM for CRV-BUSD pool
  • 8.74 $FARM for CRV-COMPOUND pool
  • 7.29 $FARM for CRV-HUSD pool
  • 5.82 $FARM for CRV-EURS pool
  • 1.75 $FARM for CRV-UST pool
  • 1.75 $FARM for CRV-GUSD pool
  • 5.83 $FARM for CRV-USDP pool
  • 5.25 $FARM for CRV-LINK pool
  • 0 $FARM for CRV-AAVE pool

₿ 83.06 $FARM (1.99% of week 43) to BTC deposits into Harvest yield farming:

  • 1.46 $FARM for wBTC pool
  • 0 $FARM for renBTC pool
  • 34.97 $FARM for CRV:renwBTC pool
  • 0 $FARM for CRV:TBTC pool
  • 20.40 $FARM for CRV:HBTC pool
  • 26.23 $FARM for CRV-OBTC pool

🍣 150.67 $FARM (4.23% of week 43) to SUSHI deposits into Harvest yield farming:

  • 34.97 $FARM for ETH-DAI pool
  • 17.49 $FARM for ETH-WBTC pool
  • 58.28 $FARM for ETH-USDT pool
  • 32.06 $FARM for ETH-USDC pool
  • 3.21 $FARM for SUSHI-ETH pool
  • 3.21 $FARM for ETH-UST pool
  • 1.46 $FARM for ETH-PERP pool

📊 13.70 $FARM (0.33% of week 43) to UNI(V2) LP stakers into Harvest yield farming:

  • 8.16 $FARM for ETH-DPI pool
  • 3.79 $FARM for ETH-MVI pool
  • 0 $FARM for COMFI-ETH pool
  • 1.75 $FARM for KXUSD-DAI pool

👴 0 $FARM (0% of week 43) to Seigniorage deposits into Harvest yield farming:

  • 0 $FARM for BAC-DAI pool
  • 0 $FARM for BAS-DAI pool

📈 19.82 $FARM (0.47% of week 43) to MStonks deposits into Harvest yield farming:

  • 3.50 $FARM for mAAPL pool
  • 2.33 $FARM for mAMZN pool
  • 3.50 $FARM for mGOOG pool
  • 3.50 $FARM for mTSLA pool
  • 3.50 $FARM for mNFLX pool
  • 3.50 $FARM for mTWTR pool

🖼 22.15 $FARM (0.53% of week 43) to MUSE deposits into Harvest yield farming

  • 3.50 $FARM for MUSE-ETH pool
  • 3.50 $FARM for DUDES20-ETH pool
  • 2.91 $FARM for MASK20-ETH pool
  • 3.50 $FARM for ROPE20-ETH pool
  • 2.33 $FARM for MCAT20-ETH pool
  • 3.50 $FARM for MEME20-ETH pool
  • 2.91 $FARM for GPUNKS20-ETH pool

🚠 189.43 $FARM (4.53% of week 43) to LIFT deposits into Harvest yield farming

  • 43.71 $FARM for LFBTC-LIFT pool
  • 145.71 $FARM for WBTC-LFBTC pool

🦄 327.85 $FARM (7.84% of week 43) to UNI(V3) LP stakers into Harvest yield farming:

  • 54.65 $FARM for V3-USDC:WETH (ETH Range: 1.4K⟷2.4K)
  • 18.21 $FARM for V3-USDC:WETH (ETH Range: 1.9K⟷3.5K)
  • 29.14 $FARM for V3-USDC:USDT
  • 36.43 $FARM for V3-WBTC:WETH
  • 54.65 $FARM for V3-WETH:USDT (ETH Range: 1.4K⟷2.4K)
  • 18.21 $FARM for V3-WETH:USDT (ETH Range: 1.9K⟷3.5K)
  • 29.14 $FARM for V3-DAI:USDC
  • 43.71 $FARM for V3-DAI:WETH (ETH Range: 1.4K⟷2.4K)
  • 14.57 $FARM for V3-DAI:WETH (ETH Range: 1.9K⟷3.5K)
  • 29.14 $FARM for V3-UNI-WETH
  • 0 $FARM for V3-FCASH:USDC

🧜‍♀️ 22.44 $FARM (0.54% of week 43) to liquidity providers in [BSC] Venus yield farming:

  • 2.04 $FARM for Venus-DAI pool
  • 3.21 $FARM for Venus-USDC pool
  • 2.33 $FARM for Venus-USDT pool
  • 2.33 $FARM for Venus-BUSD pool
  • 2.04 $FARM for Venus-XVS pool
  • 2.04 $FARM for Venus-VAI pool
  • 2.04 $FARM for Venus-BETH pool
  • 2.04 $FARM for Venus-ETH pool
  • 2.04 $FARM for Venus-BTCB pool
  • 2.33 $FARM for Venus-WBNB pool

🚜 10.20 $FARM (0.24% of week 43) to liquidity providers in [BSC] Belt yield farming:

  • 3.50 $FARM for Belt:BNB pool
  • 3.50 $FARM for Belt:ETH pool
  • 3.21 $FARM for Belt:BTCB pool

🥞 34.10 $FARM (0.81% of week 43) to liquidity providers in [BSC] PancakeSwap yield farming:

  • 2.33 $FARM for Pan-BUSD:BNB pool
  • 3.50 $FARM for Pan-Cake pool
  • 2.04 $FARM for Pan-ETH:BNB pool
  • 2.04 $FARM for Pan-USDT:BNB pool
  • 2.62 $FARM for Pan-XVS:BNB pool
  • 2.91 $FARM for Pan-Cake:BNB pool
  • 2.62 $FARM for Pan-Belt:BNB pool
  • 2.91 $FARM for Pan-SPACE:BNB pool
  • 2.62 $FARM for Pan-SPACE:BUSD pool
  • 3.21 $FARM for Pan-EPS:BNB pool
  • 2.04 $FARM for Pan-EPS:FUSDT pool
  • 3.21 $FARM for Pan-EPS:BTC pool
  • 2.04 $FARM for Pan-EPS:3POOL pool

🦆 9.03 $FARM (0.22% of week 43) to liquidity providers in [BSC] Goose yield farming:

  • 4.37 $FARM for Goose-EGG:BNB pool
  • 4.66 $FARM for Goose-EGG:BUSD pool
  • 0 $FARM for Goose-EGG pool

🍣 2.91 $FARM (0.07% of week 43) to [BSC] SUSHI deposits into Harvest yield farming:

  • 2.91 $FARM for Sushi-ICE:BNB pool

👨‍🌾 437.14 $FARM (10.45% of week 43) to $FARM stakers in the profit share.

🚜 29.14 $FARM (0.70% of week 43) to $FARM liquidity providers in the Uniswap WETH/FARM

🌾 20.92 $FARM (0.5% of week 43) to GRAIN:

  • 6.28 $FARM for FARM-GRAIN pool
  • 14.64 $FARM for GRAIN buyback Bot

🏦 1,218.74 (29.13% of week 43) $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)

--

--

Yogafire

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