[ENG] Week 44 update

Yogafire
6 min readJun 30, 2021

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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/1409965733463867393

Week 44 Recap

👉 $FARM Pool on @Bancor
👉 New Strategy ft. $CRV & $CVR
👉 $fCASH surpasses 250K units
👉 Profits to Farmers back at $3M/mo
👉 In search for quality farmhands
👉 Emissions Update

Details 👇

https://twitter.com/harvest_finance/status/1409965733463867393

1/ After a successful proposal on @Bancor, you can now trade our beloved $FARM token at http://app.bancor.network/eth/swap or provide liquidity alongside Bancor’s impermanent loss insurance at http://app.bancor.network/eth/data/

https://twitter.com/harvest_finance/status/1409965793492844550

2/ We are excited that our latest vault with $CRV & $CVX rewards just surpassed $1M in deposits! 🥖

https://twitter.com/harvest_finance/status/1409965873004220427

3/ Worth mentioning that our synthetic asset $fCASH recently surpassed 250K minted units. A great way for those who want to keep their $iFARM and get some extra cash on hand. 💵

Put your $iFARM to work at http://fcash.farmdashboard.xyz

https://twitter.com/harvest_finance/status/1409965983469613059

4/ Monthly Profits to Farmers are back above $3M/mo. 🥖🥖🥖

Start your own tractor 🚜 today at http://harvest.finance

https://twitter.com/harvest_finance/status/1409966134707855362

5/ Reminder that we are always looking for quality farmhands to help our yields grow faster and healthier. 👇

6/ Lastly, let’s take a look at our newest emissions schedule

https://twitter.com/harvest_finance/status/1409966516909576196

(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 44 is further reduced by 4.44% from last week’s emission of 4,242.41. 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:

2,784.69 $FARM (69.65% of week 44) will be distributed to capital and liquidity providers as follows(excluding emissions toward GRAIN):

🤑 167.08 $FARM (4.18% of week 44) to WETH deposits into Harvest yield farming:

  • 111.39 $FARM for WETH pool
  • 55.69 $FARM for CRV:STETH pool

🎉 72.40 $FARM (1.81% of week 44) to stablecoin deposits into Harvest yield farming:

  • 33.68 $FARM for USDC pool
  • 11.79 $FARM for USDT pool
  • 26.94 $FARM for DAI pool
  • 0 $FARM for TUSD pool

🚀 164.30 $FARM (4.11% of week 44) to Curve deposits into Harvest yield farming:

  • 2.23 $FARM for YCRV pool
  • 27.85 $FARM for 3CRV pool
  • 47.34 $FARM for CRV-USDN pool
  • 11.42 $FARM for CRV-BUSD pool
  • 7.80 $FARM for CRV-COMPOUND pool
  • 6.96 $FARM for CRV-HUSD pool
  • 5.57 $FARM for CRV-EURS pool
  • 1.95 $FARM for CRV-UST pool
  • 1.67 $FARM for CRV-GUSD pool
  • 4.73 $FARM for CRV-USDP pool
  • 41.77 $FARM for CRV-TRICRYPTO pool
  • 5.01 $FARM for CRV-LINK pool
  • 0 $FARM for CRV-AAVE pool

₿ 79.36 $FARM (1.99% of week 44) to BTC deposits into Harvest yield farming:

  • 1.39 $FARM for wBTC pool
  • 0 $FARM for renBTC pool
  • 33.42 $FARM for CRV:renwBTC pool
  • 0 $FARM for CRV:TBTC pool
  • 19.49 $FARM for CRV:HBTC pool
  • 25.06 $FARM for CRV-OBTC pool

🍣 150.37 $FARM (3.76% of week 44) to SUSHI deposits into Harvest yield farming:

  • 34.80 $FARM for ETH-DAI pool
  • 17.54 $FARM for ETH-WBTC pool
  • 58.48 $FARM for ETH-USDT pool
  • 31.47 $FARM for ETH-USDC pool
  • 3.06 $FARM for SUSHI-ETH pool
  • 3.06 $FARM for ETH-UST pool
  • 1.95 $FARM for ETH-PERP pool

📊 13.09 $FARM (0.33% of week 44) to UNI(V2) LP stakers into Harvest yield farming:

  • 7.80 $FARM for ETH-DPI pool
  • 3.62 $FARM for ETH-MVI pool
  • 0 $FARM for COMFI-ETH pool
  • 1.67 $FARM for KXUSD-DAI pool

👴 0 $FARM (0% of week 44) to Seigniorage deposits into Harvest yield farming:

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

📈 18.94 $FARM (0.47% of week 44) to MStonks deposits into Harvest yield farming:

  • 3.34 $FARM for mAAPL pool
  • 1.95 $FARM for mAMZN pool
  • 3.34 $FARM for mGOOG pool
  • 3.34 $FARM for mTSLA pool
  • 3.34 $FARM for mNFLX pool
  • 3.62 $FARM for mTWTR pool

🖼 20.89 $FARM (0.52% of week 44) to MUSE deposits into Harvest yield farming

  • 3.34 $FARM for MUSE-ETH pool
  • 3.34 $FARM for DUDES20-ETH pool
  • 2.78 $FARM for MASK20-ETH pool
  • 3.34 $FARM for ROPE20-ETH pool
  • 1.95 $FARM for MCAT20-ETH pool
  • 3.34 $FARM for MEME20-ETH pool
  • 2.78 $FARM for GPUNKS20-ETH pool

🚠 125.31 $FARM (3.13% of week 44) to LIFT deposits into Harvest yield farming

  • 41.77 $FARM for LFBTC-LIFT pool
  • 83.54 $FARM for WBTC-LFBTC pool

🦄 208.85 $FARM (5.22% of week 44) to UNI(V3) LP stakers into Harvest yield farming:

  • 13.92 $FARM for V3-USDC:WETH (ETH Range: 1.9K⟷3.5K)
  • 27.85 $FARM for V3-USDC:WETH (ETH Range: 1.4K⟷2.4K)
  • 20.89 $FARM for V3-USDC:USDT
  • 27.85 $FARM for V3-WBTC:WETH
  • 13.92 $FARM for V3-WETH:USDT (ETH Range: 1.9K⟷3.5K)
  • 27.85 $FARM for V3-WETH:USDT (ETH Range: 1.4K⟷2.4K)
  • 20.89 $FARM for V3-DAI:USDC
  • 13.92 $FARM for V3-DAI:WETH (ETH Range: 1.9K⟷3.5K)
  • 27.85 $FARM for V3-DAI:WETH (ETH Range: 1.4K⟷2.4K)
  • 13.92 $FARM for V3-UNI-WETH
  • 0 $FARM for V3-FCASH:USDC

🧜‍♀️ 21.44 $FARM (0.54% of week 44) to liquidity providers in [BSC] Venus yield farming:

  • 1.95 $FARM for Venus-DAI pool
  • 3.06 $FARM for Venus-USDC pool
  • 2.23 $FARM for Venus-USDT pool
  • 2.23 $FARM for Venus-BUSD pool
  • 1.95 $FARM for Venus-XVS pool
  • 1.95 $FARM for Venus-VAI pool
  • 1.95 $FARM for Venus-BETH pool
  • 1.95 $FARM for Venus-ETH pool
  • 1.95 $FARM for Venus-BTCB pool
  • 2.23 $FARM for Venus-WBNB pool

🚜 9.75 $FARM (0.24% of week 44) to liquidity providers in [BSC] Belt yield farming:

  • 3.34 $FARM for Belt:BNB pool
  • 3.34 $FARM for Belt:ETH pool
  • 3.06 $FARM for Belt:BTCB pool

🥞 32.58 $FARM (0.81% of week 44) to liquidity providers in [BSC] PancakeSwap yield farming:

  • 2.23 $FARM for Pan-BUSD:BNB pool
  • 3.34 $FARM for Pan-Cake pool
  • 1.95 $FARM for Pan-ETH:BNB pool
  • 1.95 $FARM for Pan-USDT:BNB pool
  • 2.51 $FARM for Pan-XVS:BNB pool
  • 2.78 $FARM for Pan-Cake:BNB pool
  • 2.51 $FARM for Pan-Belt:BNB pool
  • 2.78 $FARM for Pan-SPACE:BNB pool
  • 2.51 $FARM for Pan-SPACE:BUSD pool
  • 3.06 $FARM for Pan-EPS:BNB pool
  • 1.95 $FARM for Pan-EPS:FUSDT pool
  • 3.06 $FARM for Pan-EPS:BTC pool
  • 1.95 $FARM for Pan-EPS:3POOL pool

🦆 8.63 $FARM (0.22% of week 44) to liquidity providers in [BSC] Goose yield farming:

  • 4.18 $FARM for Goose-EGG:BNB pool
  • 4.46 $FARM for Goose-EGG:BUSD pool
  • 0 $FARM for Goose-EGG pool

🍣 2.78 $FARM (0.07% of week 44) to [BSC] SUSHI deposits into Harvest yield farming:

  • 2.78 $FARM for Sushi-ICE:BNB pool

👨‍🌾 417.70 $FARM (10.45% of week 44) to $FARM stakers in the profit share.

🚜 27.85 $FARM (0.70% of week 44) to $FARM liquidity providers in the Uniswap WETH/FARM

🌾 19.99 $FARM (0.5% of week 44) to GRAIN:

  • 6.00 $FARM for FARM-GRAIN pool
  • 13.99 $FARM for GRAIN buyback Bot

🏦 1,243.36 (31.10% of week 44) $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
Yogafire

Written by Yogafire

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

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