$FARM was launched with a hard-coded maximum supply of 5,000,000 tokens which would be minted over the course of 4 years. Directly speaking, the value of $FARM comes from the profits generated in the various deployed strategies. Moreover, when staking, your FARM token is automatically compounded upon every interaction with the Profit Sharing pool. The price of $FARM is subject to consistent buy pressure as a result. While each strategy may farm different assets, the performance fee is used to buy $FARM on the open market, which is then distributed to those who stake $FARM in the Profit Sharing pool. This is not based judging with their effort for more than two years and this is also to be released not linearly.Ī key innovation of the $FARM token is that it entitles holders to a performance fee (currently 30% ETH and 8% BSC) taken from Harvest's yield farming strategies. 20% of the $Farm token is for the Dev Team. 10% of the $farm token is for marketing. 70% of $FARM token printed weekly are for liquidity providers and also distributed to capital. $FARM was bootstrap launched without any, venture capitalist, or investor funds, with 0 circulating supply at launch. It is a long project with finished product. $FARM was launched on 1st of Sept 2020 and also their twitter account corresponded with when this was launched with much activities on it from time to time like weekly mint of $farms as voted by DAO and its TVL which is presently valued at $50m The website of the $FARM is one with welcomed about their product without anything on hype than only to buy their product which is on farming of different tokens. FARM is a token that is distributed to providers of capital to the pool, providers of liquidity to FARM-crypto trading pairs on decentralized exchanges, and a coin that is continuously bought back. Unlike some other pooled yield farming protocols, Harvest has an added component of the FARM token. The tokenized Bitcoin is being put to work in Curve. Swerve has over $600 million of locked value in its contracts. The stablecoins are currently being put to work in Swerve, a Curve fork that is promising to be more decentralized and “community-owned” than its predecessor. The platform currently supports top stablecoins like DAI, USD Coin, and Tether’s USDT, along with two tokenized Bitcoins and a Curve liquidity provider token for the RenBTC-WBTC pool. Harvest Finance is a DeFi protocol that pools user funds, then uses them in yield farms to achieve the highest returns at low gas costs.
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