The website refers to that total as being over four years. It currently has a circulating supply of 877,230 tokens but a total supply of only 690,420 tokens. It’s also interesting - if I’m understanding this correctly - from the perspective of supply. The remaining 30% become FARM-USD tokens to reward those who staked in the first place among other things. In that case, 70% of the yields are returned into the pool of deposits. There are more than 100 from which it seeks yields. Harvest Finance automates the process of yield farming on what it refers to as farms. It’s also expensive because it is subject to high gas fees. Manual yield farming is tedious because you have to identify the best place to stake your crypto. Fortunately, advancements in technology have made the process of planting and harvesting crops much more efficient and profitable. I’m not talking about planting actual crops, but rather yield farming. Investors who put their capital behind Harvest Finance are doing so partially because it automates yield farming. So, what is the actual benefit of Harvest Finance other than potential rapid appreciation? Automation is Key Locking up crypto is referred to as “staking.” Here’s the truly interesting thing about staking: Just like you lend money to a bank in order for a nominal return, the same can be done with crypto. The 7 Best Blue-Chip Stocks to Buy for 2022 In order to earn yields on your crypto you have to do exactly what you would with your money: Lock it up and entrust it to others. If that sounds a bit like lending money to make money, it should. When farmers deposit, Harvest automatically farms the highest yields with these deposits using the latest farming techniques.” Per its website, “Harvest is an international cooperative of humble farmers pooling resources together in order to earn decentralized finance (DeFi) yields. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Yield Farming With Harvest Finance So, that aside, let’s get back into what it actually is. I cannot find any definitive explanation as to why that happened, but it did. It spiked from around $100 to hitting $250 briefly in the span of a day. The answer to that is that Harvest Finance spiked massively back on Dec. I’ll get to that in a moment, but first it’s also important to understand why the token ranked #453 overall is even on your radar in the first place. Closeup Of Small green Agricultural Toy Tractor loading money coins, Icon Farmer Machinery, Agriculture Business Concept (Harvest Finance)
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |