FARM is a token powering Harvest Finance \u2014 an aggregator platform designed to help its users maximize their yield farming profits. Harvest Finance was launched in September 2020.As DeFi space grows, so does the popularity of yield farming \u2014 the way for crypto investors to earn passive income on their funds after locking them into smart contracts. For example, one may become a liquidity provider (LP) by lending their money to a DeFi entity, which pays interest on those deposits.Yield farming can provide handsome rewards, but there are some complications, too: to get the best interest rates and account for losses, yield farmers have to use increasingly elaborate schemes of taking profits, closing out their positions, reinvesting, and so forth. Also, as with all crypto, all transactions have associated fees and gas costs, which are not always feasible for small investors. Harvest Finance solves these issues by:Gathering large pools of currency from its users and investing them in bulk to spread out the costs;Automating the farming process by reselling, compounding, and staking users\u2019 funds.70% of the profits generated by Harvest go back into farming pools to get more yield. Another 20% get distributed as rewards for farmers who staked their FARM tokens into the Rewards pool (also denominated in FARM). The remaining 10% is used to increase the value of iFarm \u2014 Harvest\u2019s yield-bearing token.In October 2020, soon after its launch, Harvest Finance went through a flash loan attack which seriously breached the trust in the project, bringing Harvest\u2019s native token price down more than 3x, to around $100. As the Bitcoin bull run gained momentum in early 2021, however, FARM price managed to recover, hitting upwards of $425 at one point in February. Harvest Finance\u2019s price lost some steam after that, slowly declining to the levels just above $100\u2026<\/p>","protected":false},"excerpt":{"rendered":"
FARM is a token powering Harvest Finance \u2014 an aggregator platform designed to help its users maximize their yield farming profits. Harvest Finance was launched in [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/5138"}],"collection":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/comments?post=5138"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/5138\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/media?parent=5138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/categories?post=5138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/tags?post=5138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}