Buy Harvest Finance (FARM)
What is Harvest Finance?
Harvest Finance is a decentralised finance (DeFi) protocol designed to automate yield farming across selected DeFi platforms. It aims to provide users with potential returns by making yield farming more accessible and optimising potential returns using advanced farming strategies. The platform is built on the Ethereum network and uses smart contracts to facilitate these services. Its native token, FARM, serves governance purposes and rewards depositors .
How does Harvest Finance work?
Harvest Finance operates by automatically directing user deposits into liquidity pools that offer the highest returns. It uses smart contracts known as vaults to hold deposited assets and carry out predefined yield-generating strategies. The platform leverages features like automated yield farming, automated compounding, and multi-chain operations to maximise user returns while minimising manual intervention. These smart contracts are responsible for executing yield farming strategies, adjusting pool parameters based on market conditions, and managing users' funds efficiently .
What are the potential use cases for Harvest Finance?
Harvest Finance offers several potential use cases:
- Yield Farming: Users can engage in automated yield farming without in-depth knowledge or experience, with the protocol managing investments to maximise returns automatically .
- Governance: Holding FARM tokens allows users to participate in governance decisions on protocol changes and profit-sharing mechanisms .
- Community-Driven Finance: With features that enhance accessibility to both novice and experienced users, Harvest Finance provides a platform for collective investment and profit-sharing .
What is the history of Harvest Finance?
Harvest Finance was announced in July 2020 and launched in September 2020. It quickly gained traction, integrating with other DeFi protocols like Yearn.Finance by December 2020 and expanding cross-chain operations to platforms like Polkadot. By January 2021, the protocol had over $1 billion in value locked, making it one of the popular DeFi protocols on Ethereum. Harvest Finance has continued evolving with new vaults, strategies, and cross-chain expansions .
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Frequently Asked Questions (FAQs)
What is the current price of Harvest Finance (FARM)?
The Harvest Finance price is $78.06 AUD, representing a +6.93% from the day prior.
Where is the best place to buy Harvest Finance (FARM) in Australia?
The best place to buy Harvest Finance (FARM) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Harvest Finance (FARM) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Harvest Finance (FARM)?
The trading volume of Harvest Finance (FARM) is $3.8M AUD in the last 24hrs, representing a +6.93% from the day prior.
How can I buy Harvest Finance (FARM)?
Harvest Finance (FARM) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Harvest Finance (FARM)?
The current market cap of Harvest Finance (FARM) is $53.3M AUD.
Can I convert Harvest Finance (FARM) to cash?
Yes - With Coinstash you can convert your Harvest Finance (FARM) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Harvest Finance (FARM) are there?
The current circulating supply of Harvest Finance (FARM) is 672.2K.
Is Coinstash a safe place to buy Harvest Finance (FARM) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Harvest Finance (FARM) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.