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Harvest Finance reviews

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Decentralised exchange.

Open source code can be publicly reviewed.

Reviewed by Yunis
14 June 2023 (Updated 25 April 2024)

Harvest Finance Crypto Platform

Harvest Finance is a yield farming protocol founded in 2020 that operates on the Ethereum network. The protocol has also expanded its operations to the Polygon and Arbitrum networks. While the identity of the platform's founders remains anonymous, information about the investors and backers is not readily available. Harvest Finance provides users with tools to utilize their crypto assets in third-party protocols, automating the compounding process and increasing deposit amounts through the sale of farmed rewards.

One notable feature of Harvest Finance is its user interface, which offers a seamless and intuitive experience. The platform allows users to easily navigate and access various functionalities, making it convenient for both experienced and inexperienced investors. Additionally, Harvest Finance offers educational resources, including instructional videos, to guide users through the process of depositing and staking.

The native token of Harvest Finance is called FARM, and it plays a crucial role in the platform's ecosystem. FARM token holders are entitled to a performance fee derived from the yield farming strategies employed by Harvest Finance. The token also provides voting power in governance proposals, although the protocol has transitioned to a consensus-based decision-making approach through contributor proposals and discussions.

Regarding security, Harvest Finance has implemented extensive measures to safeguard user funds. However, it is worth noting that Harvest Finance has experienced a hack despite these security measures and active incentives for users to report security-related issues. In a flash loan attack, hackers were able to steal $34 million from Harvest Finance. The platform has undergone security audits conducted by reputable companies like PeckShield Audit and Haechi Labs to ensure the integrity of the platform. Harvest Finance emphasizes transparency by sharing information about these audits with its customers. The platform is open-source, and its code can be found online.

While Harvest Finance offers a high level of security, it is important to acknowledge that investing in the platform, like any other investment, carries risks. The protocol interacts with multiple contracts, introducing the possibility of risk if any problems arise with these contracts. Users are advised to invest only what they can afford to lose. It is worth mentioning that the Harvest Finance community does not appear to be very active, and their social media groups have limited engagement.

Overall, Harvest Finance provides a valuable solution for yield farmers in the decentralized finance (DeFi) space. It simplifies the process of yield farming by automating the selection of the highest-yielding farming pools and optimizing returns. With its user-friendly interface, secure infrastructure, and commitment to continuous improvement, Harvest Finance is a promising option for those looking to put their crypto assets to work and earn passive income.

Pros

tick $9,407,693 USD currently invested (TVL)
tick Investments in 39 coin pairs available
tick Supports 4 protocols including Aribtrum One, Arbitrum and Ethereum

Cons

cross Limited activity on social media
cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users

Harvest Finance Staking Yields

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Columns
  Product Yield Chain Term Yield Yield Trend TVL TVL Trend
BSWAP-ETH
9,770%
ETH 9,770% APY
BSWAP
Aribtrum One
Instant Access
9,770%
ETH 9,770% APY
BSWAP
$22,555
CVR
587%
CVR 585% APY
Polygon
Instant Access
587%
CVR 585% APY
$42,655
GNOME-ETH
243%
ETH 243% APY
GNOME
Arbitrum
Instant Access
243%
ETH 243% APY
GNOME
$34,205
GNOME-ETH
193%*
GENE 192% APY
ETH 0.48% APY
GNOME
Polygon
Instant Access
193%*
GENE 192% APY
ETH 0.48% APY
GNOME
$146,981
MATIC-USDR
115%
MATIC 112% APY
USDR
Polygon
Instant Access
115%
MATIC 112% APY
USDR
$14,396
ETH-USDR
97%
ETH 92% APY
USDR
Polygon
Instant Access
97%
ETH 92% APY
USDR
$10,419
WUSDR-USDR
80.2%
USDR 76.7% APY
WUSDR
Polygon
Instant Access
80.2%
USDR 76.7% APY
WUSDR
$24,201
USDT-USDR
73.8%
USDT 69.8% APY
USDR
Polygon
Instant Access
73.8%
USDT 69.8% APY
USDR
$21,131
DAI-USDR
73.2%
DAI 71.6% APY
USDR
Polygon
Instant Access
73.2%
DAI 71.6% APY
USDR
$21,855
USDC-USDR
72.7%
USDC 67.7% APY
USDR
Polygon
Instant Access
72.7%
USDC 67.7% APY
USDR
$17,677
MATIC-USDC
43.9%
USDC 43.8% APY
MATIC
Polygon
Instant Access
43.9%
USDC 43.8% APY
MATIC
$15,892
IFARM-ETH
38.5%
ETH 25.5% APY
Arbitrum
Instant Access
38.5%
ETH 25.5% APY
$86,761
ETH-USDBC
34.9%
ETH 34.9% APY
USDBC
Aribtrum One
Instant Access
34.9%
ETH 34.9% APY
USDBC
$40,614
CVX-ETH
27.3%
ETH 27.3% APY
CVX
Ethereum
Instant Access
27.3%
ETH 27.3% APY
CVX
$57,379
GENE-ETH
25.5%*
GNOME 16.7% APY
ETH 8.84% APY
GENE
Polygon
Instant Access
25.5%*
GNOME 16.7% APY
ETH 8.84% APY
GENE
$135,176
CNG-ETH
21.2%
ETH 0.19% APY
CNG
Ethereum
Instant Access
21.2%
ETH 0.19% APY
CNG
$143,084
JEUR-PAR
14.4%*
PAR 14.3% APY
JEUR
JRT 0.09% APY
MIMO
Polygon
Instant Access
14.4%*
PAR 14.3% APY
JEUR
JRT 0.09% APY
MIMO
$189,968
ORC-ETH
13.4%*
ORC 13.2% APY
ETH 0.22% APY
ORC
Ethereum
Instant Access
13.4%*
ORC 13.2% APY
ETH 0.22% APY
ORC
$1,109,699
DAI-USDBC
13%
DAI 13% APY
USDBC
Aribtrum One
Instant Access
13%
DAI 13% APY
USDBC
$125,645
MATIC-ETH
13%
ETH 12.7% APY
MATIC
Polygon
Instant Access
13%
ETH 12.7% APY
MATIC
$10,805
* Rates are tiered according to deposit size. Hover on rate for further details.
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Harvest Finance Supported Currencies

Harvest Finance supports over 20 currencies including Ethereum, Tether USDt, Polygon and Wrapped Bitcoin.

Harvest Finance Key Data

Company
Decentralised tick Yes
Open source tick Yes
Products
Savings accounts tick Yes
Loans tick Yes
Fiat to crypto exchange cross No
Pro exchange marketplace cross No
Futures exchange cross No
Chain agnostic tick Yes
Security
Know your customer cross No
Credit check cross No
Support
24/7 support cross No
Chat support cross No
Investment Strategy
Liquidity pools tick Yes
DeFi products tick Yes

Useful Links

Harvest Finance Contact Details

https://harvest.finance/

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