Harvest is a yield management protocol that helps users automatically reinvest rewards to generate higher profits.
Harvest is a yield aggregator that pools user deposits into vaults to reduce gas costs across all vault depositors. The vault then deploys the funds to maximize yield based on specific strategies. Users who deposit into a vault receive fTokens in return that represent their share of the vault.
The protocol earns revenue from weekly token emissions with 10% of FARM tokens vesting to the treasury and 20% vesting to the development team. Harvest charges a 30% performance fee on its vaults. This performance fee is used to buy FARM on the open market and then distributed to its profit sharing pool to users who stake FARM.
You can earn yield by depositing assets to specific vaults to maximize your earnings through auto-compounding of rewards and yield maximization strategies. FARM holders can also stake in the Profit Sharing pool to receive platform revenue sharing. FARM charges a performance fee on all its yield farming strategies, which it uses to buy FARM on the open market and redistribute to FARM stakers.