Harvest

Yield Aggregator

Harvest is a yield management protocol that helps users automatically reinvest rewards to generate higher profits.

Risk Rating
Average
Protocol Code Quality
Protocol Maturity
Protocol Design
Summary
What we like
Harvest allows yield farmers to generate higher earnings by using multiple profitable strategies and through auto-compounding rewards.
What we like less
The team is anonymous and governance functions are controlled by a single admin account.
What it means for you
Harvest offers you a convenient way to maximize yield by automatically deploying deposited funds to the highest yielding investments.
Information
Exploit/Hacks
One
Info
  • Website
  • Token: FARM
  • Tags: Yield Aggregator
Key Metrics
  • TVL: $10.7M (Rank #129)
  • TVL Ranking by Yield Aggregator: #12
  • Blockchain: Ethereum, Polygon, Arbitrum, Binance, Base
  • Chain TVL
    • Ethereum: $9.41M
    • Polygon: $941.07K
    • Arbitrum: $244.82K
    • Binance: $221.62K
    • Base: $74.8K
Risk Assessment
Average
Protocol Code Quality
Protocol Maturity
  • Core protocol launched in 2021; maturity over one year minimizes technical risk as smart contracts are well battle-tested
  • Top 20% by total value locked slightly reduces risk
  • Multisig wallet controls protocol upgrades
  • Multisig consists of less than 4 signers, which makes the protocol more susceptible to centralization risks
  • Timelock is at least 48hrs, which provides users with sufficient time to exit if any malicious upgrades are approved
  • Low voting power concentration reduces risk
Protocol Design
  • No death spiral concerns
  • Robust controls to mitigate oracle price manipulation
  • This protocol is susceptible to risks related to yield optimizers which deploy custom strategies to automatically manage user funds
Things to know about Harvest

How Harvest works

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.

How Harvest makes money

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.

How you make money on Harvest

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.