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

Yield Aggregator

Harvest

Protocol Code Quality

Protocol Maturity

Protocol Design

Risk Rating

Watch Out

* [Documentation](https://harvest-finance.gitbook.io/harvest-finance/) 
 * Auditors 
 	* [CertiK, Haechi, Least Authority and PeckShield](https://github.com/harvest-finance/harvest/tree/master/audits) 
 * Please see our [FAQ on experienced auditors](https://help.exponential.fi/en/articles/6381015-what-are-experienced-auditors)

Exploit/Hacks

orange

* [Website](https://harvest.finance/)  
 * Token: FARM  
 * Tags: Yield Aggregator

Info

* TVL: $15.6M (Rank #117)  
 * TVL Ranking by Yield Aggregator: #9  
 * Blockchain: Ethereum, Polygon, Binance  
 * Chain TVL  
 	* Ethereum: $13.97M  
 	* Polygon: $579.3K  
 	* Binance: $210.52K

Key Metrics

Information


- Code reviewed by several experienced auditors including [CertiK, Haechi, Least Authority and PeckShield](https://github.com/harvest-finance/harvest/tree/master/audits)
- Anonymous team reduces transparency
- One mitigated protocol hack since launch
- Robust controls to mitigate oracle price manipulation

yellow


- Core protocol launched in 2020; maturity over 1.5 years reduces technical risk as smart contracts are sufficiently battle-tested
- Top 20% by total value locked slightly reduces risk
- Governance decentralization is in the roadmap
- Low voting power concentration reduces risk

green

Risk Assessment

Harvest allows yield farmers to generate higher earnings by using multiple profitable strategies and through auto-compounding rewards.

What we like

The team is anonymous and governance functions are controlled by a single admin account.

What we like less

Harvest offers you a convenient way to maximize yield by automatically deploying deposited funds to the highest yielding investments.

What it means for you

Summary

#### 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.