DeFi income aggregation platform Harvest's locked positions surpassed yearn.finance (YFI)

Rhythm Blockbeats news, the lock-up volume (TVL) of the DeFi aggregation income platform Harvest surpassed yearn.finance (YFI), with a total lock-up volume of 692 million US dollars, ranking eighth, and its total The lock-up volume has been increasing recently.

According to data from CoinGecko, the APY (expected annualized rate of return) of the DeFi aggregate income platform Harvest fluctuates around 20%-40%. The higher rate of return may be the reason for the recent increase in the amount of locked positions one.

According to DeBank, Harvest is an automatic mining platform that pursues high returns. Users can deposit DAI, USDC, USDT , etc. to obtain the corresponding fDAI, fUSDC, fUSDT and other interest-earning tokens as deposit certificates. These interest-bearing tokens can then be deposited to earn FARM tokens, the governance token used to vote on FARM mining proposals. Part of the mining income is allocated to FARM holders, which are used as long-term incentives and interest binding for Harvest users. FARM holders receive a 30% fee from mining revenue.

The latest public audit report is provided by Paidun, Haechi, etc.

As confirmed by DeBank and the Harvest community, the management authority of project-related policies is currently controlled by an external address alone, and attention should be paid associated risks.

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