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Yesterday I wrote about Harvest's newest partnership with Convex Finance and the hinting that there were more revamps to come (the biggest giveaway was that they said LINK would be revamped yet it was not) and they continue to roll them out! Out of the 16 different active Curve farms that Harvest currently has offered a whopping 11 of them have been revamped with boosted yields! Going through Convex's website they have all of the Curve farms Harvest has to offer so it could just be a matter of time before the last 5 are revamped to include this boost too!
Convex Finance seems to base itself on boosting the rewards one gets from LP pools and it appears to do this by including its own native token on top of what else you own. While I am certain Harvest has a secondary market (it is mentioned on the website but it does not tell you where it is) when you deposit your CRV tokens onto Convex you get cvxCRV in return. While you continue to get the LP fees, airdrops, etc. THIS PROCESS IS ONLY ONE WAY SO IF YOU AS AN INDIVIDUAL DO IT YOU CANNOT GET YOUR CRV BACK EVEN IF YOU UNSTAKE YOUR cvxCRV! Looking into the APY's I believe this is why even with the boost Harvest's are still lower than Convex's outright.
Something, in particular, struck me when looking over these pools and that is that finally some of the farms that used to emit only FARM have changed to iFARM emissions! The two pools that have changed to this are the CRV: LINK and the CRV: USDP farms! Not the biggest progress but this is important as I really feel the future of the native token for the platform must eventually completely transfer to iFARM and ditch the original FARM token.
These are the Curve Bitcoin farms.
Here is the Curve LINK farm.
If you would like to read and see the other Curve farms that have been boosted since yesterday I will attach my post about it yesterday here. The one change between the photos attached there and the revamp now is that the 3CRV farm and the CRV: USDP farms have also been boosted with Convex Finance now. I have tweeted at Harvest since they just announced the revamp to see if they are going to revamp the last 5 farms or not and if I get a response I will be sure to update my post with the news!
