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When it comes to Harvest there have been some instances where I have pulled a huge W and others where I ended up taking an L but 99% of the time that was due to the crazy stupid gas fees. The biggest issue I have had are farms going inactive right as soon as I make a profit and thus to move my assets out would put me back into the red. Due to that I typically leave my assets in the inactive farms because it just isn't worth it to move them.
Finally, that strategy has paid off! Now I have to say it is not necessary for the best reasons as the only way that this one would become active was if Etherum got hit hard but that happened. I asked on the Harvest Finance Discord yesterday what would go on with the farms that are now in range. Particularly the 1.9K to 3.5K ETH farms DAI-ETH, USDC-ETH, and ETH-USDT that were located on Uniswap V3 as they were now back in range. I finally got confirmation for what I expected and that is that these farms WILL BE ACTIVATED again this week! Now I would expect this to be done after the emission cut which occurs tomorrow afternoon but this is great for people like me who left our liquidity in the farm.
One thing I was worried about but was told is not going to be an issue was that I would have to unstake and restake in the farm and that is not the case! For that I have to say THANK YOU HARVEST for again saving me gas fees! Speaking of gas fees this morning Harvest crossed a huge milestone! They have now saved their humble farmers OVER $200,000,000 USD on gas fees! That is absolutely insane and goes to show how their yield agitation is a cut above the rest! While the FARM token has its ups and downs the platform and what its goal is continues to be accomplished and that is what is most important!
With this crypto pullback, my assets on Harvest still continue to earn impressive yields. I was a little worried about how my DAI stablecoin yield would respond to this but it has continued to hold steady with a 6.70% APY and that is with FARM only accounting for 0.36% of it! A 6.34% APY for stablecoins is nothing to shake your head at especially with this volatility! Goes to show me that Harvest is a premium DeFi application that I recommend to both family and friends involved in crypto!
Please know I am not a financial advisor I am just someone who picked up on a trend and wanted to express it! Makes sure you always do your own research and never invest money you cannot afford to lose! If you enjoyed this article and would like to further support me below are a couple of referral links that if you used when signing up I would appreciate it! Also, follow me on Twitter @Cje95_
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