Today we're going to be staking FARM on Harvest.Finance, one of the hottest yield farming protocols out right now.
Harvest finds the yield farming opportunities to maximize APYs, while also saving on ETH gas fees. They launched on September 1, 2020, but have already had successful audits performed from PeckShield and Haechi Labs.
To stake on Harvest.Finance, we'll need some FARM tokens, some ETH, as well as METAMASK or another ETH wallet to connect to Harvest.
After navigating to harvest.finance, we can see the main Farm page, but we'll be clicking on Stake to deposit our FARM tokens, then make sure to connect your wallet.
APYs change, but at the time of this writing, Harvest is offering 477.37% on FARM right now, which is insane!
Let's click the button underneath FARM.
Here we can see our options to 'STAKE', or 'UNSTAKE & CLAIM'.
We'll be staking 2 FARM today, so let's select 'STAKE', add in the number of tokens we'd like to deposit, and then click 'Stake'.
Next up, we'll see a notification from MetaMask about the gas fee for the transaction, so let's click 'Confirm'. We'll also see the bottom bar now says 'Processing'
Next we'll get a notification on Harvest that the FARM approval is completed.
After that, we'll approve and pay the smart contract's gas fee by clicking 'Confirm'.
And there we go! We've officially staked 2 FARM on Harvest.Finance and are letting our FARM work for us!
We can now see our FARM already earning auto-compounding interest underneath the 'Your Staked FARM' heading.
That's it! Time to sit back and watch the crops grow!
Definitely check out Harvest.Finance and FARM, as they've made some amazing strides in the DeFi and yield farming space already!
Thanks for reading, and I hope this post helps you on your crypto journey.
