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Harvest is a platform that automatically maximizes yield by farming the highest available yields from the latest DeFi protocols, utilizing advanced farming techniques. FARM serves as the governance token for Harvest, enabling FARM holders to vote on proposals for the operational treasury and receive a 5% fee from Harvest operations.
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What is the description of the coin?
Harvest is a DeFi protocol that automatically farms the highest yield available from the newest DeFi protocols and optimizes the yields using the latest farming techniques. Harvest Finance saves users time and network fees by automatically collecting or 'harvesting' reward tokens on their behalf and exchanging them for more of the underlying assets, compounding the interest earned. FARM is the governance token for Harvest. FARM holders can vote on proposals for the FARM operational treasury and receive a 5% fee from Harvest operations. Holders of $FARM are entitled to a performance fee taken from Harvest's yield farming strategies, which is used to buy $FARM on the open market and distributed to those who stake $FARM in the Profit Sharing Pool. The price of $FARM is subject to consistent buy pressure due to this mechanism. Additionally, when staking, the FARM token is automatically compounded upon every interaction with the Profit Sharing Pool. The value of $FARM comes from the profits generated in the various deployed strategies.
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