FARM Token: Powering Automated Yield Farming with Harvest Finance! What is FARM Token?
FARM is the native governance token of Harvest Finance, a DeFi platform launched on September 1, 2020, on the Ethereum blockchain. It automates yield farming by depositing user funds into high-yield DeFi protocols, maximizing returns with minimal effort. FARM holders can vote on governance decisions for the platform’s treasury and earn a share of Harvest’s operational profits. The token is also available on the BNB Chain, enhancing its interoperability.
Key Stats (as of recent data) Price: ~$47.45 (FARM/USD)
Market Cap: ~$31.90M USD
24h Trading Volume: ~$1.46M USD
Circulating Supply: ~672,183.45 FARM
Price Change (24h): -0.93%
Note: Prices are volatile and updated in real-time on Binance.
What Makes Harvest Finance Unique? Automated Yield Farming: Deposit ERC-20 tokens into smart-contract vaults to earn fTokens, representing your share of optimized yield strategies.
Low Barrier to Entry: Simplifies DeFi for users by automating complex yield farming processes.
Multi-Chain Support: Operates on Ethereum and BNB Chain, leveraging Ethereum’s Proof-of-Stake (PoS) consensus since September 2022.
Community Governance: FARM holders influence platform decisions, ensuring a decentralized ecosystem.
How to Use FARM? Governance: Vote on proposals for Harvest’s treasury and operations.
Profit Sharing: Earn a percentage of platform revenue.
Trading: Buy, sell, or swap FARM on Binance or supported DEXs like 1inch using a wallet like Trust Wallet.
#FARM #HarvestFinance #DeFi #YieldFarming #BinanceSquare