HARVEST Finance helps users maximise the returns on their crypto assets by depositing their tokens in various projects across the DeFi ecosystem.
But will FARM reach $500?
What is Harvest Finance?
The growth of decentralised finance (DeFi) has meant it has become common practice for protocols to give rewards in the form of tokens for ‘staking’ – meaning users commit their crypto assets to support a blockchain network and confirm transactions and in return make interest.
Collecting these rewards is generally referred to as ‘yield farming’ or ‘liquidity mining’.
Harvest Finance was built to act as an intermediary in this process.
It collects tokens from users and stakes them on their behalf, saving them gas fees and improving returns through auto compounding mechanisms.
Harvest Finance automatically collects the reward tokens on behalf of their users and exchanges them for more of the underlying assets that users deposited – compounding the interest they earn.
What is FARM?
FARM is Harvest Finance’s native utility token.
It’s used for a number of things including staking and liquidity mining where users can provide liquidity to liquidity providers on other decentralised exchanges (DEXs) such as SushiSwap and earn rewards as well as a share of the DEX transaction fees.
FARM is also used for governance whereby token holders create and vote on proposals for the future of Harvest Finance.
FARM price prediction 2022, 2023, 2024 and 2025
Wallet Investor predicts FARM will finish 2022 trading at $72.47, 2023 trading at $43.65, 2024 trading at $11.55 and 2025 trading at $8.41.
Meanwhile, Price Prediction predicts FARM will be trading at $161.32 by the end of 2022, $241.19 by the end of 2023, $344.17 by then end of 2024 and $503.83 by the end of 2025.
