DeFi Harvest Finance Locked Asset Value Has Reached $700 million

On the decentralized Harvest Finance platform for "profitable farming", which allows you to make profit at other Defi projects, Assets are blocked, Equivalent more than more than $700 million.

According to Defi Pulse, The total dollar value of the Defi Harvest Finance Protocol for a week Grown on 110% - with $334.41 to $704.1 million. Now the project takes seventh place in the Defi Pulse rating at the total cost of blocked assets, Ahead of such popular Defi projects, Like Synthetix, yearn.finance, Renvm и Balancer.

According to the platform website, The total amount of Harvest Finance deposits on Wednesday exceeded $1 billion. The project developers of the project said, that growth was partly associated with the “migration of storage facilities” - users translated their assets from existing pools into newly created, to maximize the profit from assets.

Harvest Finance platform, launched in September, aimed at simplifying the so -called "profitable farm" for small and beginner investors in the Defi sector. It has become more difficult to receive income from "farming" due to the instability of the industry, high commissions for transaction and potential risks of smart contracts.

Harvest Finance takes an audit of the third sides, and 10% protocol tokens are used to support the audit process. According to the analytical company Messari, FARM platform token also grew on 35.72% to $322 from Tuesday to Wednesday, However, he soon decreased again and is now trading in $268.

Recall, that last week Defi Pulse and Gauntlet Networks have created a system for evaluating the risk of insolvency of Defi projects - Economic Safety Grade. The system will help investors better navigate Defi protocols.

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