Friday, November 20, 2020

Harvest Time

 With btc doing so good lately I wanted to get more into crypto.

My buddy has done very well with it so I was talking to him about the latest frontiers.  He mentioned (and helped me setup) Harvest.  He was interviewed in this video and has done alot of work in the industry.

some quotes from him that really got me going:

The token takes 30% of profits generated by asset depositors, so it’s like a ultra high yield dividend
I Make like $125 every 4 days in passive income and it’s compounding




Your base amount grows over time and you also earn FARM tokens
Those tokens can then be deposited to get that 30% share I mentioned earlier
The price dipped sub $100
And it’s rate of return is 150%








Initial Steps:

  1. create an account at coinbase.com
  2. buy some ETH (for network fees, 60$ is fine) and USDC (as much as you want to invest, should be a decent amount, few thousand) - you might need to wait for the funds to clear and become available
  3. Go to MetaMask.io (also install chrome plugin) and create an account (a wallet)
    1. be sure to store your words (12 word seed)!!!!!!!!
      1. Full ownership means if you lost that seed, your funds are lost forever
      2. Store your 12 word seed offline on paper in a safe place
  4. Move all the ETH and USDC to your new wallet created in MetaMask
  5. go to Curve.fi and connect with Metamask
    1. The three bar menu top left, select USDN
    2. Then top middle of the page select deposit
    3. Now it should be prepopulated to deposit all of the USDC you have
    4. If so, just click Deposit.
    5. Do NOT use ‘Deposit & Stake in Gauge’
    6. MetaMask will kick open, just approve all transactions that come up
  6. go to harvest.finance
    1. connect wallet using MetaMask
    2. In the stable coin menu, click that to expand
    3. And CRV:USDN click max so it populates your deposit
    4. Then click deposit and stake at the far bottom
  7. go to harvest dashboard
    1. here is the information about your investment
    2. one you have enough "Claimable" you can reinvest it using the "harvest all" button
    3. Harvesting is the FARM awards you are slowly accumulating... no point in doing it until you have a few farm stacked
  8. to withdraw - go to harvest.finance
    1. so i switch the box at bottom to withdraw
    2. then go to my USDC and click max
    3. then go unstake and withdraw?


As I said I'm very new to this level of crypto so I'm not really sure all the details; Ill do my best to update this as more things become apparent to me.

But its fun telling your wife you spending 8k for farm tokens!!!


good video about yield farming.  it recommends watching this if you dont know what DEFI is

3 comments:

  1. 11/26 bought in for roughly 7500
    as of today
    2/15 my accounts value is at 8,694.08
    so thats 1,194.08 gain in 4 months

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