Harvest Finance Price

Harvest is described to automatically farm the highest yield available from the newest DeFi protocols and optimizes the yields that are received using the latest farming techniques. On a regular basis, Harvest Finance automatically collects or 'harvests' the reward tokens on behalf of users and exchanges them for more of the underlying assets that users deposited, thereby compounding the interest they earn. This saves users both time and the network fees associated with making multiple transactions. FARM is the governance token for Harvest. It is claimed that FARM holders can vote on proposals for the FARM operational treasury and receive the 5% fee from Harvest operations. A key innovation of the $FARM token is that it entitles holders to a performance fee (currently 30% ETH and 8% on BSC & Polygon) taken from Harvest's yield farming strategies. While each strategy may farm different assets, the performance fee is used to buy $FARM on the open market, which is then distributed to those who stake $FARM in the Profit Sharing Pool. The price of $FARM is subject to consistent buy pressure as a result. Moreover, when staking, FARM token is automatically compounded upon every interaction with the Profit Sharing Pool. Directly speaking, the value of $FARM comes from the profits generated in the various deployed strategies.