Fertilizer With Stakewise.io by Harvest Finance

Harvest Finance introduced Fertilizer with Stakewise.io, a new type of activity by Harvest for humble Farmers.

Fertilizer aims to reward existing and future farmers of a specific vault.

Retroactive airdrop — $1000 in $SWISE between two lucky farmers who participated in the Stakewise vault since its deployment till 16/09/2021 2 PM UTC.

To be won — $1000 in $SWISE between two lucky farmers who put their sETH/ETH to work via Stakewise Vault. In order to be eligible to win the prize, participants need to deploy their funds in the following timeframe:

16/09/2021 2 PM UTC — 20/09/2021 2 PM UTC

💰 Size of the deposit doesn’t matter.

Prizes in $SWISE will be shared among all lucky depositors till 27/09/2021 on-chain directly to the wallets. (No need to claim anything).

StakeWise’s Vault is a Uniswap V3 farm for StakeWise’s sETH2 token (ETH deposited into ETH2) and normal ETH. This pool represents a bridge between staked Ether and normal Ether, used by DeFi participants to enter and exit from ETH2 staking.

Liquidity providers in this pool earn ETH staking rewards on the Vault’s share of sETH2 tokens, trading fees from swap transactions in the pool, and farming rewards paid in $SWISE as well as $iFARM.

The advantage of keeping ETH in this pool is the absence of impermanent loss, because sETH2 is redeemable for ETH from the StakeWise staking Pool upon Phase 2 of Ethereum 2.0 roadmap. Thus, liquidity providers don’t take exposure to fluctuations in prices of any assets other than ETH.

About Harvest Finance

Harvest is an asset management platform that maximizes yield for assets deposited by users. Harvest reduces gas costs and develops cutting-edge strategies to become the stop-shop of yield farming in DeFi.

📰 INFO

https://medium.com/harvest-finance/introducing-fertilizer-with-stakewise-io-946ed0592809

Fertilizer With Stakewise.io by Harvest Finance

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