New FOX Vault by Harvest

Published on: 22.07.2021
New FOX Vault by Harvest

Harvest adds Vault for ShapeShift $FOX — $WETH Pool on Uniswap V2.

Thrilled by the recent Shapeshift announcement to decentralize their entity, they decided to support their mission by adding a vault that includes the $FOX token.

Starting today, farmers get to enjoy a new vault that leverages the following Uniswap V2 Pool: $FOX — $WETH

The details of the FOX Vault:

  • Earning trading fees
  • Auto-harvesting $FOX*
  • $iFARM Rewards

*Given the high amount of FOX rewards coming to the Uniswap pool, the vault will be in a full buyback mode. In other words, to protect users from high inflation of the reward token, all rewards will be currently claimable in the $iFARM token.

FOX Vault behind the curtains:

  1. Receives $FOX rewards
  2. Sells $FOX to buy $iFARM
  3. Distributes $iFARM

What to expect from participating in FOX Vault

  • Earn your share of the $10M+ in $FOX distributed over the next 3 months
  • All rewards are claimable as iFARM to protect you from FOX inflation

Harvest will carefully watch how the situation around the novel $FOX token develops and explore more opportunities if such arise.

What is Harvest?

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/new-fox-vault-b909be340b70

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