Harvest Finance Forex Yield Farming with Jarvis Network

Harvest Finance is launching 3 synthetic stablecoin vaults for $JEUR $JGBP & $JCHF + $AUR / $USDC with Jarvis Network on Polygon.

The combination of speed, liquidity, and scalability of jFIATs by Jarvis Network allows us to bring you the ‘Forex’ Yield Farming experience.

The 4 auto-compounding vaults on Polygon leverage KyberDMM Pools:

• jEUR — USDC (Add Liquidity Here)
• jGBP — USDC (Add Liquidity Here)
• jCHF — USDC (Add Liquidity Here)
• AUR — USDC (Add Liquidity Here)

🔹Rewards

Harvest and Jarvis join forces with ~$50k of rewards in addition to the AUR rewards to further increase the yield.

• Harvest Finance is adding around $30k of rewards ($400 of iFARM + $800 of MATIC per vault/week) in addition to the AUR rewards.
• The Jarvis treasury is adding around $20k of rewards as well ($3k jEUR, $3k jGBP, and $3k jCHF for respectively jEUR-USDC, jGBP-USDC and jCHF-USDC vault, and 50k JRT for all the vaults)

What’s more, we harvest the AUR-0112 tokens and sell about half of them for USDC, to add liquidity in the AUR-USDC pool. Every vault participant will therefore be rewarded with an fAUR-USDC token, representing a share of the AUD-USDC vault.

About Jarvis Network

Jarvis Network is a set of protocols and applications on EVM-compatible chains to bridge legacy and decentralized finance (DeFi). Its mission is to build an infrastructure layer that anyone can leverage to develop use cases facilitating the adoption of DeFi and build applications to onboard the next billions of users. Its first protocol, Synthereum, pioneers an innovative and capital-efficient manner to issue and exchange synthetic fiat currencies called jFIATs, thanks to a fully on-chain Forex market. jFIATs are stablecoins designed to be usable: they keep their peg, are highly liquid, and are scalable.

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-forex-yield-farming-with-jarvis-network-653bbf48c68e