Exploring asset utilization opportunities has been a priority at Harvest, and the constant endeavors have led to a fruitful collaboration along with Rari Capital. Harvest is thrilled to share the same with the farmers. The efforts have led to introducing a Rari Fuse pool titled “FARMstead” that comes added with a special feature. This entails anyone the entitlement of borrowing stablecoins against depositing $iFARM. A borrowing limit can be created through depositing $iFARM along with Fuse. Stablecoins with enough liquidity can be borrowed according to needs.
The interest-bearing token for $iFARM is another utility that comes added with the collaboration. Additional capital on assets is unlocked for the farmers upon borrowing from the same. This indicates buying more of $FARM leverage or getting the latest tractor (albeit a real one) in hand through purchase.
USDC Incentives
Bootstrapping the liquidity of FARMstead comes with the launch of the incentives for $iFARM for the lenders of USDC. A USDC lender can reap benefits through the incentives for $iFARM by heading over to the section of FARMstead and supply USDC. This will ensure receiving an automatic receipt for the deposit that comes loaded as a token for FARMSteadUSDC right in the individual’s wallet.
The next step directs one to be heading over to harvest.finance, and lookup for FARMstead. This will ensure Harvest detects the FARMSteadUSDC automatically. An extra $iFARM can be enjoyed upon staking the FARMSteadUSDC within the vault, which is above the returns from Rari Fuse for lending. Rari Fuse stops showcasing the supplied USDC on the dashboard once the FARMSteadUSDC is staked at Harvest.
FARMStead Data
Rari Fuse pool has managed a feat in itself after having been accorded the 7th biggest position amongst TVL despite being only a week old. The FARMStead USDC-24 Vault has seen deposits by the farmers to the tune of over 1.3 million dollars in $USDC to reap the additional rewards for $iFARM. The figures for $USDC borrowings have touched over $500,000 and are still counting.