RIDDLΞR (💙,🧡)
RIDDLΞR (💙,🧡)

@RiddlerDeFi

14 تغريدة 4 قراءة Jul 19, 2023
A new farming protocol is coming to #Arbitrum set to change the way of yield farming in the DeFi space
The presale event, $HRVST, will take place on Jul 21st - offers a big opportunity for investors & degens
What's $HRVST & how to participate?
A thread 🧵 @HarvestProtocol
@HarvestProtocol 1️⃣ About @HarvestProtocol
▪️ HarvestFi is a liquidity farm protocol on #Arbitrum that generates revenue from deposited assets using dynamic strategies.
▪️ The innovation part of Harvest is that sets a dynamic HRVST token price through the Incinerator contract.
@HarvestProtocol ▪️ This contract burns tokens, pays users the established price, and incentivizes holding or burning tokens for rewards.
▪️ The contract's price is based on funds and market rates, often exceeding market rates by 10% or more. It is powered by HarvestFi's revenue.
@HarvestProtocol 2️⃣ $HRVST token
▪️ $HRVST is the governance and utility token of Harvest Protocol.
▪️ It is deployed on the #Arbitrum network with a maximum supply of 10M $HRVST tokens.
@HarvestProtocol 📌 Token distribution
▪️ 60% -> Emissions for farms, vaults and future products.
▪️ 20% -> Treasury, most of it will be locked for the same 69 weeks as the team tokens. A small portion will be allocated for initial LP
@HarvestProtocol ▪️ 10% -> Team tokens, locked for 69 weeks.
▪️ 5% -> Presale.
▪️ 5% -> Reserved for partners, marketing and airdrops.
@HarvestProtocol 📌 Token use cases
$HRVST holders play an important role within the Harvest ecosystem and will receive a ton of benefits
▪️ Governance: HRVST holders can vote on governance decisions.
▪️ Slow Release: $HRVST will be slowly introduced to the market to keep selling pressure low.
@HarvestProtocol ▪️ Buyback & Burn: Redeem $HRVST for a fraction of treasury profits at a higher rate than the market price.
▪️ Future Projects: HRVST holders have priority access to future features, partner projects, and NFT collections
@HarvestProtocol 3️⃣ $HRVST public sale event
[1] Data
▪️ Date: 21th July, 2:00 PM UTC
▪️ Platform: sale.harvestfi.co
▪️ Network: Arbitrum One
▪️ Token for sale: 500,000 HRVST
▪️ Presale Price: 0.0002 ETH/HRVST
▪️ Min/Max per wallet: 0.01E/2E
▪️ SoftCap/HardCap: 25/100 ETH
@HarvestProtocol 2] Benefits when participating in the sale
▪️ Receive an extra 10% token on your purchase in the form of airdrop.
▪️ Buy at the initial price, can avoid sniper bots, MEV attack
▪️ 0% fee in Dapp
▪️ Early access to new pools
@HarvestProtocol 3] How to join the sale
▪️ The first hour of the sale is reserved for whitelisted wallets.
▪️ These wallets are selected from those who completed their task on givelab.com.
@HarvestProtocol ▪️ The last two hours will be open to the public, if the hardcap of 100ETH has not been reached
▪️ After the sale end, $HRVST will be listed on @CamelotDEX
@HarvestProtocol @CamelotDEX 5️⃣ Conclusion
▪️ “Burn it instead of selling it” - @HarvestProtocol is changing the wheel of incentive farming in Defi ecosystem
▪️ If you're interested in yield farming and DeFi, the Harvest Protocol presale event on Jul 21st might be worth considering.
#DYOR #NFA

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