Harvest Finance announced collaboration with Terra

Harvest Finance announced last Thursday, July 15, through its Twitter account, its new collaboration with Terra Money, where it also has some rewards of $FARM fresh v2 for all “LUNAtics”.

La imagen tiene un atributo ALT vacío; su nombre de archivo es Harvest.jpg
Image on Harvest Finance’s Twitter post

“Dear farmers! We are excited to reveal the outcome of our collaboration with Terra to improve the liquidity of Terra’s native UST stablecoin on Ethereum. Our farmers can now deploy their assets in the UST-USDT stablecoin vault with Uniswap v3 technology”, he said through an article published on the Medium platform.

What does Terra Vault offer?

• Uniswap V3 commercial rates are automatically claimed and reinvested by Harvest

• $iFARM rewards

• $LUNA Rewards (New!)

In addition, the company indicated that recently, there is strong demand to exchange through UST, and this vault is designed to provide highly concentrated liquidity to maximize commission income for depositors. We look forward to supporting the Terra ecosystem as it continues to grow and ship exciting defi apps like Terra Bridge, Terraswap, Anchor Protocol, Mirror Protocol, and many more.

How to claim $LUNA Rewards?

According to the company, at the moment, $LUNA can only be claimed through the normal claim button in conjunction with $iFARM. “With more collaborations on the horizon, we will explore support for claiming rewards separately”, he added.

Also read: Stake DAO announced partnership with Avalanche

About Terra

It is a blockchain protocol that supports stable programmable payments and open financial infrastructure development. It is backed by a basket of algorithmically stabilized and fiat-linked stablecoins, such as $UST, which are backed by demand for its native equity asset, $LUNA.

About Harvest Finance

It is an asset management platform that maximizes the return on assets deposited by users. Harvest lowers gas costs and develops cutting-edge strategies to become the dead-end of performance agriculture in DeFi.

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