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Harvest Official: Automated Farming, iFARM & Profit Sharing 

Harvest Official: Automated Yield & Profit Sharing Hub 

Harvest Official is the decentralized yield optimization protocol that automates the process of "farming" to maximize returns. This technical documentation serves as the primary resource for depositing into Harvest Vaults, staking for iFARM Yield, and participating in the FARM Token Buyback ecosystem. Harvest socializes gas costs to democratize access to high-yield strategies. 

Harvest Ecosystem: The Cooperative 

Harvest Finance operates as a cooperative where yield is generated by "Strategies" and shared between depositors and the protocol.

The Vaults: Users deposit assets (ETH, USDC, LP Tokens). The Vault sends these assets to a Strategy.

The Strategy: The strategy puts the assets to work (e.g., depositing into Curve). It regularly "harvests" the rewards (e.g., CRV), sells them for more of the underlying asset (USDC), and puts it back into the pool.

Profit Sharing: The core differentiator. 70% of the yield goes directly to the vault depositors (auto-compounded). 30% of the yield is taken as a fee, used to buy FARM on the open market, and distributed to those staking in the Profit Sharing Pool.

fTokens, iFARM & Keepers 

The infrastructure of Harvest Finance Official relies on standardized token wrappers and automated keepers.

fTokens: When you deposit into a vault, you receive an fToken (e.g., fUSDC). The balance of fUSDC in your wallet does not change, but its "Price Per Share" increases as the vault compounds. You burn fUSDC to withdraw the increased principal.

iFARM: This is the receipt token for the Profit Sharing Pool. It functions like an fToken for FARM itself. As the protocol buys back FARM and adds it to the pool, the value of iFARM rises.

DoHardWork: This is the smart contract function that triggers the harvest. It can be called by anyone (keepers), but is typically incentivized to ensure harvesting happens efficiently without spending more on gas than the reward is worth.

FARM, Buybacks & Base 

The reward system is designed to convert "emission tokens" into "hard assets."

Real Yield: Because the rewards for FARM stakers come from Buybacks (funded by the 30% fee), the yield is "Real" (derived from external revenue) rather than just inflationary printing of new tokens.

Emissions: In addition to the buybacks, Harvest often emits new FARM tokens to specific vaults to incentivize liquidity, though the emission rate has significantly decreased over time (the "Emission Halving" schedule).

Chains: Harvest is live on Ethereum, Base, Arbitrum, and Polygon. Users can often find higher APYs on L2s due to lower gas costs allowing for more frequent compounding events.

Security, Audits, and Risks 

Harvest Finance Official places a heavy emphasis on security following its early history.

Audits: The protocol has been audited by multiple top-tier firms including Haechi, PeckShield, CertiK, and Halborn. (Always check the specific strategy contract for its audit status).

Timelock: Most strategy upgrades and governance decisions are subject to a 12-hour Timelock, giving the community time to review changes before they are implemented.

Flash Loan Attacks: Harvest was the victim of a famous arbitrage/flash loan attack in 2020. Since then, they have implemented strict deposit/withdrawal guards (arbitrage checks) and often use "hard" peg or oracle checks to prevent price manipulation exploits.

Official Documentation & Reference 

Access the verified Harvest Finance Official technical resources below:

App: app.harvest.finance

Wiki: harvest.finance/wiki

Analytics: harvest.finance/stats

Twitter: x.com/harvest_finance

Frequently Asked Questions 

What is the difference between FARM and iFARM? FARM is the token itself. iFARM is what you get when you stake FARM in the Profit Sharing Pool. iFARM automatically earns you more FARM via the protocol's buybacks.

What is the 30% fee? It is a performance fee. 30% of the profits generated by the strategy are taken to reward FARM stakers. This aligns the interests of the token holders with the success of the vaults.

What are fTokens? fToken Interest Bearing assets are your deposit receipts. If you deposit DAI, you get fDAI. You need this token to withdraw your funds + interest later.

Is Harvest supported on Base? Yes, Harvest Finance Base Chain deployment allows users to farm with lower gas fees and access Base-native protocols like Aerodrome.