Place/Date: - July 28th, 2021 at 4:30 pm UTC · 3 min read
Polygon continues to expand its presence in the world of DeFi and yield farming. Harvest, one of the oldest yield farming aggregators, has deployed a set of farming strategies on the Polygon blockchain. DeFi users worldwide will benefit from this integration, as it significantly lowers the barriers to entry.
Decentralized finance is a thriving industry with many opportunities and services. As a yield farming aggregator and asset management platform, Harvest provides a maximum yield for all assets deposited by its users. Anyone who holds assets that otherwise have no “purpose” can benefit from this approach, as one can put anything to better use.
The innovative approach by this yield farming aggregator also poses a few challenges. By launching on the Ethereum network, the project has received a lot of attention. But, high network fees force the team to extend their reach to other blockchains. As Harvest aims to reduce gas costs, exploring alternative solutions beyond Ethereum becomes a necessity.
The integration of Polygon makes it easier for people with fewer crypto assets to maximize their DeFi yield farming. On Ethereum, users would spend some of their profit generated on covering transaction fees, nullifying the entire yield farming effort for those not invested in cryptocurrencies yet.
The integration of Polygon allows Harvest to introduce new farming strategies – such as vaults – for users at lower fees. In addition, Polygon’s fast, easy to use technology allows Ethereum to scale and thereby introduce the world of Web 3.0 to new users. Polygon has attracted many projects within and outside of the DeFi industry, as lower network costs are always in high demand.
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 450+ Dapps, ~350M txns, and ~13.5M+ unique users.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
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.