Harvest Finance (FARM) – The Young Farmer’s Gateway to DeFi

Harvest Finance is a DeFi protocol that aims to help yield farmers obtain the highest APY possible by doing nearly all the farming for them. The DeFi space is expanding like greased lightning and spewing new, leading-edge protocols every day. It isn't easy to keep pace with the progress, even for those in it since the early days of decentralized finance. So, it is understandable why newcomers are scratching their heads about yield farming, harvesting, gas costs, and APY tracking.…

DeFi Protocol Harvest Finance Faces Economic Attack, FARM Token Tanks

On Oct 26, 2020, decentralized yield farming protocol Harvest finance became the latest victim of an exploit by a malicious actor. The newly launched DeFi platform created on the Kava blockchain reportedly lost more than $24M in an early Monday morning exploit. The hacker has already swapped his siphoned funds to renBTC, a synthetic version of BTC. He is also reportedly converting part of his loot to Tornado Cash, a privacy tool that obfuscates ETH transactions.  According to a statement…