How to use Harvest Finance: An A-Z Guide
Recently, the trend of "4.0 farmer" has become increasingly popular with the advent of yield farming that has brought the most optimal profits to users. Coin98 Wallet is proud to have successfully integrated into Harvest Finance on dApp Browser and become one of the official cryptocurrency wallets of this AMM platform, opening the door for many users to access the important benefits of multi-chain wallets, the leading DeFi gateway in Asia.
In this article, I will guide you step-by-step through the process of earning profit on Harvest Finance right on Coin98 Wallet in the simplest and most detailed way.
Harvest Finance Overview
Harvest Finance is an automated yield farming protocol that helps users use their assets to earn high interest rates. Harvest Finance automatically optimizes productivity with the latest farming techniques by seeking the latest DeFi platforms with the highest yield.
Currently, Harvest Finance has products from many different DeFi platforms including PancakeSwap, Venus, Goose,... and ampliFarm.
Preparation for using Harvest Finance
Download and install Coin98 Wallet
Coin98 Mobile Wallet
Harvest Finance is now available on the Coin98 Mobile Wallet for both iOS and Android users: https://coin98.com/wallet
Read the detailed instruction about how to use Coin98 Wallet or watch the tutorial video below to install the Coin98 Mobile Wallet:
Extension Wallet
Coin98 Extension Wallet now supports both Chrome and Firefox.
If you are a new user, you can directly install Extension Wallet on your computer following the instructions here.
Create a Multi-chain Wallet
Since Harvest Finance is a DApp on 3 chains: Ethereum, Polygon and Binance Smart Chain, you definitely need a wallet compatible with these ecosystems to skin-in-the-game. I encourage you to use Multichain wallet to be able to integrate multiple wallet addresses from many different blockchains on the same application.
After installing Coin98 Wallet, you can follow the instructions below to create a Single-chain wallet like Ethereum (ETH, ERC20), Polygon (MATIC, PRC20) and BSC (BNB, BEP20) or import the existing wallet on other wallets to Coin98 Wallet.
Read now: How to create a Multi-chain Wallet.
Prepare ETH, MATIC, BNB for gas fees
As mentioned above, Harvest Finance uses ETH on Ethereum, MATIC on Polygon and BNB on Binance Smart Chain for gas fee. Depending on the network you want to join, you must have these coins as fees to use Harvest Finance.
Note: You must transfer the coin to the correct wallet of the network that you intend to execute the transaction.
Everything is ready! Let's get started!
How to use Harvest Finance with Coin98 Mobile Wallet
Connect Wallet
Step 1: To access Harvest Finance, after logging in to your Coin98 Wallet account, click Browser on the home screen and select Harvest Finance in the DApp Store.
Step 2: Select Connect Wallet in the upper right corner.
If you have more than one Multichain wallet, you can easily select the desired wallet by clicking on the wallet option at the bottom right corner of the screen.
Farm
On the homepage, click Farm on the navigation menu.
Step 1: Select the Farm you want to join. I’ll take the BUSD as an example.
Step 2: Enter the amount of your Token/LP Token ⇒ tick to the box “Stake for rewards” ⇒ click Deposit.
The system will ask for a small fee to confirm, click Send.
Step 3: The amount of tokens you deposited will be converted into the corresponding token of that farm. Here, my BUSD is converted to fvenusBUSD ⇒ Select Stake All.
After the transaction is completed, the system will display the real-time amount of the bFARM tokens you’ve received.
If you want to collect bFARM tokens, click Claim.
Note: For AmpliFARM pairs including ICE-BNB and BELT-BNB, instead of bFARM tokens like other farms, you will receive AmpliFARM as a reward.
If you want to stop farming, click Withdraw ⇒ Enter the amount of Token/LP Token you want to withdraw ⇒ tick the box "Unstake if needed" ⇒ select Withdraw.
Booster
In the Farm, if you choose AmpliFARM pairs including ICE-BNB and BELT-BNB, instead of bFARM tokens like other farms, you will receive AmpliFARM as a reward.
The Booster feature (only available on Binance Smart Chain) will allow you to convert 1:1 ampliFARM tokens to bFARM. At the same time, allowing you to stake bFARM to receive rewards and speed up receiving ampliFARM tokens.
Convert 1:1 ampliFARM tokens to bFARM
In the homepage interface, select Booster on the navigation bar.
Enter the number of amplifierFARM ⇒ select Redeem.
Stake bFARM
Enter the amount of bFARM you want to stake ⇒ Select Stake.
If you want to stop staking, choose Unstake.
When Staking bFARM for 2 years, you will receive 3.34 bFARM per 1 ampliFARM.
Or you can stake bFARM to speed up receiving ampliFARM tokens.
Note: Your tokens will not be locked, you can withdraw at any time.
How to use Harvest Finance with Coin98 Extension Wallet
Connect Wallet
Step 1: From the homepage Harvest Finance ⇒ click Connect Wallet in the upper right corner.
Step 2: Choose your desired network ⇒ Select Coin98 Wallet from the list ⇒ Click Connect.
Note: You guys should convert the Web3 Priority of Coin98 Extension Wallet to your desired chain!
Select the Web3 Priority bar ⇒ select your desired chain.
If you have more than 1 Multichain wallet, you can easily select the desired wallet by clicking on the Coin98 wallet option at the upper right corner of the screen ⇒ click Manage ⇒ Manage All Wallets ⇒ select your wallet.
So we have successfully connected the wallet with Harvest Finance. Let's go!
Farm
On the homepage, click Farm on the navigation menu.
Step 1: Select the Farm you want to join. I’ll take the BUSD as an example.
Step 2: Enter the amount of your Token/LP Token ⇒ tick to the box “Stake for rewards” ⇒ click Deposit.
The system will ask for a small fee to confirm, click Confirm.
Step 3: The amount of tokens you deposited will be converted into the corresponding token of that farm. Here, my BUSD is converted to fvenusBUSD ⇒ Select Stake All.
After the transaction is completed, the system will display the real-time amount of bFARM token you’ve received.
If you want to collect bFARM token, click Claim.
Note: For AmpliFARM pairs including ICE-BNB and BELT-BNB, instead of bFARM tokens like other farms, you will receive AmpliFARM as reward.
If you want to stop farming, click Withdraw ⇒ Enter the amount of Token/LP Token you want to withdraw ⇒ tick the box "Unstake if needed" ⇒ select Withdraw.
Booster
In the Farm, if you choose AmpliFARM pairs including ICE-BNB and BELT-BNB, instead of bFARM tokens like other farms, you will receive AmpliFARM as a reward.
The Booster feature will allow you to convert 1:1 ampliFARM tokens to bFARM. At the same time, allowing you to stake bFARM to receive rewards and speed up receiving ampliFARM tokens.
In the homepage interface, select Booster on the navigation bar.
Convert 1:1 ampliFARM tokens to bFARM
Enter the number of amplifierFARM ⇒ select Redeem.
Stake bFARM
Enter the amount of bFARM you want to stake ⇒ Select Stake.
When Staking bFARM for 2 years, you will receive 3.34 bFARM per 1 ampliFARM.
Or you can stake bFARM to speed up receiving ampliFARM tokens.
Note: Your tokens will not be locked, you can withdraw at any time.
If you want to stop staking, choose Unstake.
Why you should use Harvest Finance on Coin98 Wallet
For both the newbies and the “4.0 farmers”, using Harvest Finance on the Coin98 Wallet DApp Browser brings undeniable benefits, such as:
Simple, easy to access
For the browser, Coin98 Wallet has been integrated into Harvest Finance, you only need to access and connect the wallet with a single click.
Besides, the DApp Browser is integrated in the Coin98 Mobile Wallet for both iOS and Android users. Just by clicking Browser on the home screen, you’ll be seamlessly taken to the marvelous DApp world.
Minimized risks of scams
Coin98 Wallet constantly strives to find the most trustworthy DApps with great use cases while prioritizing users’ security and privacy.
Coin98 Wallet directly integrates the exact addresses of all DApps on the app, which prevents the cases of searching and accessing fake DApps that steal users’ Private Keys/Passphrases, or swapping scam tokens.
The Cross-Chain Bridge
Considered as one of the innovative features of Coin98 Wallet, the Cross-Chain Bridge allows users to interact with Harvest Finance easily. Now you can directly convert many token standards right on the wallet via Cross-chain Bridge without using third parties.
Numerous DApps
If you are inclined towards earning on Harvest Finance after reading this article, why miss out on the great experience of trying other multi-chain DApps on the Coin98 Mobile Wallet DApp Browser?
Stay tuned for the upcoming planets that are about to be integrated into the Coin98 Wallet Universe!
Summary
And that is all that you need to know in order to use Harvest Finance. Hopefully, this article can effectively support users in using Kyber DMM with Coin98 Mobile Wallet and Coin98 Extension Wallet. If there are any questions, please feel free to comment below or join the Coin98 Community for further discussions!