Harvest Finance Surges 127% on Coinbase Listing


Key Takeaways

  • Coinbase has listed Fetch (FET), Paxos Normal (PAX), Polymath Community (POLY), and Harvest Finance (FARM).
  • The listed cash can be found on Coinbase and Coinbase Professional in most supported areas.
  • Harvest Finance’s FARM token surged 127% following the itemizing.

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Coinbase has listed 4 new cash on its alternate, out there for buying and selling in most supported areas. Harvest Finance has rallied 127% on the replace. 

Coinbase Provides to Supported Tokens

Coinbase has listed 4 new cash on its alternate.

Paxos Normal’s stablecoin PAX and Polymath Community’s utility token POLY have been made out there for buying and selling on Jul. 27, whereas Fetch.ai’s utility token FET and Harvest Finance’s governance token FARM have been listed on Jul. 28 and Jul. 30 respectively.

The newly listed cash are supported in virtually all areas, together with New York and, in virtually all instances, excluding Singapore. The exception is POLY, which shall be out there to Singaporean buyers through the primary Coinbase platform. 

Whereas Fetch and Polymath didn’t expertise a drastic change in value, Harvest Finance’s token surged round 127% in a day from lows of $86.07 to $194.47. It briefly hit an all-time excessive of $224.05 early Friday earlier than cooling off. Many tokens surge on Coinbase listings, although a transfer of over 100% is sort of remarkable. 

Supply: CoinGecko

Harvest Finance is a yield aggregator much like tasks like Yearn.Finance and Convex Finance. Nevertheless, it’s struggled to maintain up with its opponents because it suffered a flash mortgage assault in Oct. 2020. 

A hacker stole $24 million from the farm’s Bitcoin and stablecoin swimming pools, draining the protocol of $400 million value of liquidity and inflicting the FARM value to crash by 60%. The protocol presently holds round $360 million in complete worth locked, however at its peak it had attracted over $1 billion in liquidity.

Coinbase’s newest itemizing spree matches the alternate’s dedication to “listing *each* asset the place it’s authorized to take action,” as outlined by Coinbase CEO Brian Amstrong in a June Twitter thread. 

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