Harpy Finance — a suite of decentralized finance (DeFi) products for Arbitrum. The DApp was developed with the goal of optimizing the revenue of DeFi users as they interact with other DApps in the DeFi space.
About Harpy Finance
This platform will use Balancer or Sushiswap as the official DEX to provide liquidity to HARPY tokens. The Harpy team is constantly striving to come up with new and innovative strategies to optimize user experience.
Over the course of 4 phases, new products will be introduced into the Harpy Finance ecosystem, such as leveraged income farming, credit systems, borrowing and lotteries.
Some features:
| 1. | Use Yield Farms to earn more $HARPY. |
| 2. | Stake in single pools to earn free tokens. |
| 3. | Participate in POD (lottery system). |
| 4. | Vote on proposals, related to the HarpyFinance ecosystem. |
After implementation, all project decisions are put into the hands of HARPY's stakeholders. In addition, management will oversee decisions, related to project treasury. 50% of the amount, received with deposit fees, is set aside for the HARPY burn at the end of each quarter. The remaining 50%, collected through fees, will go to the community-managed project treasury. GenCDI - the main contract of Harpy Finance in phase 1. It is responsible for distributing rewards among users. Stage 1 will have 6 farming pools. This means that 6 versions of GenCDI will be deployed on the main Arbitrum network, one version for each pool.
Additional information about defi app
At the moment, there is no White Paper on the site. Instead, there is an introductory document. Also, the developers provide a section with answers to questions.
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There are already over 14,000 members. The smart contract doesn't have an audit.