VVS Finance, a leading DeFi platform on the Cronos blockchain, has announced the launch of the Auto Harvest feature designed for Crypto.com prepaid card users. This feature enables automatic harvesting of yield from DeFi farms for everyday use.
How Auto Harvest Works
The Auto Harvest feature is now live for all farms on the VVS Finance platform that are labeled as Auto Harvest. Users selecting Crypto.com as their harvest destination can convert their rewards into fiat via USDC or a local currency equivalent, with availability dependent on the region.
Market Commentaries
Esther Wong, Senior Vice President of Cards at Crypto.com, affirmed the importance of the Crypto.com Prepaid Card as a bridge between the fiat and crypto worlds, allowing users to participate in decentralized finance. She noted that the launch of Auto Harvest helps VVS Finance users automatically claim their yield farming rewards for everyday purchases.
User Benefits
The Auto Harvest feature allows users to automatically harvest their rewards daily once a minimum threshold of $6 is reached. However, users retain the ability to manually claim rewards from an Auto Harvest farm without any processing fee. Its integration with Crypto.com Prepaid Card makes it easier than ever for users to off-ramp crypto and spend in the real world.
The launch of Auto Harvest by VVS Finance represents a significant step towards making decentralized finance accessible to everyday users, providing the ability to instantly utilize rewards for real-world spending.
