Harvest Finance is one of the earliest auto-compounders, still functional across multiple chains. FARM tokenomics with buybacks. Suffered a $24M exploit in 2020 (repaid); reputation still recovering.
What Harvest offers
- Auto-compounding vaults across multiple chains
- FARM token with buyback mechanism
- Long track record (since 2020)
- Extensive vault library
The 2020 exploit
Harvest was drained of $24M via a flash loan attack in October 2020. The team repaid users from treasury. Post-incident security has been strong but the history means users should weigh trust carefully.
Verdict
Harvest is a functional auto-compounder with a mixed history. Fine for known-good vaults; requires trust caveat vs newer platforms.