This Yearn.finance "competitor," Harvest, just hit $1,000,000,000 in deposits

Most investors lack the knowledge, time, and spare Ethereum to yield farm for themselves.

Harvest Finance just hit $1,000,000,000 in total locked value, making it only one of a select number of DeFi protocols to achieve that milestone.

On Wednesday, Harvest Finance, a yield aggregator that uses a farmer "Chad" as its mascot, joined the select number of DeFi protocols that passed $1,000,000,000 - $1 billion, in other words - in total locked value.

DeFi Pulse confirms its data on-chain, suggesting that Harvest actually has at least $1,000,000,000 in locked funds.

There are also hundreds of millions locked in Harvest's Uniswap pools, where users can deposit liquidity provider tokens from Uniswap to earn yields and Harvest's native token, FARM. Harvest may get a further boost in the near future as Charlie, a Curve Finance co-founder, began discussions with the Harvest team regarding whitelisting its addresses.

This may allow depositors in Harvest to leverage Curve's boosted yields, which should drive investment in this protocol higher.

In the past, DeFi commentators commented that the direction Harvest and FARM are moving in indicates the project may be acting as competition to Yearn.

Finance and Harvest Finance are not direct competitors, the former is starting to launch new products and upgrades that should allow it to reclaim some of the yield farming market share.

These include the introduction of a new Ethereum farming strategy, set to go live for public use in the days ahead, along with new strategies for Compound and DAI. Later, Yearn.

Finance developers are expected to roll out "Vaults v2," a dramatic upgrade to its core yield-farming Vaults product that analysts say will bring the protocol to the next level.