Most DeFi enthusiasts are eagerly anticipating the time when Ethereum has fully transitioned over to the Proof-of-Stake consensus algorithm and data sharding benefits that are commonly referred to as \u2018Eth2\u2019.<\/p>\n
These changes promise to bring the scalability, gas efficiency and lower transaction fees that we all know will make the leading smart contract platform even more appealing for DeFi. If you can\u2019t wait for those changes though, maybe it\u2019s time to shift your focus to Harmony which has gained attention during the recent crypto bull run<\/a>.<\/p>\n Harmony is a layer one blockchain that claims to provide all the benefits of Eth2 for users right now. It makes interoperability of assets and applications easy, includes a burgeoning ecosystem of development and a range of noteworthy staking, lending and liquidity options.<\/p>\n In this guide, we\u2019ll tell you all you need to know to get started with yield farming<\/a> on Harmony. It includes an overview of the network\u2019s technology and ecosystem, the DeFi wallets<\/a> you can use, how to make the most of the staking and yield farming opportunities available, and how to track everything with our DeFi portfolio tracker<\/a>.<\/p>\n What is Harmony? Harmony is a scaling solution with a difference.<\/p>\n It is an open and fast blockchain that, unlike many of its scalability peers, is a layer one rather than a layer two. As a layer one solution, it has its own security and settlement guarantees, which it claims make it much faster than any other solution.<\/p>\n In fact, Harmony says that this unique approach allows it to achieve two second finality. This means there\u2019s no need for users to wait for two or three blocks to be sure their transaction is confirmed and is much faster than the seven days some solutions require to settle back on Ethereum. Not only is Harmony\u2019s finality much quicker, the development team even says it is working towards one second finality.<\/p>\n Harmony\u2019s founders first had the idea for an open platform to enable application development in 2017 while working on various large infrastructure apps for Web2 giants such as Google and Microsoft. The platform was officially founded in 2018 and the Mainnet was launched in June 2019.<\/p>\n Watch our interview with Harmony COO <\/strong>\u2192<\/a>Table of Contents<\/h3>\n
\nHow Harmony achieves scalability
\nThe Harmony ecosystem
\nSharding
\nBridges
\nBridge Harmony <> BSC or ETH
\nAnyswap Bridge
\nThe ONE Token
\nDevelopers
\nWallets
\nMetamask
\nHow to add Harmony ONE to Metamask \u2192
\nGetting the ONE Equivalent Address
\nStaking and Yield Farming on Harmony
\nShould I use Harmony for Yield Farming?<\/p><\/blockquote>\nWhat is Harmony?<\/h2>\n
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