What changed
Versus the public 2026-09-07 observation, FARM_METAc rose from about $86 to $5,854.79 TVL (about 68.1x), FARM_AAPLc from about $151 to $5,586.82 (about 37.0x), FARM_NVDAc from about $369 to $5,658.11 (about 15.3x), and FARM_GOOGLc from about $34 to $4,650.67 (about 136.8x). Displayed APYs declined over the same comparison: 106.39% to 100.18%, 76.94% to 57.35%, 63.52% to 61.33%, and 48.91% to 43.34%, respectively. Portals shows latest-24h deposits of $5,379.63 for METAc, $5,420.27 for AAPLc, $4,899.86 for NVDAc, and $4,614.75 for GOOGLc.
Why it matters
These wrappers were previously little more than dust-scale positions, but now each has several thousand dollars of live balance. The underlying TAU/IPOR Fusion carry vaults have been described as targeting 10% from an external reward program distributed via Merkl, leaving a large gap versus the 43%-100% APYs displayed on the Harvest wrappers. That gap makes APY methodology, share-price movement and reward accounting important before treating the headline rates as persistent economic yield.
Evidence
- Portals Explorer - Harvest Finance FARM_METAc — TVL $5,854.79, APY 100.18%, latest-24h deposits $5,379.63 and withdrawals $2.07.
- Portals Explorer - Harvest Finance FARM_NVDAc — TVL $5,658.11, APY 61.33%, latest-24h deposits $4,899.86 and withdrawals $0.
- Portals Explorer - Harvest Finance FARM_AAPLc — TVL $5,586.82, APY 57.35%, latest-24h deposits $5,420.27 and withdrawals $6.09.
- Portals Explorer - Harvest Finance FARM_GOOGLc — TVL $4,650.67, APY 43.34%, latest-24h deposits $4,614.75 and withdrawals $0.
- SIGNA ET STRUCTURA - 2026-09-07 Harvest Finance observation — The public 2026-09-07 observation recorded FARM_METAc / FARM_AAPLc / FARM_NVDAc / FARM_GOOGLc at about $86 / $151 / $369 / $34 TVL and 106.39% / 76.94% / 63.52% / 48.91% APY.
- Fusion by IPOR - Coinbase Tokenized Stocks carry vault announcement — Fusion describes the initial TAU Labs-operated carry vaults as targeting 10% from an external reward program distributed through Merkl.
Limitations
Absolute TVL remains small at roughly $4.7K-$5.9K per Harvest wrapper, so a small number of deposits or withdrawals can move the metrics materially. The Portals APYs of 43%-100% could not be fully decomposed into share-price movement, reward recognition and measurement-window effects using a same-time independent data provider, so the displayed APYs should not be treated as confirmed sustainable realized yield.
Disclosure
This is a public-market observation and does not constitute investment advice.