OLIVE TESTNET COMPREHENSIVE GUIDE.# **The Olive v2 Complete Testnet Guide** <aside> <img src="https://prod-files-secure.s3.us-west-2.amazonaws.com/be1bcc2e-ee5c-42e6-b83b-01cc207bd81c/ab0e0855-72b9-4b5c-a4b4-73b8c296f664/1200px-HD_transparent_picture.png" alt="https://prod-files-secure.s3.us-west-2.amazonaws.com/be1bcc2e-ee5c-42e6-b83b-01cc207bd81c/ab0e0855-72b9-4b5c-a4b4-73b8c296f664/1200px-HD_transparent_picture.png" width="40px" /> <aside> 🖊️ **Olive Finance** stands at the forefront of Decentralised Finance, introducing enhanced yield farming opportunities with a **leverage of up to 10x for LP token** enthusiasts.This unique approach allows yield farmers to amplify their returns on preferred LP tokens. The underlying capital for these leveraged positions is sourced from dedicated over-collateralized lending vaults. In these vaults, lenders contribute their cryptocurrency assets, which are then accessible for LP vaults to borrow. In return, lenders accrue passive income, ensuring a win-win ecosystem. </aside> <aside> <img src="https://prod-files-secure.s3.us-west-2.amazonaws.com/be1bcc2e-ee5c-42e6-b83b-01cc207bd81c/7ef9b74d-7d1a-4ee1-b6f0-b455dabc9ec4/1200px-HD_transparent_picture.png" alt="https://prod-files-secure.s3.us-west-2.amazonaws.com/be1bcc2e-ee5c-42e6-b83b-01cc207bd81c/7ef9b74d-7d1a-4ee1-b6f0-b455dabc9ec4/1200px-HD_transparent_picture.png" width="40px" /> **🎉 The fun has already begun. The Testnet is live now! 🎉** </aside> # 1. ⚙️ Setting up to test ## Connecting wallet & Testnet invite code 🤫 - **Visit: [Olive Testnet](https://www.oliveapp.finance/) 🌐** - **Click → Connect Wallet 👇🏼** - **Enter your invite code. You can get your code by simply tweeting to @0xOlive.** - You can also get an invite code from [#Invite code](https://discord.gg/oxolive) channel in our [Discord](https://discord.gg/oxolive) - Here’s an Invite Code, Just for you - **LYFmadeEasy**  - **Once you get the code enter your code and click Verify.**  🎉Congratulations y**ou’ve earned your *first Olive Drops!* Isn’t that super cool? 😎**  ## Get testing tokens 🪙 - **Short on ETH? Get Testnet ETH from Arbitrum Goerli Faucet [[Link]](https://faucet.triangleplatform.com/arbitrum/goerli)**  - S**tart minting Testnet tokens at [Olive Testnet](https://www.oliveapp.finance/) by clicking on ‘[FAUCET](https://www.oliveapp.finance/faucet/)’. → ‘HIT THIS BUTTON TO MINT TESTNET TOKENS’** .gif) <aside> 💡 **All set! Now let’s try out different things you can do on Olive v2! Enjoy the extraordinary LYF (Leveraged Yield Farming) with Olive Finance.** </aside> # 2. 🏦 Olive v2 **Vaults** At the heart of Olive Finance lies the concept of vaults. Each vault is intricately linked with a specific strategy contract, designed to auto-compound returns, and a dedicated lending pool for borrowing purposes. **Users have the flexibility to undertake the following actions within the vaults:** 1. **[Deposit:** Add assets to the vault.](https://www.oliveapp.finance/vaults/) 2. **Withdraw:** Retrieve assets from the vault. 3. **Manage Position:** Adjust and optimise their leverage within the vault. ### 💱 Let’s make a deposit in the vault - **Head over to the vaults page and make a deposit.**  - **You also get a glimpse of the [otokens](https://docs.oliveapp.finance/olive/mechanisms/vaults#:~:text=With%20Leverage%3A,the%20lending%20pool.) you are earning based on your deposits.** - **You can select leverage but also keep an eye on the [Health Factor.](https://docs.oliveapp.finance/olive/mechanisms/vaults#health-factor)**  - **Click approve to complete the transaction.** - 💡Protip: Click on ‘Max’ on spending limit for a seamless experience while adjusting leverage.  - **Plus, you get a brilliant overview of your Position on the right side of the screen including important info like Health Factor, APY, and more.**  ### 💸 Withdraw from Vault anytime you like - **You can head over to withdraw and enter otokens amount to make withdrawal.**  - **Click Withdraw and pay gas fees to complete the transaction.**  ### ⛑️ Manage positions & maintain vault health - M**aintaining a healthy [Health Factor](https://docs.oliveapp.finance/olive/mechanisms/vaults#health-factor) helps you to avoid liquidation and you can always do that by managing the leverage.** - To manage leverage **head over to the Manage tab and set your leverage through a simple drag.** - **After setting up your desired leverage, click on Leverage/Deleverage button and pay gas fees.**  # 3. 🌀 Olive v2 **Lending Pool** Olive's lending pools operate on a model reminiscent of Aave’s **over-collateralised lending model.** When a user deposits assets, they receive aTokens (representing their supplied assets). Conversely, when a Vault borrows assets to facilitate user leverage, dTokens (indicative of the debt) are issued to the user. **[Now let’s head over to the lending pools!](https://www.oliveapp.finance/lend/)** ### Deposit - **Click LEND and you will be redirected to our favourite USDC pool.** - **Simply enter the amount of USDC and you will be shown the amount of atokens that goes into the pool.** - **Click approve, set USDC limit, pay gas fees with and finally click Deposit.**  ### Withdraw - **You can now head to the Withdraw tab and enter the balance you want to withdraw.** - **Click withdraw and confirm gas fees. You’re all done now!**  # 4. 💸 Olive Drops **Don’t forget to check out the [Drops page](https://www.oliveapp.finance/olivedrops/).** **It’s super fun and you get to see your Olive drops and also a glimpse of your investment. Plus, there are so many exciting things to do.** **[Refer your frens and let them Olives Drop!](https://www.oliveapp.finance/olivedrops/)**  <aside> 💌 We invite you to explore and enjoy our Testnet! Have suggestions for improvement? We encourage you to share your thoughts through [our Testnet Feedback Form](https://docs.google.com/forms/d/e/1FAIpQLSfAxC7AHXKvydXkCL9k7zFSrkP-kWg3cLu95IdmVwbWTeP-sA/viewform). Your opinion is invaluable to us! To show our appreciation for your interaction with the Testnet and reporting of bugs, **we have allocated exclusive rewards for Testnet users. Stay tuned!** **Note: The quantity of tokens awarded will correspond to the severity of the reported bugs and on first come basis.** </aside> </aside>