🖊️ 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.
🎉 The fun has already begun. The Testnet is live now! 🎉
Visit: Olive Testnet 🌐
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 channel in our Discord
Here’s an Invite Code, Just for you - S6WHsEFi
Once you get the code enter your code and click Verify.
🎉Congratulations you’ve earned your first Olive Drops! Isn’t that super cool? 😎
Short on ETH? Get Testnet ETH from Arbitrum Goerli Faucet [Link]
Start minting Testnet tokens at Olive Testnet by clicking on ‘FAUCET’. → ‘HIT THIS BUTTON TO MINT TESTNET TOKENS’
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:
Withdraw: Retrieve assets from the vault.
Manage Position: Adjust and optimise their leverage within the vault.
Head over to the vaults page and make a deposit.
You also get a glimpse of the otokens you are earning based on your deposits.
You can select leverage but also keep an eye on the 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.
You can head over to withdraw and enter otokens amount to make withdrawal.
Click Withdraw and pay gas fees to complete the transaction.
Maintaining a healthy 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.
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!
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.
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!
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
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.