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Friends! The mainnet launch of Olive Finance project is coming soon. In the meantime, we suggest joining the testnet testing to explore the unique leverage farming opportunities for LP tokens. This article will provide a detailed guide on how to connect, get test assets and try out the main Olive Finance mechanics.
Connecting to the Testnet
To get started, go to https://oliveapp.finance/?ref=7Fu4jdnC. Click the “Connect Wallet” button and choose your option. After that, you will need to enter an invite code: 7Fu4jdnC
The code will activate access to the testnet. After verification, you will receive a welcome bonus — your first Olive Drops?
Getting Test Tokens
To experiment with Olive products, you will need test coins. Go to the “Faucet” section on the website and click the mint button. You will be able to mint the required amount of test tokens — ETH, USDC, WBTC and others.
If you need more test ETH for gas, use the Arbitrum Goerli faucet. It will give you Goerli ETH for transactions on Olive testnet.
Vaults and Leverage
Let’s try out the main Olive Finance feature — vaults with leverage opportunities. Go to “Vaults”, choose a pool of interest and enter your deposit amount.
Then you can configure the required leverage up to 10x. Pay attention to the Health Factor — it should be above 1 to avoid liquidation. Set the ETH spend limit and press “Confirm”.
After paying gas, you will receive the expected amount of oTokens — their balance will grow according to vault settings. Monitor position changes and rebalance leverage if needed.
Lending Pools
Deposits into Olive vaults borrow from special lending pools. Let’s provide liquidity to the USDC pool. Go to the needed pool page and enter your deposit amount.
Confirm the transaction — you will receive aUSDC that will start accumulating interest from borrowings. To withdraw, specify the required amount of aTokens and press “Withdraw”.
Olive Drops
Don’t forget to check out the Olive Drops section. Here you can track rewards earned, invite friends and monitor total profits. A fun mechanism that makes testing even more exciting!
Galxe Campaign
In addition, there is a special campaign from Galxe together with Olive Finance.
Follow the link, connect your wallet and complete the tasks to claim OAT!
Feedback
After finishing the testing, don’t forget to share your feedback with the Olive Finance team. Fill out the feedback form to help the project improve the product before main launch.
Active testers are promised special rewards! We invite you to dive into the world of leverage for LP tokens with Olive Finance right now. Happy testing!
https://zealy.io/c/olivefinance-3618
#OliveLYF #OliveTestnet #OliveFinance #OliveV2 #LYFeMadeEasy
Friends! The mainnet launch of Olive Finance project is coming soon. In the meantime, we suggest joining the testnet testing to explore the unique leverage farming opportunities for LP tokens. This article will provide a detailed guide on how to connect, get test assets and try out the main Olive Finance mechanics.
Connecting to the Testnet
To get started, go to https://oliveapp.finance/?ref=7Fu4jdnC. Click the “Connect Wallet” button and choose your option. After that, you will need to enter an invite code: 7Fu4jdnC
The code will activate access to the testnet. After verification, you will receive a welcome bonus — your first Olive Drops?
Getting Test Tokens
To experiment with Olive products, you will need test coins. Go to the “Faucet” section on the website and click the mint button. You will be able to mint the required amount of test tokens — ETH, USDC, WBTC and others.
If you need more test ETH for gas, use the Arbitrum Goerli faucet. It will give you Goerli ETH for transactions on Olive testnet.
Vaults and Leverage
Let’s try out the main Olive Finance feature — vaults with leverage opportunities. Go to “Vaults”, choose a pool of interest and enter your deposit amount.
Then you can configure the required leverage up to 10x. Pay attention to the Health Factor — it should be above 1 to avoid liquidation. Set the ETH spend limit and press “Confirm”.
After paying gas, you will receive the expected amount of oTokens — their balance will grow according to vault settings. Monitor position changes and rebalance leverage if needed.
Lending Pools
Deposits into Olive vaults borrow from special lending pools. Let’s provide liquidity to the USDC pool. Go to the needed pool page and enter your deposit amount.
Confirm the transaction — you will receive aUSDC that will start accumulating interest from borrowings. To withdraw, specify the required amount of aTokens and press “Withdraw”.
Olive Drops
Don’t forget to check out the Olive Drops section. Here you can track rewards earned, invite friends and monitor total profits. A fun mechanism that makes testing even more exciting!
Galxe Campaign
In addition, there is a special campaign from Galxe together with Olive Finance.
Follow the link, connect your wallet and complete the tasks to claim OAT!
Feedback
After finishing the testing, don’t forget to share your feedback with the Olive Finance team. Fill out the feedback form to help the project improve the product before main launch.
Active testers are promised special rewards! We invite you to dive into the world of leverage for LP tokens with Olive Finance right now. Happy testing!
https://zealy.io/c/olivefinance-3618
#OliveLYF #OliveTestnet #OliveFinance #OliveV2 #LYFeMadeEasy
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