Participating in the Olive v2 Testnet 🌐
🌿 Introduction to Olive Finance
Olive Finance stands at the forefront of Decentralised Finance, offering enhanced yield farming opportunities with a leverage of up to 10x for LP token enthusiasts. Lenders accrue passive income, ensuring a win-win ecosystem.
🎉 Testnet Launch
The fun has already begun! The Olive Testnet is now live!
⚙️ Setting Up
Visit the Olive Testnet
Connect your wallet
Enter your invite code (tweet @0xOlive or check the Discord channel for codes)
Use the special invite code: LYFmadeEasy.
🪙 Getting Testnet Tokens
Need ETH? Get Testnet ETH from Arbitrum Goerli Faucet.
Mint Testnet tokens at Olive Testnet by clicking on ‘FAUCET’.
🏦 Olive v2 Vaults
Vaults are central to Olive Finance. Users can deposit, withdraw, and manage positions within the vaults. Keep an eye on the Health Factor to avoid liquidation.
💱 Making a Deposit in the Vault
Visit the vaults page. Make a deposit and earn oTokens based on your deposits. Adjust your leverage and always monitor the Health Factor.
💸 Withdrawing from the Vault
Head to the withdraw section. Enter the oTokens amount and confirm the transaction.
🌀 Olive v2 Lending Pool
Olive’s lending pools are similar to Aave’s over-collateralised lending model. Deposit assets and receive aTokens. Vaults borrow assets and issue dTokens to the user.
🏦 Depositing & Withdrawing from Lending Pool
Click LEND to deposit into the USDC pool. For withdrawals, head to the Withdraw tab and confirm the transaction.
💸 Olive Drops
Check out the Drops page for Olive drops and other exciting activities. Refer friends and earn more Olives!
💌 Feedback & Rewards
Explore the Testnet and share feedback through this form. Exclusive rewards await Testnet users based on the severity of reported bugs.
And don’t forget about the Galxi and Zealy campaigns!
Join the Olive Testnet and be a part of the future of Decentralised Finance! 🌿🚀
#OliveLYF #OliveTestnet #OliveFinance #OliveV2 #LYFeMadeEasy
