# Participating in the Olive v2 Testnet 🌐

By [Silician](https://paragraph.com/@silician) · 2023-10-02

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**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](https://www.oliveapp.finance/)
    
*   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](https://faucet.triangleplatform.com/arbitrum/goerli).

Mint Testnet tokens at [Olive Testnet](https://www.oliveapp.finance/) 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](https://www.oliveapp.finance/olivedrops/) for Olive drops and other exciting activities. Refer friends and earn more Olives!

**💌 Feedback & Rewards**

Explore the Testnet and share feedback through [this form](https://docs.google.com/forms/d/e/1FAIpQLSfAxC7AHXKvydXkCL9k7zFSrkP-kWg3cLu95IdmVwbWTeP-sA/viewform). Exclusive rewards await Testnet users based on the severity of reported bugs.

And don’t forget about the [Galxi](https://galxe.com/olive/campaign/GCdrxUGiMD?referral_code=GRFr2JniqeHzlf2iJsKJpCEhlxsoqfT-uBbh--mclDoAiGf) and [Zealy](https://zealy.io/c/olivefinance-3618/invite/2kWA-Txp78pOwcok0xvtm) campaigns!

Join the Olive Testnet and be a part of the future of Decentralised Finance! 🌿🚀

#OliveLYF #OliveTestnet #OliveFinance #OliveV2 #LYFeMadeEasy

![Olive v2 Testnet](https://storage.googleapis.com/papyrus_images/5b0339c23302a9c3492b36183443ff37d342ab329d5b18b7f14518172613b2cb.jpg)

Olive v2 Testnet

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*Originally published on [Silician](https://paragraph.com/@silician/participating-in-the-olive-v2-testnet)*