Olive Finance is a pioneering DeFi platform that empowers users to deposit their LP tokens and harness up to 10x leverage for enhanced yield farming. The maximum leverage available for any given token is determined based on a meticulous risk evaluation of the associated LP token.
Setting Up to Test
Visit the Olive Testnet: Start by visiting the Olive Testnet website here.
Connect Wallet: Click on the “Connect Wallet” button to begin your journey. Enter Your Invite Code: To access the testnet, you’ll need an invite code.
Verification: Once you have your invite code, enter it and click “Verify.”
If you need testnet ETH, you can obtain it from the Arbitrum Goerli Faucet here. Mint Testnet Tokens: Head back to the Olive Testnet page and click on “FAUCET”
Olive v2 Vaults
Head Over to Vaults Page: Navigate to the vaults page on the Olive Finance platform.
Deposit Assets: Here, you can add assets to the vault of your choice.
Tokens: As you deposit assets, you’ll also earn Tokens, which represent your share in the lending pool.
Select Leverage and Monitor Health Factor: While making a deposit, you can select your desired leverage. Keep an eye on the Health Factor to ensure the safety of your position.
Transaction Completion: Click “Approve” to complete the transaction. For a seamless experience, click on ‘Max’ to set the spending limit. On the right side of the screen, you’ll find an overview of your position, including important metrics like Health Factor and APY.
Withdraw from Vault Anytime Withdraw: You can withdraw from the vault anytime you like. Simply head to the withdraw section, enter the otokens amount you wish to withdraw, and click “Withdraw.” Don’t forget to pay the gas fees to complete the transaction.
Manage Positions & Maintain Vault Health Healthy Health Factor: Maintaining a healthy Health Factor is essential to avoid liquidation. You can manage your leverage by heading to the Manage tab and adjusting it with a simple drag. After setting your desired leverage, click on the Leverage/Deleverage button and pay the necessary gas fees.
Olive v2 Lending Pool
When you deposit assets, you receive aTokens (representing your supplied assets). Conversely, when a Vault borrows assets to facilitate user leverage, dTokens (indicative of the debt) are issued to the user.
Deposit
Click LEND: To participate in the lending pools, click on “LEND.” You will be redirected to your favorite USDC pool.
Enter Amount: Simply enter the amount of USDC you want to deposit, and you will be shown the corresponding amount of atokens that will go into the pool.
Approval and Deposit: Click “Approve,” set your USDC limit, pay the gas fees, and finally click “Deposit.”
Withdraw Withdraw: If you wish to withdraw your assets from the lending pool, head to the Withdraw tab, enter the balance you want to withdraw, and click “Withdraw.” Confirm the gas fees, and you’re all done.
Olive Drops
Don’t forget to explore the Drops page. Here, you can track your Olive Drops and your investments. Plus, there are exciting activities to participate in, including referral programs. You can find more details on the Olivedrops page.
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