If you missed @arbitrum airdrop
Don't miss this
($1k to $5k) rewards
Easy and straightforward interaction.
@0xOlive
#RealYield #VAULTS #Airdrop
Don't miss this
($1k to $5k) rewards
Easy and straightforward interaction.
@0xOlive
#RealYield #VAULTS #Airdrop
Olive is a multichain protocol that
combines composability with structured products to amplify yields by up to 1.5X without exposing users funds to principal risk.
combines composability with structured products to amplify yields by up to 1.5X without exposing users funds to principal risk.
So basically, what they do is help users amplify their funds. #RealYield
Users have to deposit assets in their favored strategy and Olive's auto compounding VAULTS take care of the rest
Users have to deposit assets in their favored strategy and Olive's auto compounding VAULTS take care of the rest
What OLIVE OFFERS?
πOnchain non-custodian yield generation.
πAmplify yields on composable tokens at zero capital risk.
πEarn fixed or variable yields in all market conditions with a wide array of strategies
πImprove portfolio risk return profile.
πOnchain non-custodian yield generation.
πAmplify yields on composable tokens at zero capital risk.
πEarn fixed or variable yields in all market conditions with a wide array of strategies
πImprove portfolio risk return profile.
THE VAULT
$Olive has several vault
$GLP & $MVLP are one of them.
The $GLP vault is responsible for applying the base yield on GLP vault by up to 1.5x without credit yield. Earn as high as 9O% from depositing in the vault.
$Olive has several vault
$GLP & $MVLP are one of them.
The $GLP vault is responsible for applying the base yield on GLP vault by up to 1.5x without credit yield. Earn as high as 9O% from depositing in the vault.
HOW DOES THE VAULT WORK?
Once funds are deposited in the GLP Vault. Beefy is used to automatically convert the ETH and esGMX rewards on GLPto even more GLP for users.
Once funds are deposited in the GLP Vault. Beefy is used to automatically convert the ETH and esGMX rewards on GLPto even more GLP for users.
The yields earned on GLP deposited in Beefy are used to gain exposure to structured products such as range-accrual, twin-win ascent, summit, digital, highland,
etc.
etc.
The critical thing to note is Olive only uses the yield component on GLP to run these strategies thus ensuring users funds are never exposed to credit or principal risk.
The yields generated from these strategies are automatically reinvested into the GLP vault generating auto-compounding returns.
There are no locks-in You can invest and withdraw anytime.
However, if you withdraw between cycles, you will lose out on the yield accrued at the cycle's end.
Each cycle runs from Monday to Monday, 1pm UTC
However, if you withdraw between cycles, you will lose out on the yield accrued at the cycle's end.
Each cycle runs from Monday to Monday, 1pm UTC
TOKENOMICS:
$OLIVE is the native protocol token and ERC 20 token
Total supply: 1,000,000,000 $Olive
Distribution:
Community: Reserved for community rewards 35%
Founding Team: Reserved for founding team 2O%
Series A: Token reserved for private round investing 1O%
$OLIVE is the native protocol token and ERC 20 token
Total supply: 1,000,000,000 $Olive
Distribution:
Community: Reserved for community rewards 35%
Founding Team: Reserved for founding team 2O%
Series A: Token reserved for private round investing 1O%
Foundation reserve: 10% For future growth, capital round, community grants, network
growth, partnership, liquidity, e.t.c
Team performance incentives: 10% For current and future employees, consultants &contractors
Seed: 5.97% Reserved for seed investors
growth, partnership, liquidity, e.t.c
Team performance incentives: 10% For current and future employees, consultants &contractors
Seed: 5.97% Reserved for seed investors
Strategic reserves: 4.03% For strategic partnerships, liquidity providers DeFi influences, and other strategic investors.
Advisor reserve: 3% Strategic advisors to the protocol
Public: 2% Reserved for public sales
through launchpad & Buy program
Advisor reserve: 3% Strategic advisors to the protocol
Public: 2% Reserved for public sales
through launchpad & Buy program
SECURITY:
This project handles a lot of money hence,security has to be paramount. @0xOlive
has been audited by @peckshield. All codebase is open source and Audited.
If you are interested in the technicalities. Here's a detailed report π
github.com
This project handles a lot of money hence,security has to be paramount. @0xOlive
has been audited by @peckshield. All codebase is open source and Audited.
If you are interested in the technicalities. Here's a detailed report π
github.com
INVESTORS, VC AND AFFILIATIONS
Some of Polygon founder's, Jumpcrypto, DeFialliance and more π
Some of Polygon founder's, Jumpcrypto, DeFialliance and more π
72 HOURS RECENT ACTIVITIES:
πGot listed in @CoinbaseWallet. You can now easily navigate to Olive protocol.
πNew pair of token listed for farming. Earn as high as 97% APR on $MVLP
πTVL went past $5 million growing by 21.54%
πGot listed in @CoinbaseWallet. You can now easily navigate to Olive protocol.
πNew pair of token listed for farming. Earn as high as 97% APR on $MVLP
πTVL went past $5 million growing by 21.54%
Olive has An Ongoing Incentivised Referral Program that enables User earn Up To $15k Rewards In USDC By Referring Individuals To The Platform
Read this π
Read this π
Follow @PrudentSammy and turn on π
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