Thread by @PrudentSammy

If you missed @arbitrum 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.

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

What OLIVE OFFERS?

📍Onchain non-custodian yield generation.

📍Amplify yields on composable tokens at zero capital risk.

📍Earn fixed or variable yields in all market conditions with a wide array of strategies

📍Improve 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.

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.

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.

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

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%

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

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

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 👇

github.com/peckshield/pub…

INVESTORS, VC AND AFFILIATIONS

Some of Polygon founder's, Jumpcrypto, DeFialliance and more 👇

72 HOURS RECENT ACTIVITIES:

📍Got listed in @CoinbaseWallet. You can now easily navigate to Olive protocol.

📍New pair of token listed for farming. Earn as high as 97% APR on $MVLP

📍TVL 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 👇

https://twitter.com/NDIDI_GRAM/status/1641380322083508225?t=JM7PGkZzUPH24nu7_GlX3w&s=19

Got Questions??

Join the community

Website: oliveapp.finance
Discord: Discord.gg/0xOlive
Telegram: t.me/OxOlive

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