What is Olive Finance? Olive Finance is a Multichain development protocol, helping users increase profits by 1.5 times when Farming through Olive’s strategies.
So what is Olive Finance? Let’s find out in this article!
What is Olive Finance?
Olive Finance is a Multichain development protocol, helping users increase profits by 1.5 times when Farming through Olive’s strategies. While increasing profits for users, the protocol still ensures that your original assets are safe.
By opening up Vaults with different risks and returns for users to deposit assets into, those assets will be farmed in linked protocols. Especially Olive will bring users’ profits to Farm on Beefy on a 7-day cycle.
Thanks to the separation between profit and capital, the protocol ensures the integrity of equity. And the user’s risk is that the profit assets are taken to Farm on Beefy. That asset has high profit margins but also comes with high risks.
Mechanism of Action
Olive’s products are divided into two clear parts: Principal Protected Vaults and Non Principal Protected Vaults.
Principal Protected Vaults
- GLP Vault: Assets in this Vault will be minted into GLP on GMX to bring profits to users. Beefy will automatically transfer users’ ETH and esGMX rewards to GLP for Farm to earn high profits.
- MVLP Vault: Similar to GLP Vault, Beefy will automatically convert MATIC and esMVX rewards into MVLP to continue Farming.
Non Principal Protected Vaults
Assets in these Vaults will be transferred to Farm directly on Opyn with profits ranging from 10% to 30%.
Development Roadmap
Olive’s product development roadmap in the coming months:
- Multi-strategy vault: SWill accept deposits of LSD tokens and LP tokens of LP groups such as stETH-ETH, stMATIC-MATIC,…
- Liquidity Storage: When depositing assets into the Vault, users will receive oTkens representing that deposit and oTkens are used as collateral on Aave.
- Fee reduction: Only charge a 2% management fee when assets are profitable.
- Governance: Protocol governance via OLIVE token.
- Gas Optimization: Optimize smart contracts and strategies to reduce gas fees.
Core Team
Updating…
Investors
- Seed round successfully raised $1.5M from Jump Capital, Defi Alliance, Hashed, Alan Howard, Smape.
- Strategic Round successfully raised $3M from investors such as LedgerPrime, QCP Capital, Morningstar Ventures, LUX Capital, CSP DAO, Key Opinion Leaders.
Tokenomics
Overview information about Olive Finance Token
Updating…
Token Allcation
Token Release
- Community: Pay in installments over 1 year.
- Team: SWill be locked for 1 year, then paid daily for over 3 years.
- Series A: SWill be locked for 1 year, then paid daily for over 3 years.
- Donation Reserve: Permissions are determined at the time of distribution and are based on the nature of the use.
- Public Sale: Pay in installments over 1 year.
- Advisor: SWill be locked for 1 year, then paid daily for over 3 years.
- Strategic: SWill be locked for 1 year, then paid daily for over 3 years.
- Seed: SWill be locked for 1 year, then paid daily for over 3 years.
- Team Performance: SWill be locked for 1 year, then paid daily for over 3 years.
Token Use Case
OLIVE token is used to govern the protocol.
Exchanges
Updating…
Olive Finance’s Information Channel
- Website: https://oliveapp.finance/
- Twitter: https://twitter.com/0xOlive
- Medium:
Summary
Olive Finance helps users increase productivity when Farming with the vision of Multichain development. Although it is not currently receiving attention, the project still has the opportunity to capture market share in this segment in the future.
So I have clarified what Olive Finance is? Olive Finance cryptocurrency overview. Hope this article brings you a lot of useful information!