Olive Finance: Pioneering Leveraged Yield Farming
Olive Finance is a pioneer in decentralized finance (DeFi), providing LP token aficionados with expanded yield farming options with a leverage of up to 10x.
With this special method, yield farmers can increase the profits on their chosen LP tokens. These leveraged positions' underlying capital comes from special lending vaults. Lenders deposit their bitcoin assets in these vaults, making them available for LP vaults to borrow.
Olive Finance is managed by a global community of users who own its governance token, OLIVE, and runs as an open-source DAO (Decentralised Autonomous Organization). Through a governance structure that incorporates Executive Voting and Governance Polling, the protocol’s future and direction are shaped, giving OLIVE holders a considerable voice in how it develops.
The Olive Protocol is supported by the OLIVE token. It enables a variety of fundamental operations, including leveraged yield farming, financing, staking, governance, and compensating liquidators.
Lending Pools
The way Olive’s lending pools work is similar to how Aave does. Users who deposit assets are given aTokens, which represent the assets they have supplied. Contrarily, dTokens (representing the debt) are given to the user when a Vault borrows assets to enable user leverage.
These are the choices available to users:
- Supply assets
- Withdraw assets
In spite of the fact that anybody can contribute assets to the lending pool, only licensed vaults are allowed to borrow, guaranteeing that they meet the leverage requirements of yield farmers.
- Supply assets
Any person may contribute assets to the lending pool. They are given aTokens upon a deposit. These tokens serve as proof of their investment because they not only represent their initial deposit but also accrue yield over time.
- Withdraw assets
Users have the choice to redeem their aTokens, which enables them to get back both their original assets and any accrued yield. The availability of liquidity within the pool is a requirement for this action.
Users might have to wait if the loan pool is severely overutilized. This might be done until yield farmers use less debt or until the lending pool receives more assets.
About Us
Olive Finance stands at the forefront of decentralised finance (DeFi), introducing enhanced yield farming opportunities with a leverage of up to 10x for LP token enthusiasts.
Learn more about us
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Originally published at
www.oliveapp.finance
