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olimpio ⚡️@olimpio·Feb 07

AIRDROP STRATEGY: OliveYield 🫒

@ 0xOlive is a DeFi protocol where you can deposit crypto and earn yield with their vaults and strategies. Similar to Ribbon Finance

Remember the $RBN airdrop? It was worth 30,000 USD to some

🧵Thread: how to potentially get an $OLIVE airdrop 🪂

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✅ What is Olive?

A DeFi protocol that operates vaults generating yield to users

✅ How does the yield generate?

With DeFi Vault Strategies. 2 types of vaults:

• Covered call (yield in crypto. Deposit WBTC, earn WBTC)

• Put sell (yield in USDC. Deposit USDC, earn USDC)

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✅ $OLIVE token?

Their token is already confirmed, 40% is destined for the community.

This 40% can be used for Community Rewards such as:

• Trading rewards

• Staking

• Liquidity mining

• Airdrops 🪂

🔗 Tokenomics and Docs: docs.oliveapp.finance/olive/tokenomics/olive-token

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✅ $OLIVE airdrop? 🪂

Unlike the token, no airdrop has been confirmed yet.

There are hints in their docs, however, that some of the 40% destined for the community might be used to airdrop early users.

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✅ Airdrop strategy ⚡️

  1. Go to Olive:

🔗 bit.ly/3DNC0tL (olimpio's referral link, helps me a lot)

🔗 bit.ly/40ADBgf (no referral link)

  1. Choose a vault

  2. Deposit funds to earn yield

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✅ Risks 🚨

It's important to know that sometimes the vaults lose money!

Olive shows "Success Rate": the percentage of weeks that the vaults were profitable

There's also "How it works", where you can see exactly how a vault works and how the yield generates

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✅ Investors:

• Polygon Founders

• Jump Crypto

• Defi Alliance

✅ Metrics

TVL: 2.6M

Audited: Yes 🔗 github.com/peckshield/publications/blob/master/audit_reports/PeckShield-Audit-Report-Olive-v1.0.pdf

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✅ Put selling: some basic info

• Assumption: the market will go up / sideways

• Obligation: buy the asset at the strike price

• When do you earn? You want the asset price to be above the strike price by the time vault expires. That's when you get paid.

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✅ Covered calls: some basic info

• Assumption: the market will go down / sideways

• Obligation: sell the asset at the strike price

• When do you earn? You want the asset price to be below the strike price by the time vault expires. That's when you get paid.

⚡️

Post by @olimpio.lens