Sanj (@andcryptonic) • Hey

I came, I saw, I degen. LFGGGGG

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Trynna do the yasai quests
**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 🪂 1/8 ✅ 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) 2/8 ✅ $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: https://docs.oliveapp.finance/olive/tokenomics/olive-token 3/8 ✅ $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. 4/8 ✅ Airdrop strategy ⚡️ 1. Go to Olive: 🔗 https://bit.ly/3DNC0tL (olimpio's referral link, helps me a lot) 🔗 https://bit.ly/40ADBgf (no referral link) 2. Choose a vault 3. Deposit funds to earn yield 5/8 ✅ 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 6/8 ✅ Investors: • Polygon Founders • Jump Crypto • Defi Alliance ✅ Metrics TVL: 2.6M Audited: Yes 🔗 https://github.com/peckshield/publications/blob/master/audit_reports/PeckShield-Audit-Report-Olive-v1.0.pdf 7/8 ✅ 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. 8/8 ✅ 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. ⚡️
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