illuminary (@illuminary) • Hey

Ethereum, Layer 2, DeFi, and NFT's

Stats

Publications

not without unsuccessful experiments =D #moonbirds
I just voted "Support Crypto" on "We want to innovate in America" https://snapshot.org/#/crypto435.eth/proposal/0xf9628ebee2878f5667aa018537eda2266c085d58772bd6ee562899189657c07e #snapshotlabs
**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. ⚡️
Honestly it feels so electric to experience web 3's take on social media through lenster. It feels like we are getting quite close to envisioning what the future might look like. Reminds me of the early internet. Dial-up allowed us to imagine a future of a more connected world, and broadband internet unlocked that future and made it a reality. I wonder what technology needs to be unlocked in web 3 to make a similar leap.