ahble (@vandal0x) • Hey
GLHF
Publications
- **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.
⚡️
- gm
- Thanks @spaceminer.lens for some great feedback and issues reports in the past week. Fixed all of them. 🙌
https://roadmap.lenstube.xyz/
- A New @lensprotocol @lenster.lens Quest was added!
Pond of Phi - Create a land with "lens.[your ens].eth" (e.g. lens.vitalik.eth) & Set the Lenster Baseplate.
Let's connect the lands with lens.[your ens].eth to a single view, which can represent Lens World🌿🌍
Claim New Qust Object!↓
http://quest.philand.xyz/items/0x3D8C06e65ebf06A9d40F313a35353be06BD46038/104801