Mastering Olive v2: A Testnet Manual for two Airdrops (Thread)
Mastering Olive v2: A Testnet Manual
@0xOlive has collaborated with @zetablockchain to bring to you Zeta X Olive Incentivised Testnet
Testing out Olive will enhance your chance of securing not only Olive airdrop but Zeta airdrop in the future
Let’s contribute together ✍️
⬇️
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Olive Finance
- Automates yield conversion into LP tokens
- Optimizes and auto-compounds returns
10x leverage for LP token holders
Leveraged capital sourced from over-collateralized lending vaults
A win-win
Lenders earn passive income while empowering leveraged LP farmers
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Checklist
Step 1 Gearing up to start
Use my code to jump on board
https://oliveapp.finance/?ref=m46hjLtf
- Click on Connect Wallet
- Enter invite code: LYFmadeEasy
- Verify
- You get 500 Olive drops by simply connecting your wallet
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Leveraged Yield Farming (LYF) with Olive
To commence, you need some testnet tokens
Click on Faucet
Mint testnet tokens (I chose Zeta Chains Athens Testnet)
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Interact with the Vault
What all can you do?
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Deposit into Vault
- Click on Vaults
- Head to the ZLP pool
- Click on Invest
- Enter the amount you wish to deposit
- Select your leverage
- Click on Approve and confirm txn
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Withdraw at your convenience
- Click on Withdraw
- Enter the number of otokens you wish to withdraw
- Click Withdraw and confirm txn
PS — no penalties for early withdrawal
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Manage your position
- Click on Manage to adjust leverage easily using the drag feature
- Once you’ve set your preferred leverage hit the Leverage/Deleverage button
- Pay Gas & you’re done
PS — A strong health factor is what will save you from Liquidation
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Lending
- Click on Lend
- Select your pool (I opted for zUSDC)
- Enter the amount you wish to lend (you can see the azUSDC going into the pool)
- Click on approve and confirm txn
Withdrawals are simple
- Just input the desired amount
- Click withdraw and confirm
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Olive Drops
A little something something for the users
Exclusive rewards for testnet users who report bugs & interact with the network
Fill in the form for improvements/suggestions + olive drops
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Olive has multiple campaigns running on @Galxe
Complete the quests here — https://galxe.com/olive
Zeta X Olive Incentivised Testnet
https://galxe.com/olive/campaign/GCu21tUcCW
Other ways to engage and Earn
- Hang on Discord
- Contribute on Dework
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I’ve been playing out various Testnets & sometimes it’s a nightmare
Olive so far has been pretty smooth for the most part
So I suggest you make the most of it as well
More activity = Greater chance of qualifying
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