Olive Finance is thrilled to announce the launch of V2 Testnet, a revolutionary upgrade aimed at empowering DeFi enthusiasts to optimise and amplify yield generation.

Leveraged yield farming (LYF) empowers participants and the overall DeFi ecosystem with increased investments and liquidity.

In this article, we will delve into the innovative features and enhancements introduced in the Olive V2 Testnet. Subsequent posts will detail our launch plans and token generation event (TGE) strategies.

Overall Goals of Olive V2 Testnet

• Maximise Yield Generation: Why settle for 3–4% yield when Olive V2 can offer up to 10X higher?
• Enhanced User Experience: Intuitive and user-friendly interface for both novice and experienced users.
• Community-Centric Approach: Focused on creating sustainable and real yield income products, prioritising the needs and preferences of our community.
• Innovative Solutions: Offering unique and effective opportunities for yield optimizers and at the same time reducing impermanent loss (IL).

Features Overview

Olive V2 Testnet is designed to empower users to propose and vote on platform developments, new strategies, and integrations.

The Olive V2 Testnet allows you to get hands-on experience with the latest features and functionalities of the Olive V2. By participating in the testnet, you have a unique opportunity to influence the development of the Olive. Your feedback and insights are invaluable in helping us create a more secure, efficient, and user-friendly platform.

Incentives

As a gesture of our gratitude for your active involvement, we’ve set aside special rewards exclusively for testnet users. The extent of your rewards will be based on your contributions to the success of the testnet.

You can contribute to our testnet in the following ways:

• Dive deep into Olive V2, and if you spot any glitches, let us know. The critical the bug, the greater your impact. Report any issues or share feedback here.
• Spread the word and invite others to join the Testnet adventure. A larger user base means more comprehensive testing for our protocol.

Need guidance? Check out our Testnet Guide for a step-by-step walkthrough.

Stay Tuned for More Updates

Please stay connected with all the official Olive’s channels for upcoming plans for our fundraising event and launch partners.

About Olive Finance

Olive Finance stands at the forefront of decentralised finance (DeFi), introducing enhanced yield farming opportunities with a leverage of up to 10x for LP token enthusiasts.

This unique approach allows yield farmers to amplify their returns on preferred LP tokens. The underlying capital for these leveraged positions is sourced from dedicated lending vaults. In these vaults, lenders contribute their cryptocurrency assets, which are then accessible for LP vaults to borrow.

In return, lenders accrue passive income, ensuring a win-win ecosystem