OLIVE Tokenomics

Olive Finance operates as an open-source DAO (Decentralised Autonomous Organisation), steered by a global community of individuals who possess its governance token, OLIVE. The direction and future of the protocol are shaped through a governance mechanism that includes Executive Voting and Governance Polling, allowing OLIVE holders to have a significant say in its evolution.

The OLIVE token serves as the backbone of the Olive Protocol. It facilitates a range of core functionalities, from leveraged yield farming and lending to staking, governance, and rewards for liquidators.

Designed as an ERC-20 governance token, OLIVE has a capped supply of 1,000,000,000 tokens.

The responsibility of managing pivotal parameters for leveraged yield farming rests with OLIVE holders, emphasising their role in safeguarding user assets. The weight of an OLIVE holder's vote is directly tied to the quantity of OLIVE tokens they've staked. Essentially, a larger amount of staked OLIVE tokens translates to increased influence over decision-making processes.

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