Olive is committed to fostering active participation within its ecosystem. To achieve this, we've established a range of reward mechanisms that incentivises users to engage in various protocol activities. Here's a breakdown of the rewards system:
Yield Farming Rewards
Activity: Users can deposit their LP tokens (with or without leverage) to engage in leveraged yield farming.
Reward Mechanism: Yield farmers are awarded esOLIVE tokens. The amount they receive is directly proportional to the oTokens they've minted.
Activity: Users can supply their cryptocurrency assets to the lending pools.
Reward Mechanism: In return for their contribution, lenders are granted esOLIVE tokens. The amount they receive is directly proportional to the aTokens they've minted.
Activity: Users can contribute to the OLIVE-ETH liquidity pool.
Activity: Users have the opportunity to refer other individuals to the Olive platform.
Reward Mechanism: As the referred users actively participate and contribute to the protocol, the referees are rewarded. These rewards are granted based on the achievement of specific protocol milestones and are distributed periodically.