Olive Finance

Olive Finance is a multichain decentralized finance (DeFi) protocol running on Ethereum, Arbitrum and Polygon with leverage up to 10x.

The project allows users to earn passive income from idle assets with an annual APY of over 30%. A Vault with different return to risk ratios is planned so that users can invest assets.
The user's assets will then be processed in the protocols associated with Olive Finance.

Moreover, the initial assets of the user are still guaranteed due to the separation of profit and capital for reinvestment.

Olive Finance has officially deployed the Tier 2 scaling solution on Ethereum on the Arbitrum network, and the first supported asset is GLP, which is currently the largest liquidity pool on the Arbitrum network developed by GMX.

The project successfully raised $1.5 million from Jump Capital, DeFi Alliance, Hashed, Alan Howard, Smape in a seed round and $3 million in a Strategic Round with LedgerPrime, QCP Capital, Morningstar Ventures, LUX Capital, CSP DAO.

Updated on: 16/01/2024