How does OliveDAO work?
A step by step breakdown of how OliveDAO provides liquidity to web3 protocols
OliveDAO enables users to provide liquidity without bearing the risk of impermanence loss while providing web3 projects with an everlasting source of sustainable, low-cost liquidity for their project tokens.
These are the few steps with which OliveDAO provides liquidity to web3 protocols.
Step 1: Liquidity Providers deposit single-sided assets into Individual Asset Jars and earn yield in the form of OLIVE emissions.
These Asset Jars could be Quote Jars i.e. ETH, USDC, USDT, DAI etc or Base Jars voted in by the community such as QUICK, SOL, MATIC, SUSHI, UNI more.
Step 2: Once there are enough assets in an Asset Jar, LDs can stake their veOLIVE tokens into individual Asset Jars and vote to direct the liquidity to an exchange of their choice. LDs also earn yield in the form of OLIVE Tokens.
At present, OliveDAO supports liquidity provisioning to DEXs, but in future, we plan to support:
  1. 1.
    Money Markets
  2. 2.
    Passive Income & Investment Products
  3. 3.
    Staking
  4. 4.
    Liquidity Mining & Yield Farming platforms
  5. 5.
    CEXs
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