Whats remarkable about the Hidden Gem PlutusDAO project on Arbitrum?
In this article, we will learn about a project that is considered Hidden Gem on the Arbitrum ecosystem, which is PlutusDAO.
Olive Finance is a multichain protocol, currently deployed on Ethereum, Polygon and more recently Arbitrum. The project allows users to earn passive income from their idle assets with an annual APY of more than 30%.
Besides, the project will open Vaults with different profit and risk ratios for users to deposit assets into. After that, the user's assets will be farmed in the protocols associated with Olive Finance. Finally, Olive will continue to bring user profits to farm at Beefy on a 7-day cycle. This is one of Olive Finance's special methods to help users increase their profits by 1.5 times when farming according to Olive's strategies, and the user's original assets are still guaranteed thanks to the separation of profits. and capital for reinvestment.
Recently, Olive Finance officially deployed on Arbitrum network - a Layer 2 scaling solution on Ethereum and the first supported asset is GLP - this is dubbed the largest liquidity pool currently on the network. Arbitrum is developed by GMX.
Olive Finance's products are divided into 2 different parts: Principal Protected Vaults and Non-Principal Protected Vaults.
Principal Protected Vaults
GLP Vault : For the assets in this Vault, Olive Finance will mint them into GLP on GMX to bring profit to users. Besides, Beefy will also automatically transfer users' ETH and esGMX rewards to GLP for profitable Farming.
MVLP Vault : The way MVLP Vault works is similar to GLP Vault. The Beefy project will also automatically convert MATIC and esMVX rewards into MVLP to continue Farming profitably for users.
Non-Principal Protected Vaults
Assets in Non-Principal Protected Vaults will be transferred to farming directly on Opyn with profits ranging from 10% to 30%.
Olive Finance's product development roadmap in the coming months:
Currently, the project has not announced details about the development team. TraderH4 will update the information after the project is announced.
Olive Finance has successfully raised 1.5 million USD from Jump Capital, DeFi Alliance, Hashed, Alan Howard, Smape at Seed round. In addition, the project also successfully raised 3 million USD in the Strategic round with the participation of LedgerPrime, QCP Capital, Morningstar Ventures, LUX Capital, CSP DAO, Key Opinion Leaders.
Currently, the project has not announced specific information about Tokenomics. TraderH4 team will update more information after the announcement from Olive Finance.
Olive Finance's tokens are currently used to vote for governance on proposals for future project changes and improvements.
Above is the information you need to know about the Olive Finance project and a brief overview of the project's Tokenomics. Currently Olive Finance has not launched a token yet, so you can experience the project to be able to receive Airdrop/Retroactive in the future. The TraderH4 team also had an article on how to experience the Olive Finance project. In addition, there are still a lot of Testnet, Airdrop and Retroactive articles on TraderH4.com Website.
If you are interested in Olive Finance, you can follow the project at:
In this article, we will learn about a project that is considered Hidden Gem on the Arbitrum ecosystem, which is PlutusDAO.
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