[Olive Finance][DRAFT][STIP- Round 2]

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forum.arbitrum.foundation

TL;DR:

PseudoDesigner proposes to boost DeFi engagement on Arbitrum via Olive V2, a leveraged yield farming protocol, and requests DAO delegates' support for a 500,000 ARB token incentive. The community responds positively, but there are risks if Olive fails to meet certain requirements, potentially affecting its growth and integration with the Arbitrum ecosystem.

What is this about?

This discussion revolves around the proposal by PseudoDesigner to enhance DeFi engagement on Arbitrum through the adoption of Olive V2, a leveraged yield farming protocol1. Olive V2 aims to create a more intuitive, efficient, and versatile platform that meets the evolving needs of the DeFi community1. The proposal includes a request for the support of DAO delegates in approving incentives for Olive V2, with a proposed allocation of 500,000 ARB tokens1. Olive Finance has established strategic partnerships with GMX and Pendle and is exploring synergies with other protocols in the Arbitrum ecosystem1.

How is the community reacting?

The community has shown a positive response to the proposal, with over 30,000 individuals exploring the platform's testnet on Arbitrum1. The Olive team, consisting of 8 members and over 280 community contributors, is dedicated to the success of Olive Finance1. The community is actively involved in the growth and development of Olive Finance, with a focus on user experience, capital efficiency, interoperability, a community-first approach, and a commitment to security and transparency1.

Why this is positive?

The proposal is positive as it aims to drive TVL and user growth on Olive and the Arbitrum ecosystem1. The grant of 500,000 ARB tokens will enable Olive Finance to attract more liquidity providers and organic users to Arbitrum, increasing the TVL by at least $20M1. The platform has set ambitious milestones, including achieving 10M TVL by the end of Q4 2023 and 20M TVL by Q1 20241. The integration of Olive Finance with the Arbitrum ecosystem is expected to foster organic user growth and expand vault offerings through boosted yields and incentives1.

Why this is negative?

While the proposal is largely positive, it does come with certain risks. The Olive team acknowledges that failure to comply with any of the requests, such as creating Dune Dashboards for their incentive program and providing bi-weekly program updates on the Arbitrum Forum thread, can result in the halting of the program’s funding stream1. This could potentially impact the growth and development of Olive Finance and its integration with the Arbitrum ecosystem1.

Posted 2 months ago

Last reply 2 months ago

Summary updated a month ago

Last updated 08/12 04:40