Dear OLIVE holders on Avalanche Chain, today we are super happy to be able to offer a new Olive Garden Pool.
The Olive Garden CYCLE Pool:
Stake OLIVE tokens, to earn CYCLE tokens!
Total Tokens: 1,800 CYCLE
Distribution duration: 500,000 blocks, approx. 34 days
Start: July 27th 14:00 UTC
Token rewards per block: 0,0036 CYCLE
Token address: 0x81440C939f2C1E34fc7048E518a637205A632a74
In order to host the CYCLE Olive Garden Pool, we will need to provide a CYCLE-AVAX farms that will have 0.1x OLIVE rewards.
What is CYCLE PROTOCOL?
The Cycle Protocol is a yield optimizer containing vaults and a liquidity mining program.
Each vault aggregates deposits into an underlying strategy which in turn deposits into a 3rd party liquidity mining program. The rewards earned from this aggregate deposit will be ‘harvested’ back into the principle strategy deposit, compounding continuously.
The Cycle Protocol differentiates itself by attaching its own reward program to each vault. Instead of the depositor being minted vault shares, those shares are deposited into a reward contract on behalf of the depositor and CYCLE token rewards will be earned.
The vaults are also differentiated by adding an ease of access and exit mechanism. Participants can choose to deposit and withdraw AVAX directly, only incurring a slightly higher gas fee and having to pay the AMM swap fees. Under the hood, the AVAX is wrapped, split into the necessary tokens, provided as liquidity and then the resulting amount of liquidity tokens are deposited into the vault. This saves the time and pain of having to manage multiple tokens, swaps and approvals.
CYCLE token holders are the owners of the protocol and eventually will be the sole source of decision making power when determining which proposals to integrate. The maintenance and control of the protocol will remain with the core development team during the initial phase with the plan to transfer to a Gnosis Safe as soon as it is appropriate.
The CYCLE token will have an initially minted supply of 300,000.
90% Liquidity mining program
1% Initial liquidity
CYCLE PROTOCOL Social Media
How do you stake OLIVE to earn CYCLE rewards?
If you own OLIVE tokens, congratulations! You’re the master of Olive Garden. Time to become rich and start with learning how to stake OLIVE with Olive Garden Pool.
- Visit this webpage: https://avax.olive.cash/pools
- Click “Approve OLIVE” on the CYCLE Olive Garden Pool.
- Click on the stake button.
- Confirm the transaction!