Ares Mining

Ares token is the reward token of Olympus ecosystem. we call every user action that would result in getting Ares tokens minted an action of Ares mining.

Olympus rewards investors with Ares tokens for their actions that would benefit the platform, that is why we call the Ares token a reward token. These actions are: Compounding Vault deposit rewards, Buying deposits from Auction and Providing liquidity which pays the most Ares.

Ares token is designed to reward the investors for their contribution toward Olympus success.

Features that mint Ares Token

• Yield Farming: 3% and up to 18% worth of staking liquidity token in Apollo tokens which is grately based on the duration of Yield Farming stake: When a new stake is created, Ares Tokens will get minted and added to the Yield Farming Reward Pool.

• Vault compounding: 1.5% of the compounding Apollo amount. When a stake owner compounds their stake rewards, they will receive Ares tokens as reward.

• Buying vault deposits from auction: 1.2% from of Apollo tokens of the bought Auctioned deposit. By buying an auctioned deposit from Auction you will also be rewarded with Ares tokens equal to a percentage of the value of buying Deposit in Apollo.

What is Ares used for?

Ares tokens can increase the vault deposit return (DRP) by 0.6%. basically when creating a vault deposit investors can burn a certain amount of Ares tokens which is based on their deposit amount to increase their deposit's DRP.

Ares Swapping

Investors can swap Ares-Solana from the provided PancakeSwap widget in the Swap, The swapping includes a small Taxes which all goes directly to Yield Farming reward pool. All the Ares tokens and it's liquidity is 100% user provided except the very initial liquidity.