Airdrop

Olive Network: The Modular L3

Olive Network is a secure, developer and user friendly Ethereum layer 3 chain designed to be fully EVM compatible and built with native ETH staking and restaking at it's core. Its built using Arbitrum Orbit tech stack for best in class speed & performance (avg. block time ~0.26 secs).

By leveraging Eigen DA for data availability and Arbitrum L2 as settlement layer, Olive is able to reduce its cost by 1000x and able to offer devs gasless transactions, improving end user experience by 1000x.

Olive's mission is to bring the benefits of Ethereum to the masses and make Ethereum's EVM accessible to people coming from different economies around the globe. Offering gasless transactions, fast finality and the security of Ethereum is just a step in that direction.

Key Advantages of Olive Network:

1. Gasless Transactions
2. Native staking & restaking yield
3. Ultra-low block time (~0.26 secs)

Olive points are meant to reward users who contribute to the success of the protocol. Starting with the Olive beta mainnet launch on 29th March, 2024, every participant in the Olive ecosystem will receive points. The number of points will vary on the time duration and nature of participation.

The first way of receiving points will be by depositing ETH, LST & LRTs in Olive mainnet contracts.

In addition, users will receive boosts for early participation.

Olive is also offering up to 3x Boost per Asset for the early depositors.

Every deposit on every chain (Ethereum Mainnet, Arbitrum etc) will receive Olive (boosted) points. Points will accumulate to your address and will show up in your airdrop dashboard.

Devs take random snapshots in each epoch to record the deposited amount. Snapshots are taken randomly during the epoch to prevent front-running.

Note: Olive has reserved 1.5 Bn tokens (15% of total supply) for airdrop to early adopters.

Referral Rewards

Earn extra Olive points by inviting other users who deposit ETH, LST, LRTs etc into Olive

For more info see here