In the rapidly evolving world of DeFi, innovation and complexity often go hand in hand. As we stand on the brink of a new era in blockchain technology, understanding the current DeFi scenario is crucial for appreciating the transformative potential of Olive - a chain poised to redefine user experience and accessibility in the DeFi space.

DeFi has emerged as a revolutionary force, challenging traditional financial systems by offering decentralized alternatives for lending, borrowing, trading, and yield generation on cryptocurrencies. Built primarily on Ethereum, the DeFi ecosystem has expanded to encompass a diverse range of blockchains and protocols, each contributing to a global, open financial system.

However, this rapid growth has not been without its challenges. High transaction fees, complex user interfaces, and scalability issues have become significant barriers to entry for many users. Ethereum's gas fees, in particular, have seen dramatic fluctuations, often making transactions prohibitively expensive during peak times. This volatility underscores a critical need for solutions that can offer both scalability and affordability without compromising on security or decentralization.

One of the most pressing issues in DeFi today is the accessibility and efficiency of transactions. DeFi promises to offer a financial system that is open to all, yet the reality of high gas fees and complex transaction processes has limited this potential. For newcomers and small bag holders, the DeFi space can be daunting, with the technical knowledge required to navigate different protocols and the financial burden of transaction fees posing significant hurdles.

Moreover, the Blockchain trilemma — the challenge of achieving scalability, security, and decentralization simultaneously — continues to be a critical issue for blockchain networks. Many existing solutions compromise one aspect in favor of the others, leading to a fragmented ecosystem where users must choose between speed, cost, and security.

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 its core. It is 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 a settlement layer, Olive can reduce its cost by 1000x and 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:

1. Gasless Transactions

2. Native staking & restaking yield

3. Ultra-low block time (~0.26 secs)

L1s and L2s have made significant technological advancements in recent years, which allowed for many great products to be built. However, they failed to provide a seamless user experience which is the linchpin for mass adoption.

Olive plans to improve upon previous ideas by offering devs gasless transactions while solving for UX via smart accounts for social logins & connected sessions.

EOA and smart contracts without account abstraction will still work on Olive and will require $OLIVE gas tokens. However, we encourage app developers to include our free account abstraction SDK in their app to offer gasless transactions to their users.

There are many liquid staking tokens (LST) and liquid restaking tokens (LRT) on the market, and the demand for these tokens is ever increasing. Olive bridge supports bridging ETH, LST & LRTs to Olive. ETH will be deposited in Lido stETH contract while LST & LRTs will be bridged without any tampering.

For ETH & LSTs, Users will natively:

• Earn 4% staking yield

• Get diversified exposure to different liquid staking providers and tokens

LRT's on the other hand are increasing area of interest and will continue to grow and capture mindshare and marketshare on the back of EigenLayer's AVS technology.

LRT Users will natively:

• Earn 4% in staking yield

• Earn restaking yield

• Earn EigenLayer points

• Get diversified exposure to different liquid restaking providers and tokens

Stablecoin deposits onto Olive will be staked in Mountain Protocols USDM, a regulated yield-bearing stablecoin issuer backed by US treasuries. By holding stablecoins on Olive, user's will natively earn the current 5% US treasury yield. By integrating Mountain Protocol's USDM, Users from around the globe can now get exposure to US treasury bills. You can read more about Mountain Protocol here.

Manta Network and a few other institutional firms use Mountain Protocol for US treasury yield

Olive is built with the functionality to fully subsidize devs transaction fees. As Olive transaction fees are negligible, app developers can integrate with Olive paymasters for gasless transactions. The Olive team will publish docs for developers to permissionlessly integrate gasless transactions functionality into their applications.

The Olive team will work with you to offer a gasless experience to your users. If you need help, don't hesitate to reach out to us on our Discord server.

Account Abstraction:

Olive offers account abstraction out of the box. This allows app developers to provide a web2-like experience where users don’t have to approve and pay for each transaction in a session.

Smart accounts greatly enhance the UX, provide session keys so that power users don’t have to approve each transaction. Smart accounts enable users to access defi apps using their familiar email ID, phone number, and device keys; enable 2FA and allows account recovery in case of a device/password loss.

The "Olive Staking Saga" Campaign sets the stage for the Olive Chain, enabling asset staking on Ethereum and Arbitrum Mainnet. This pre-launch event allows for staking of various tokens with no lock-in period, offering rewards like Olive and Eigen Layer Points, plus staking APYs. A unique reward system levels the playing field, rewarding early participants significantly. The campaign also features a referral system, with "Olive spins" providing additional points, fostering a vibrant, early adopter community.

Subscribe now to stay updated! in the next entry, we’ll do in-depth and understand how you can make the most out of “Olive Staking Saga”.

In the rapidly evolving world of DeFi, innovation and complexity often go hand in hand. As we stand on the brink of a new era in blockchain technology, understanding the current DeFi scenario is crucial for appreciating the transformative potential of Olive - a chain poised to redefine user experience and accessibility in the DeFi space.

DeFi has emerged as a revolutionary force, challenging traditional financial systems by offering decentralized alternatives for lending, borrowing, trading, and yield generation on cryptocurrencies. Built primarily on Ethereum, the DeFi ecosystem has expanded to encompass a diverse range of blockchains and protocols, each contributing to a global, open financial system.

However, this rapid growth has not been without its challenges. High transaction fees, complex user interfaces, and scalability issues have become significant barriers to entry for many users. Ethereum's gas fees, in particular, have seen dramatic fluctuations, often making transactions prohibitively expensive during peak times. This volatility underscores a critical need for solutions that can offer both scalability and affordability without compromising on security or decentralization.

One of the most pressing issues in DeFi today is the accessibility and efficiency of transactions. DeFi promises to offer a financial system that is open to all, yet the reality of high gas fees and complex transaction processes has limited this potential. For newcomers and small bag holders, the DeFi space can be daunting, with the technical knowledge required to navigate different protocols and the financial burden of transaction fees posing significant hurdles.

Moreover, the Blockchain trilemma — the challenge of achieving scalability, security, and decentralization simultaneously — continues to be a critical issue for blockchain networks. Many existing solutions compromise one aspect in favor of the others, leading to a fragmented ecosystem where users must choose between speed, cost, and security.

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 its core. It is 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 a settlement layer, Olive can reduce its cost by 1000x and 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:

1. Gasless Transactions

2. Native staking & restaking yield

3. Ultra-low block time (~0.26 secs)

L1s and L2s have made significant technological advancements in recent years, which allowed for many great products to be built. However, they failed to provide a seamless user experience which is the linchpin for mass adoption.

Olive plans to improve upon previous ideas by offering devs gasless transactions while solving for UX via smart accounts for social logins & connected sessions.

EOA and smart contracts without account abstraction will still work on Olive and will require $OLIVE gas tokens. However, we encourage app developers to include our free account abstraction SDK in their app to offer gasless transactions to their users.

There are many liquid staking tokens (LST) and liquid restaking tokens (LRT) on the market, and the demand for these tokens is ever increasing. Olive bridge supports bridging ETH, LST & LRTs to Olive. ETH will be deposited in Lido stETH contract while LST & LRTs will be bridged without any tampering.

For ETH & LSTs, Users will natively:

• Earn 4% staking yield

• Get diversified exposure to different liquid staking providers and tokens

LRT's on the other hand are increasing area of interest and will continue to grow and capture mindshare and marketshare on the back of EigenLayer's AVS technology.

LRT Users will natively:

• Earn 4% in staking yield

• Earn restaking yield

• Earn EigenLayer points

• Get diversified exposure to different liquid restaking providers and tokens

Stablecoin deposits onto Olive will be staked in Mountain Protocols USDM, a regulated yield-bearing stablecoin issuer backed by US treasuries. By holding stablecoins on Olive, user's will natively earn the current 5% US treasury yield. By integrating Mountain Protocol's USDM, Users from around the globe can now get exposure to US treasury bills. You can read more about Mountain Protocol here.

Manta Network and a few other institutional firms use Mountain Protocol for US treasury yield

Olive is built with the functionality to fully subsidize devs transaction fees. As Olive transaction fees are negligible, app developers can integrate with Olive paymasters for gasless transactions. The Olive team will publish docs for developers to permissionlessly integrate gasless transactions functionality into their applications.

The Olive team will work with you to offer a gasless experience to your users. If you need help, don't hesitate to reach out to us on our Discord server.

Account Abstraction:

Olive offers account abstraction out of the box. This allows app developers to provide a web2-like experience where users don’t have to approve and pay for each transaction in a session.

Smart accounts greatly enhance the UX, provide session keys so that power users don’t have to approve each transaction. Smart accounts enable users to access defi apps using their familiar email ID, phone number, and device keys; enable 2FA and allows account recovery in case of a device/password loss.

The "Olive Staking Saga" Campaign sets the stage for the Olive Chain, enabling asset staking on Ethereum and Arbitrum Mainnet. This pre-launch event allows for staking of various tokens with no lock-in period, offering rewards like Olive and Eigen Layer Points, plus staking APYs. A unique reward system levels the playing field, rewarding early participants significantly. The campaign also features a referral system, with "Olive spins" providing additional points, fostering a vibrant, early adopter community.

Subscribe now to stay updated! in the next entry, we’ll do in-depth and understand how you can make the most out of “Olive Staking Saga”.