Airdrop FAQs

What is the Olive Airdrop Program?

Olive is running a deposit program before its mainnet release. Depositing ETH, LSTs, LRTs, and other whitelisted assets will earn users points which will convert to airdrops at the time of TGE.

There is no lock-up period. You can withdraw your assets anytime you need them.

How much yield and points am I earning?

Depending on which asset(s) you have deposited, you will be earning staking yield, restaking yield, EigenLayer Points, LRT points, US T-Bill yield, and Olive Points.

Is there a minimum deposit amount to earn Points?

No. There is no minimum deposit amount to earn Points. You can deposit as low as 0.01 ETH and as high as 10,000 ETH.

Are the contracts safe? How do I know my assets are safe?

Olive chain is built on an audited, and battle-tested Arbitrum code base. Deposit contracts are audited by top-ranking auditors at C4 Arena.

While depositing in Olive, your assets are not tampered with, and no additional risk is incurred. You continue to farm your existing rewards, boosted LRT points, and Olive Points.

You can view the audit reports here.

What are EtherFi, Renzo, KelpDAO, Lido, Puffer?

EtherFi is a non-custodial liquid restaking protocol that stakes ETH for the natively restaked liquid eETH.

Renzo is a liquid restaking protocol and strategy manager for EigenLayer. It is the interface to the EigenLayer ecosystem securing Actively Validated Services (AVSs) and offering a higher yield than ETH staking. Renzo’s LRT (liquid restaking token) is called ezETH.

KelpDAO is an LRT solution on EigenLayer for Ethereum. rsETH — issued by KelpDAO — offers liquidity to illiquid assets deposited into restaking platforms such as EigenLayer.

Lido is the leading liquid staking solution, allowing users to stake ETH and earn native rewards while benefiting from access to liquidity to use in other DeFi projects.

Puffer is a decentralized native liquid restaking protocol built on EigenLayer. pufETH – the yield-bearing staked ETH with Puffer – accrues native PoS rewards immediately without having to rely on a node operator’s long-term performance.

How do I earn more points?

You can earn more points by increasing your deposited amount, inviting your frens, referring depositers, and participating in on-chain partnership dapps.

Can I deposit native ETH?

Yes. You can deposit native ETH.

Is there any lockup on my deposited assets?

No, there is no lock-up. You can withdraw your assets anytime you need. However, your assets will stop earning further Olive points upon withdrawal.

What happens when Olive mainnet is launched?

Olive will bulk provision all user accounts on Olive mainnet. Deposited assets will be automatically bridged for users to have liquidity on the Olive chain.

Users can use bridged assets to participate in ecosystem projects or they can bridge them back to L1 / L2 chain in 1:1 ratio.

What happens to my Olive V1 & V2 points?

Existing users of Olive V1 and V2 will get their accrued points rolled into Olive chain points. Olive V1 users will get 1:1 points while Olive V2 users will get normalized points as Olive V2 was on testnet and no actual assets were used in the testnet contracts.