Olive

Olive

Ethereum layer 3 chain

Related News

Polysynth is now Olive
Medium 2022-11-29
Olive Raises $3 Million Strategic Round
Medium 2022-07-14
Synthetic asset protocol for Polygon raises $1.5M from major investors
Cointelegraph 2021-11-16

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About Olive

Founded

2021

Address

India

Community

Tags

Infra
Restaking
Layer3
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. 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. The predecessor of Olive Network was Polysynth, a decentralized structured derivatives protocol.

Investors

HashedHashed
Morningstar VenturesMorningstar Ventures
QCP CapitalQCP Capital
CSP DAOCSP DAO
SMAPE CapitalSMAPE Capital
Lux CapitalLux Capital
LedgerPrimeLedgerPrime
Jump CapitalJump Capital
Alliance DAOAlliance DAO
Sandeep NailwalSandeep Nailwal
Sanket ShahSanket Shah
Alan HowardAlan Howard
Jaynti KananiJaynti Kanani
Joel JohnJoel John
Rahul DalmiaRahul Dalmia

Fundrasing details

Funding RoundAmountValuation
Date
Investors
Strategic
$3.00M
--
2022-07-14
HashedHashed
Morningstar VenturesMorningstar Ventures
+ 5
Seed
$1.50M
--
2021-11-14
Jump CapitalJump Capital
Alliance DAOAlliance DAO
+ 8