In the bowl of a stand mixer combine the yeast and 1 cup of the water. Let the yeast proof for a few minutes until foamy.
Add in the flour, salt, and remaining water and with the mixer set on a low-medium speed mix to form a shaggy dough.
Pour in the olive oil and continue beating for 30-60 seconds to combine. Let the dough rest for 5 minutes.
Increase the mixer speed to medium-high and mix for an additional 30-60 seconds. The dough should be soft and smooth and a bit sticky to the touch.
On a clean countertop spread 1 teaspoon of olive oil to cover about 15 inches diameter. Turn the dough out onto the counter. Stretch & fold the dough 2-3 times, then let the dough rest for 5 minutes, covered, on the counter.
Repeat the stretch, fold, and 5 minute rest process 2 more times, adding the olive oil in 1 teaspoon increments as needed.
After the final stretch and fold place the dough in a lightly oiled bowl.
Cover with plastic wrap and place in the refrigerator for at least 8 hours, preferably overnight, or up to 72 hours.