Earlier this month, Balancer deployed an OETH/WETH pool, further expanding where Origin Ether can be traded in DeFi.
We’re excited to announce that this pool can now be incentivized, following the passage of a successful governance proposal. The addition of a Balancer gauge allows liquidity providers to earn BAL rewards in addition to trading fees from liquidity mining.
Further, incentivizing the pool can serve to deepen liquidity and make OETH’s peg even more resilient.
Incentivizing the OETH/WETH pool will open the door for new strategies using these mechanics – Origin Ether has already entrenched itself in the Curve/Convex ecosystem with a similar approach. Broadening OETH’s presence on Balancer unlocks exciting new yield avenues via AURA, the protocol’s Convex equivalent.
With more integrations and mechanics on the horizon, OETH is rapidly becoming a composable money Lego with versatile utility across DeFi.
Discover how OETH can help you stack ETH faster: app.oeth.com
Join the Origin DeFi DAO in shaping the future of yield: OGV Dashboard
