They say crypto never sleeps, and this year was proof of that. As the dust settles on 2024, we’re taking a moment to reflect on how Origin Protocol has evolved and the impact we’ve made on the broader industry.
With TVL near all-time highs, a growing list of integrations, and increasing protocol revenue, 2024 was the year that Origin solidified its position as a leader in secure, multichain DeFi yield. Let’s dive into Origin’s breakout moments in 2024 below.
Super OETH took center stage in Q3, launching on Base and quickly becoming a top-10 protocol by total value locked on the network. Achieving more than twice the yield of traditional LSTs, Super OETH has attracted thousands of users and 9-figures in deposits. With a circulating supply above $130 million, Super OETH has become Origin’s largest product by revenue accrual to the OGN DAO and 2nd largest product by TVL.
OETH also showed strong growth through 2024, adding over $60 million to its total value locked. After transitioning Origin Ether to a true liquid staking token in Q3 2024, we saw increased integrations from top protocols, especially lending markets. Origin Ether’s TVL growth came from new integrations, additional chain support, and Super OETH collateral held in OETH.
Earlier this year, Origin Ether went multichain with its debut on Arbitrum. Wrapped OETH made its way to Arbitrum utilizing Chainlink CCIP for secure cross-chain transfers, and adoption was incentivized by Arbitrum’s long-term incentives program. Since launching on Arbitrum, wOETH gained major integrations with top protocols, such as Balancer, Gyroscope, Dolomite, and Silo.
In Q4, Origin’s Automated Redemption Manager (ARM) opened its ETH Vault to the public, quickly gaining $10 million in deposits. The ARM offers instant liquidity on stETH with zero slippage, allowing stETH holders a way to exit their positions at extremely low costs. LPs in the ARM ETH Vault generate yield from passive arbitrage of stETH, earning a 30-day trailing APY above 8.5% that considerably beats staking ETH on the Beacon chain.
The ARM ETH Vault’s integrations with platforms like 1inch and CoWSwap have solidified its role as a key piece of DeFi infrastructure, driving over $1 billion in stETH/ETH volume and becoming a top-10 contract for stETH redemptions. By providing liquidity, reducing friction, and enabling arbitrage opportunities, the vault has not only empowered users but also strengthens the efficiency of the broader liquid staking space.
This year, Origin reached a new all-time high in circulating supply on its yield-bearing tokens. Surpassing the previous high of $298 million, Origin’s products now have a total value locked above $320 million.
Origin’s product suite is becoming increasingly valuable with over $6.4 million in yield distributed to users of Origin’s products this year. Of this, around $3.2 million was distributed to OETH holders while around $2.4 million was distributed to holders of Super OETH. This marks close to a 3x year-over-year increase in yield distributions.
Origin’s presence across DeFi reached new highs in 2024, with notable integrations and partnerships across Ethereum Mainnet, Base, and Arbitrum. Origin deepened its integrations with top protocols such as Chainlink, Pendle, Morpho, and EigenLayer, further solidifying Origin’s products across DeFi. Moreover, lending markets saw impressive growth for OETH and Super OETH, with over $40 million in value locked across Morpho, Silo, Ionic, and other lending markets.
The assets under the OGN DAO’s control grew considerably in 2024. The OGN DAO has continued to acquire and vote-lock CVX, which has appreciated nearly 150% in Q4. In November, the OGN DAO was rewarded for its Morpho integration and received 770,000 MORPHO worth over $2 million.
The OGN DAO’s growing treasury grants us the opportunity to further the growth of OGN by utilizing these assets for strategic initiatives. OGN stakers can vote to use these assets to fund buybacks, increase staking rewards, or incentivize the growth of Origin’s products.
Alongside this growing pool of funds, the value proposition for staking OGN has strengthened with increased protocol revenue. Total protocol revenue surpassed $3.5 million this year, with an annualized run rate of $4.5 million. This marks a 360% year-over-year increase in protocol revenue, which accrues to the OGN DAO and xOGN.
As we close out 2024, we’re incredibly proud of the milestones we’ve achieved and the momentum we’ve built. From record-breaking TVL and protocol revenue to groundbreaking integrations across multiple chains, Origin Protocol has not only grown but also redefined what’s possible in DeFi yield.
Looking ahead, 2025 promises to be a year of even greater innovation and expansion. With a growing community, a robust treasury, and a clear vision, we’re poised to make an even bigger impact in DeFi. We can't wait to share what's next on our journey – to follow along with us as we build in public, we invite you to join our community on Discord.
We’re excited to reveal a new feature that delivers greater utility for OS, OUSD, OETH, and Super OETH: Yield Forwarding.
Yield Forwarding rethinks how yield-bearing tokens can be utilized in smart contracts, such as those powering AMMs. With Yield Forwarding, protocols can now direct yield from Origin’s rebasing tokens to continually fund their growth initiatives.
Let’s dive into Yield Forwarding, its use cases, and our broader vision for how yield-bearing tokens can be leveraged across DeFi.
With Yield Forwarding, protocols can route the yield from Origin’s rebasing tokens to approved smart contracts.
By default, Origin’s yield-bearing tokens held in smart contracts do not rebase. With Yield Forwarding, protocols can submit proposals to the OGN DAO to direct yield from OS, OETH, Super OETH, and OUSD held in AMMs to other smart contracts. By doing so, yield earned on these tokens can be used for various purposes, offering a new source of revenue for protocols that implement Yield Forwarding.
While we’ve only begun to scratch the surface of what Yield Forwarding can be used for, one of the most exciting use cases is funding incentives on AMMs. By using Yield Forwarding to fund incentives on liquidity pools, protocols will be able to increase pool APYs, attracting deeper liquidity for their token pair.
Typically, protocols pair their token with WETH, OS, or stablecoins in liquidity pools, but these funds largely sit idle. Using Yield Forwarding, protocols can increase the capital efficiency of their liquidity pools by pairing with Origin's yield-bearing assets. Yield generated by Origin’s rebasing tokens in these pools can be used to automatically incentivize liquidity pools for heightened LP rewards.
Note that Yield Forwarding has many other potential applications including funding a protocol’s treasury, funding staking rewards, DCA'ing into tokens, and beyond. Protocols can earn substantial yield on their ETH and stablecoin holdings by implementing Yield Forwarding, allowing them to extend their runway and fund future initiatives.
While protocol revenue has grown significantly since the launch of Super OETH, we believe Yield Forwarding can be the next catalyst for growth for the OGN DAO.
Various new AMMs will integrate Yield Forwarding, attracting new TVL to Origin. As TVL scales, so too will the fees generated for the protocol, further reinforcing OGN's role as the value-accrual token of Origin’s product suite.
Several projects we are collaborating with manage 8+ figures of TVL, and initial conversations around Yield Forwarding have been promising.
In the coming weeks, we’ll be announcing our Yield Forwarding launch partners on X. These integrations will introduce new OETH, Super OETH, and OUSD pools, further enhancing liquidity and driving TVL growth for Origin’s tokens.
As we continue to scale, our focus remains on creating innovative solutions that benefit both Origin token holders and the broader ecosystem. Yield Forwarding is just the beginning, and we’re excited to see how this new feature will shape how yield-bearing assets will be used in DeFi.
We have big ambition for Super OETH: to introduce a new class of Supercharged LSTs on L2s that offer users deep liquidity, an extremely tight ETH peg, and increased yield.
We’ve successfully brought this vision to life on Base through our integration with Aerodrome. In just its first three months Super OETH has accomplished:
And this is just phase one of our roadmap.
Our team has been hard at work on phase two of our roadmap, which harnesses Yield Forwarding. Yield Forwarding is a new feature that allows yield from Super OETH, OETH, and OUSD held in smart contracts to be forwarded to a designated address.
This has a killer application when it comes to growing an AMM, and we envisioned launching it on Aerodrome.
Imagine the yield from Super OETH in any Aerodrome pool being used to automatically incentivize that pool. This design is extremely bullish for the Aerodrome ecosystem as it would increase pool APRs and attract liquidity across a wide range of assets. It would also mean a constant stream of incentives flowing from mainnet Ethereum staking rewards to veAERO holders.
On November 21st, Aerodrome published its new guidelines for AERO incentives, impacting all projects integrated with Aerodrome’s AMM.
As part of the new guidelines:
We are working in close collaboration with the Aerodrome team on a path forward that abides by the new guidelines.
Steps are being taken to ensure Super OETH qualifies for connector token status, unlocking the full potential of Yield Forwarding to generate substantial value for both the Origin and Aerodrome communities.
We remain committed to our vision for Super OETH across L2s and the massive potential of Yield Forwarding across OUSD, OETH, and Super OETH.
We will be pushing forward the development of Super OETH and Yield Forwarding across DEXs and L2s where they can combine to create virtuous flywheel effects.
Thank you for trusting us on this journey. Together, we will continue to shape the future of liquid staking on Base and beyond.
Sincerely,
The Origin Protocol Team
Every month, the Origin team publishes an update to our token holders and the broader community. We hope you enjoy our November 2024 edition.
Welcome back to another Token Holder Update! We’ll be covering a lot in this month’s update, so take a seat, grab your reading glasses, and get ready to learn about everything Origin worked on in November. Before we begin, here’s a birds-eye view of last month’s accomplishments:
Without further ado, let’s dive into these updates and more in Origin’s latest Token Holder Update.
During last week’s community call, we announced a groundbreaking feature that will soon be supported by OUSD, OETH, and Super OETH. Yield Forwarding is a new primitive that allows for greater flexibility on yield-bearing tokens, expanding the utility for LSTs and various other yield-generating assets.
Yield Forwarding rethinks how yield can be leveraged on AMMs. By implementing Yield Forwarding, our rebasing tokens can route yield to approved contracts, allowing protocols to distribute yield to their community, auto-incentivize liquidity pools, or help fund the project’s runway.
We’ve talked to several top protocols to implement Yield Forwarding, with our launch partners to be announced on X in the coming weeks.
The OGN DAO treasury grew substantially last month, largely due to the recent MORPHO unlock and appreciation of Convex (CVX).
As early adopters of Morpho, the OGN DAO received a substantial share of the initial MORPHO rewards allocation. Morpho unlocked its token on November 11th, and the OGN DAO received over 770,000 tokens worth $1.01 million at the time of writing.
The OGN DAO’s Convex (CVX) holdings also saw strong growth, appreciating over 205% in November. With over 277,000 CVX in its treasury, the OGN DAO’s CVX holdings ended the month with a valuation north of $1.3 million. In addition to the DAO’s growing CVX position, the protocol has accumulated substantial amounts of both veAERO and AERO from Super OETH.
Alongside regular OGN buybacks from OETH and OUSD fees, the OGN DAO has earned WETH from Super OETH and ARM revenue. These funds will continue to accrue in WETH until a governance proposal is set forth to use this WETH to further the growth of Origin Token.
Visit our new analytics dashboard to view more metrics regarding OGN, OETH, OUSD, and Super OETH.
Several new markets launched for Super OETH in November, including the wsuperOETHb/msETH Morpho market, the wsuperOETHb/USDC Silo market, and the Wrapped Super OETH market on Zerolend. These integrations provide access to leveraged staking opportunities, enabling you to increase your exposure to Super OETH up to 18x.
The wsuperOETHb/msETH Morpho market offers the highest LTV on Super OETH yet at 94.5%. This allows users to take on up to 18x leverage on their position, with minimal liquidation risk as msETH is hard-pegged to the value of ETH. The market has seen high utilization thus far – over $2.8M of liquidity has been supplied with $2.75M borrowed.
Also in November, Silo launched a market to borrow USDC against Super OETH. The market is a great choice for users who want to increase their exposure to ETH, benefiting from both ETH price action and Super OETH yield. Silo offers a 91% LTV on Super OETH, providing an opportunity to leverage exposure up to 10x while earning additional SILO incentives.
The ARM ETH Vault had its first full month in operation, achieving an 6.5% trailing 30-day APY in November. The vault generates yield by purchasing stETH at a discount and redeeming it 1:1 for ETH through Lido’s redemption queue. This single-asset ETH vault offers a low-risk opportunity to earn over 2x the yield of holding Lido stETH outright.
There is still 2.2K ETH capacity left on the vault before the deposit cap is reached – users can deposit today via the Origin Dapp. The ARM ETH vault currently holds around 2,800 ETH in TVL, and its deposit cap is set at 5,000 WETH.
Origin Ether total value locked grew substantially in November, increasing over 29% from the start of the month. This accounts for over 8.7K ETH in new TVL, or $29 million at the time of writing. OETH ended the month with a trailing 30-day APY of 3%.
Super OETH yield ended the month at a 8.4% trailing 30-day APY. Circulating supply increased over 10% last month, bringing in another 4K ETH ($13.5M) in Super OETH deposits.
Origin Dollar achieved a 15.8% trailing 30-day APY in November, marking a 110% month-over-month increase in yield. While the MakerDAO DSR increased its DAI interest rates in November, the majority of OUSD yield can be attributed to its Morpho strategies.
That’s all for November! We’re excited to roll out Yield Forwarding in the coming weeks, and we’ll be announcing our launch partners on our X account before the full launch of Yield Forwarding. To stay in the loop with the OGN DAO’s plans to leverage its growing balance sheet, be sure to join our Discord and follow along on the OGN Governance forum.
In the meantime, here is some of our favorite content from November:
Every month, the Origin team publishes an update to our token holders and the broader community. We hope you enjoy our October 2024 edition.
Welcome back to another Token Holder Update! Origin made significant progress across its products in October, including the opening of the ARM ETH Vault, continued growth on Super OETH, and increased performance by Origin Dollar. The OGN DAO also saw a significant boost in its treasury, nearly doubling OGN’s protocol-controlled value.
In case you missed the announcements from our X account, here are some key highlights from October:
With that, let’s dive into the details of these accomplishments and more, keeping you informed on all things Origin from October.
The Automated Redemption Manager (ARM) opened its ETH vault this month, offering a new way to earn passive ETH yield with a low risk profile and no exposure to impermanent loss. Over the trailing 7 days, the ARM has averaged over 7.3% APY, achieving well beyond 2x the yield of holding stETH outright.
The ARM earns yield by acting as an automated arbitrage mechanism, capturing profits through price discrepancies between stETH on AMMs and the underlying ETH that backs it. Lido Staked ETH commonly trades below peg, allowing the ARM to profit on the price spread between stETH and its underlying collateral.
All fees generated by the ARM are now routed to the OGN DAO, where they are accumulating in WETH. These fees, alongside Super OETH’s performance fees, are accruing to the DAO treasury, and OGN stakers will determine how best to utilize these funds for future initiatives.
Super OETH is the number one LST on Base, and it’s not even close.
Super OETH kept up its growth in October, with circulating supply increasing by over 70%. The token consistently delivered double-digit APYs, further solidifying its position as one of the most attractive ETH assets on Base. Additionally, Super OETH utility expanded on Base with new integrations on Silo Finance, Contango, and Spectra.
Our integration with Silo Finance demonstrated impressive growth, with nearly $10 million in Wrapped Super OETH deposits. SILO incentives for market participants made borrowing more cost-effective and increased lending APYs, providing lucrative opportunities for users to loop their positions.
Contango’s integration with both the Super OETH Silo and Morpho markets allows users to take on one-click leverage, currently offering a return on equity (ROE) up to 40%. Contango users can deposit a wide range of assets to loop Super OETH, including stablecoins, WETH, and Super OETH itself.
New sources of revenue have created substantial value for the OGN DAO.
October was also a big month for the OGN DAO, which now has a new source of revenue following the ARM ETH Vault launch. The ARM collects 20% of LP profits as fees, which are directed to the OGN DAO treasury. As OGN stakers prepare to vote on how to use these funds, the DAO continues to grow in size and influence within Origin’s ecosystem.
The DAO’s treasury has seen significant growth from Super OETH’s success, with performance fees accruing to the DAO in WETH. In addition to performance fees, the OGN DAO now has a growing war chest of AERO, which it used to place first in Aerodrome’s Flight School program.
See how Origin’s OTokens have worked nonstop to earn you passive yield.
Super OETH achieved a 30-day trailing APY above 11.5% in October. With increasing AERO locks and becoming a top participant in Aerodrome’s Flight School, Super OETH has grown its influence within Aerodrome’s ecosystem, enabling it to continue earning outsized yield for holders.
Origin Ether closed the month with a 30-day trailing APY of 3.6%. Origin Ether’s yield is over 20% higher than leading LSTs, providing users with better staking rates thanks to its Curve integration and SSV token incentives.
Origin Dollar had a 30-day trailing APY of 8.6% in October. This marks a 40% month-over-month increase in APY, largely due to improved lending rates on Morpho Aave. OUSD collateral currently earns yield on USDC and USDT through Morpho, and it earns yield on DAI via the MakerDAO DSR.
That’s all for October! Taking a look ahead, we’re working hard to solidify Super OETH as not only the number one LST on Base, but the number one yield-generating token on layer 2s. We have a lot planned with our top integration partners, and we expect to share more details on the next phase of Super OETH soon.
Until then, we’ve dropped some of our favorite content from October below:
As always, we invite you to join us in Discord and on X where we build in public, host monthly Community Calls, and offer direct support to our users.
Staking crypto is one of the easiest ways to earn passive income on your digital assets, and Coinbase is a popular platform to get started.
As a well-known cryptocurrency exchange, Coinbase offers a simple and secure way to stake various cryptocurrencies, including Ethereum (ETH) and stablecoins like USD Coin (USDC). In this guide we’ll walk you through the process of how to stake crypto on Coinbase, explain the rewards you can earn, and explore alternative methods for even higher yields.
So what is crypto staking? Crypto staking is a way to earn rewards by helping secure blockchain networks, especially those that use a Proof of Stake (PoS) consensus mechanism. When you stake your crypto, you essentially "lock" it into the network to support activities like validating transactions and maintaining the blockchain. In return, the network rewards you with additional crypto. For example, when you stake Ethereum (ETH), you help secure the network and earn ETH rewards in return for the Ethereum staking process.
Ethereum is one of the most popular cryptocurrencies for staking, especially after the network transitioned from Proof of Work (PoW) to Proof of Stake (PoS). Coinbase allows you to stake ETH easily with just a few clicks, and earn rewards without needing to run your own validator node (which would require 32 ETH). This makes it accessible for beginners and experienced users alike.
Stablecoin staking is another option on Coinbase, particularly with USD Coin (USDC), which is pegged to the US dollar. Unlike ETH, USDC is not used to secure a blockchain, but you can still earn interest by staking it on Coinbase. The platform offers competitive rates, allowing you to earn passive income on a stable asset that doesn’t experience the same volatility as other cryptocurrencies.
On Coinbase, the stablecoin staking rate for USDC is usually lower than for cryptocurrencies like ETH, but it provides a safer option for users who prefer stable returns. Coinbase regularly updates its APYs for stablecoins, so it’s a good idea to check the platform for current rates.
Coinbase recently expanded staking options to Base, an Ethereum Layer 2 network. Base offers even more opportunities for users to stake crypto and earn higher rewards. Here’s how you can start staking crypto on Base:
Before you can stake crypto, you'll need to buy the cryptocurrency you seek to stake. Coinbase makes it easy to purchase popular staking assets like ETH or stablecoins like USDC.
Simply create an account on Coinbase, connect your bank account or credit card, and purchase the crypto of your choice. ETH is one of the most common options for staking, but stablecoins like USDC can also be used if you're looking for a lower-risk option.
Once you’ve purchased your crypto, you can stake it directly on Coinbase. Just navigate to the “Earn” section on the Coinbase app or website and select the asset and amount you want to stake:
For ETH, you’ll earn rewards based on the staking APY, which fluctuates depending on network conditions. Currently, when you stake crypto on Coinbase you’ll earn 2.57% for Ethereum, and varying rates for other assets:
As of now, Coinbase also charges a fee for staking services, usually around 25% of your staking rewards. Despite the fee, the convenience of staking on Coinbase makes it a popular choice for those who prefer a simple, hands-off approach.
After staking your crypto, you can easily monitor your earnings directly within the Coinbase app. Coinbase provides regular updates on how much you’ve earned, as well as the current APY for your staked assets.
While staking rewards are automatically added to your account, it’s important to keep track of them to make sure you’re maximizing your returns.
For those looking to earn even higher yields from ETH staking, you can stake your crypto on-chain using Coinbase Wallet, which is one of the most popular crypto wallets. If you’re holding ETH, you can send it to your Coinbase Wallet on the Base network and swap it for Super OETH.
Super OETH offers higher yields than traditional ETH staking on Coinbase, thanks to advanced DeFi strategies that generate additional returns. To get started, just visit the Origin Dapp and follow the instructions to swap your ETH for Super OETH:
With APYs often higher than traditional staking options, this method is ideal for those looking to maximize their earnings with ETH staking. For example, Super OETH offers an 10.5% trailing 7-day APY as of writing.
While staking on Coinbase is convenient and easy, it’s not the only option available. Staking in decentralized finance (DeFi) platforms like Origin Protocol or other DeFi staking pools can offer higher yields. For example, Super OETH on the Base network provides leveraged yield opportunities, meaning you can earn more than the standard rates offered by simply holding the token or using Coinbase.
However, staking in DeFi requires more effort, including managing crypto wallets, understanding smart contracts, and staying updated on market conditions. For beginners or those who prefer simplicity, staking on Coinbase might be the best choice. But for more advanced users who want to maximize returns, exploring DeFi options is worth considering.
Staking crypto on Coinbase is definitely worth it if you’re looking for an easy and secure way to earn passive income on your assets. The platform’s user-friendly interface makes it simple to stake ETH, USDC, and other supported cryptocurrencies. While Coinbase does take a fee for staking services, the convenience and security it offers can outweigh the costs for many users.
For those looking for higher yields, platforms like Super OETH on Base offer more advanced opportunities for earning staking rewards. Whether you choose to stake on Coinbase or explore DeFi, staking is a great way to put your crypto to work and earn passive income over the long term.
On Coinbase, you can stake popular cryptocurrencies like Ethereum (ETH), USD Coin (USDC), and a few others. The platform provides easy staking options, allowing you to earn rewards without needing to run your own validator node.
Yes, some cryptocurrencies on Coinbase, like Ethereum (ETH), may have a lockup period when staked. This lockup time varies depending on the network and can limit access to your funds while they are being staked.
Coinbase has no minimum staking requirements for most assets, making it accessible to users with any amount of crypto. You can stake even small amounts of Ethereum (ETH) or USD Coin (USDC) and start earning rewards immediately.
Silo Finance is a DeFi platform that allows users to lend, borrow, and loop assets for higher returns.
One of the key assets available on Silo is Wrapped Super OETH (wsuperOETHb), which offers a unique way for users to maximize their earnings. In this guide, we’ll explore how to use wsuperOETHb on Silo Finance, the benefits of using this asset, and the steps to get started.
Wrapped Super OETH (wsuperOETHb) is a version of Super OETH that is specifically designed for DeFi applications like Silo Finance.
The wrapping process converts Super OETH into a compatible format for use in decentralized protocols, allowing it to be integrated more easily into lending and borrowing platforms. While Super OETH itself is a liquid staking token with auto-compounding features, wsuperOETHb allows users to leverage this asset for additional yield opportunities.
To acquire wsuperOETHb, you first need Super OETH. You can get Super OETH by swapping ETH for it on the Origin dapp or on platforms like Aerodrome.
It’s important to note that Wrapped Super OETH and Super OETH are not 1:1 in value. Wrapped Super OETH increases in price as staking rewards are earned, whereas Super OETH increases users’ balance as rewards are earned. As such, you will receive less wsuperOETHb than Super OETH when you swap, retaining the USD value of your investment. After you have Super OETH, you can wrap it into wsuperOETHb through the Origin Protocol dapp, making it ready for use on Silo Finance:
Silo Finance offers a powerful way to earn more with your wsuperOETHb. By using wsuperOETHb as collateral, you can access lending and borrowing markets to increase your potential returns.
One of the main benefits of using wsuperOETHb on Silo is its flexibility—users can deposit their wrapped tokens, borrow other assets, and even loop their deposits to multiply their exposure and increase their yield.
Another advantage of using wsuperOETHb on Silo is the opportunity to take advantage of the isolated lending pools, known as Silo Markets. These isolated pools minimize the risk of market-wide issues affecting your position, providing a more secure way to participate in DeFi.
With Silo, you can benefit from competitive rates and optimize your Super OETH yield by looping it through multiple deposits.
If you’re ready to start using wsuperOETHb on Silo, here’s a simple step-by-step guide to get you going:
To begin, you’ll need to bridge your funds over to the Base network, where the Silo Finance dapp is hosted. You can use cross-chain bridges like Symbiosis or Router Nitro to move ETH or Super OETH from other networks onto Base.
Alternatively, if you already have ETH on a centralized exchange like Coinbase, you can send it directly to Base. Remember to keep a small amount of ETH on Base for gas fees during transactions.
Once your funds are on Base, the next step is to wrap your Super OETH into wsuperOETHb.
Visit the Origin Protocol dapp (app.originprotocol.com) and connect your wallet. From there, navigate to the wrapping section or swapping section and follow the prompts to convert your Super OETH into wsuperOETHb.
This step ensures that your tokens are compatible with the Silo Finance protocol.
After acquiring wsuperOETHb, head over to the Silo Finance dapp. Connect your wallet and make sure you are on the Base network. This will give you access to the Silo market where you can deposit your wsuperOETHb.
Now that you’re on the Silo dapp, find the market for wsuperOETHb.
Select the option to deposit your wrapped tokens into the Silo pool. Once deposited, you can use the looping feature on Silo Finance to borrow ETH against your wsuperOETHb and reinvest the borrowed ETH back into wsuperOETHb. This process can be repeated several times, increasing your exposure and earning potential through leveraged yield.
The wsuperOETHb market on Silo Finance presents a compelling opportunity for users looking to maximize their DeFi yields. With a competitive LTV ratio and isolated lending pools, Silo offers a more secure way to leverage your wsuperOETHb. This means that even in volatile market conditions, your position remains protected within the isolated pool.
The market for wsuperOETHb is particularly attractive because of its deep liquidity, stable price peg to ETH, and the added benefits of SILO emissions. Users can earn base market rates while taking advantage of Silo's robust risk management features.
With the ability to loop your deposits and multiply your yield, the wsuperOETHb Silo market offers a unique opportunity for users looking to maximize returns while managing risk.
For more details on the Silo market, visit the Super OETH Silo page. This guide should help you get started with leveraging your Super OETH on Silo Finance and making the most of the current DeFi opportunity.
Get ready – the ARM is set to open up its ETH vault to external liquidity providers!
The Automated Redemption Manager presents a unique opportunity for liquidity providers to earn passive ETH yield on a single-asset vault. Thanks to its unique design, the ARM offers higher yields than AMM liquidity provision, zero impermanent loss, and an extremely low risk profile.
Since December 2023, Origin has been the exclusive liquidity provider of ETH to the ARM stETH Redemption Vault, which routes liquidity to the stETH/ETH ARM pool. During this time, we've optimized the pool's efficiency, ensuring that the ARM can generate consistent yield with minimal risk.
Now, we are preparing to open this opportunity to the public, inviting external liquidity providers to participate. Having earned a daily average APY above 7%, the Automated Redemption Manager presents a compelling, stable yield opportunity for ETH holders looking to earn higher yield with comparable or lower risk than holding LSTs.
The ARM’s stETH Redemption Vault opens to the public at 12 pm EST on 10/23.
This week, the stETH Redemption Vault will be added to the Origin Dapp. The vault routes ETH liquidity to the ARM’s stETH/ETH pool, earning passive, low-risk yield for those who deposit into the vault. Since the ARM is integrated with 1inch and CoWSwap, LPs have a stable source of trading volume without relying on the Origin Dapp. Let’s take a look at how the stETH Redemption Vault earns yield, and how it maintains its low risk profile.
How it works: The stETH Redemption Vault lets users deposit ETH to the stETH/ETH ARM pool and earn passive yield. In the background, the ARM purchases stETH at a discount from the market, using structural advantages to acquire stETH at the widest spread possible at any given time. The ARM then sends stETH to the Lido redemption queue, redeeming stETH for ETH at a 1:1 basis. Once redeemed, the newly acquired ETH is sent back to the stETH Redemption Vault to repeat the cycle.
Since the ARM deposits stETH to Lido’s redemption queue, liquidity cycles through the ARM in a predictable manner. While users will be able to withdraw funds from the stETH Redemption Vault on-demand the majority of the time, sometimes users may need to wait for stETH to be redeemed for sufficient liquidity. The amount of available liquidity can be monitored on the ARM analytics page, which shows the predictable cycle of liquidity for LPs. It typically takes 1 day to receive ETH from Lido’s redemption queue, but redemptions may take several days under abnormal market conditions.
Beyond providing a new yield opportunity for ETH holders, opening up liquidity provision on the Automated Redemption Manager enables us to grow the product to become a core piece of Ethereum’s liquid staking ecosystem. The ARM is already one of the top contracts by stETH redemption volume, and we aim to make the product the de facto route for instant liquidity on Lido stETH.
In addition to delivering a new yield opportunity for liquidity providers, the ARM also benefits the $OGN DAO. A portion of the fees generated by the ARM accrue to the DAO, boosting protocol-owned value and creating a new revenue stream for the DAO. As the ARM scales, the fees flowing back to the Origin DAO will grow in tandem, reinforcing OGN’s position as a key value accrual token in Ethereum’s liquid staking ecosystem.
The ARM’s highly efficient design allows it to win trades on DEX aggregators without relying on the deepest liquidity. The ARM has already processed more than $500 million in volume from its stETH/ETH pool, despite having just $2 million in the liquidity pool. As the pool’s liquidity grows with stETH Redemption Vault deposits, the ARM will continue winning more stETH-to-ETH swaps across DeFi.
As we prepare for launch, we're excited to see the ARM continue to capture a substantial share of stETH volume. With its efficient design and proven performance, the ARM has already made an impact on the stETH-to-ETH redemption market.
By depositing ETH to the stETH Redemption Vault, liquidity providers are presented with a unique opportunity. Liquidity provision on the ARM is compelling due to its single-asset (ETH) design and higher yields compared to holding LSTs or providing liquidity on popular AMMs. As LPs join the ARM, we expect even greater adoption and continued growth in trading volume. Stay tuned – to be the first to know when deposits open, be sure to join us in Discord and follow us on X.
Extra Finance is a powerful platform that allows users to farm liquidity pools and earn high returns. One of the exciting pools available is the OGN/superOETHb pool, offering a compelling way to put your Origin tokens (OGN) to work.
With Extra Finance, users can deposit OGN and Super OETHb into the Aerodrome liquidity pool, earning yield through staking rewards and trading fees. This guide will walk you through how to use OGN on Extra Finance and maximize your returns.
Using OGN on Extra Finance is simple. The platform allows you to farm the Aerodrome pool, which pairs OGN and Super OETH. This pool not only offers high APYs, but it also makes your crypto assets productive while giving you exposure to two key assets in the Origin Protocol ecosystem.
Below are the steps to start earning with OGN on Extra Finance.
To start, you’ll need to get OGN tokens on the Base network. The easiest way to do this is by swapping ETH for OGN using Aerodrome.
Simply head to the platform, connect your wallet, and swap your Super OETH on Base for OGN.
Aerodrome offers a smooth experience with competitive exchange rates, ensuring you can get OGN quickly and easily.
Once you have your OGN, the next step is to connect your wallet to the Extra Finance dapp. Simply go to their website, click the “Connect Wallet” button, and choose your preferred wallet (such as MetaMask or WalletConnect):
Make sure you are connected to the Base network to ensure smooth transactions.
Now that your wallet is connected, it’s time to deposit your OGN into the liquidity pool. Look for the OGN-Super OETHb pool:
If you click Farm, you’ll be able to either make a deposit or connect your wallet if you haven’t done so yet.
Then it’s as simple as selecting the amount of OGN and Super OETH you want to provide as liquidity.
By depositing your tokens, you can start earning an impressive yield. Currently, the pool offers an APY of up to 85.5% and a total APR of 61.85%, providing strong returns on the pool. These rates can fluctuate based on market conditions, so it’s always a good idea to check the platform for the latest updates.
By participating, you'll earn rewards through both yield farming and trading fees, optimizing your earning potential across two key assets in the Origin Protocol ecosystem.
OGN opens up a range of opportunities in the DeFi space, especially when paired with platforms like Extra Finance. By participating in liquidity pools, you can grow your token holdings while supporting the Origin Protocol ecosystem.
So whether you’re staking OGN, providing liquidity, or earning rewards through farming, the DeFi landscape offers numerous ways to maximize your returns.
Explore even more opportunities to earn yield with OGN and other assets by visiting our DeFi opportunities page. Start farming today and make your crypto work for you.
