Spectra Finance integrates Wrapped Origin Ether (wOETH), unlocking new use cases for holders and allowing them to leverage its yield through innovative mechanisms. This guide explains the benefits and how to get started with wOETH on Spectra.
Spectra Finance, formerly known as APWine, is a protocol that tokenizes yield from interest-bearing tokens (iBTs) like OETH. It splits an iBT into two components: Principal Tokens (PTs) and Yield Tokens (YTs). The PT represents the principal value, while the YT represents future yield entitlement.
Spectra Finance enables traders to lock in APYs on yield-bearing assets and gain exposure to variable yields through YT. The three main components of Spectra Finance are highlighted below:
Follow the steps below to begin using Wrapped OETH on Spectra Finance:
To get started, acquire wOETH or OETH. You can swap ETH, WETH, or OETH to wOETH on Origin’s dApp at app.originprotocol.com by connecting your Web3 wallet.
Visit Spectra Finance dapp and connect your Web3 wallet using the prompts in the top right corner.
Spectra offers three primary functionalities: Fixed Rates, Yield Trading, and Liquidity Provision.
Spectra’s integration of wOETH unlocks new financial use cases. You can earn stable yields through fixed rates, leverage variable yields through yield trading, and benefit from multiple yield streams as a liquidity provider. Another way to look at fixed rates is being able to obtain wOETH at a discount.
Stay updated on new opportunities by following Origin on X and joining our Discord server. View our DeFi Opportunities Page to find all the top OETH integrations across Ethereum and Arbitrum.
Every month, the Origin team publishes an update to our token holders and the broader community. We hope you enjoy our July 2024 edition.
Get a birds-eye view on what Origin accomplished in July below.
Welcome back to another Token Holder Update! Over the course of July, Origin delivered on the DAO’s vision for a strengthened OETH, secured new yield opportunities on Arbitrum and Ethereum, and continued to expand the Automated Redemption Manager with nearly $500 million in volume since launching in stealth earlier this year.
Alongside these product and engineering developments, we’ve brought on new team members to help us build faster and bolster our community efforts. Some of our highlights from July include:
Without further ado, let’s delve into these developments and more in this month’s Token Holder Update.
New OETH yield mechanics make Origin Ether stronger, more composable, and higher yielding.
Last month, Origin Ether became a true liquid staking token after divesting its LST collateral and adding support for Beacon Chain staking. In doing so, OETH has become more integration-friendly, as its 100% collateralized by ETH and earns yield directly from Ethereum staking. We anticipate that Origin Ether’s design changes will act as a catalyst for integrations, evidenced by new money market support for OETH on Ethereum and Arbitrum.
Origin Ether integrates with ssv.network and P2P for Beacon Chain staking. In doing so, OETH leverages distributed validator technology (DVT) to make our staking setup more robust. DVT decentralizes validator keys, allowing Ethereum to scale without compromising security. For end users, DVT reduces centralization and slashing risks, helping provide higher risk-adjusted returns on OETH. Ssv.network also incentivizes the use of DVT by offering SSV token incentives, which are harvested as extra yield for OETH holders.
Asynchronous, zero-fee OETH redemptions are coming soon, and once supported, instant redemptions will be powered by Origin’s Automated Redemption Manager for 1:1 swaps back to ETH.
We believe that instant redemptions to ETH will significantly improve Origin Ether’s positioning in liquid staking. Powered by the ARM, this innovation will greatly improve Origin Ether’s efficiency, making it an extremely attractive LST for protocols. Whereas other LSTs face slippage for instant redemptions, OETH will let users and protocols swap out of OETH at a 1:1 ratio. Removing slippage opens the floodgates for protocols to put their ETH to work, knowing they can swap back to ETH when liquidity is needed.
DeFi yield opportunities for OETH are increasing – find them in one place on our new DeFi page.
Origin Ether’s utility is constantly growing with strategic integrations that unlock new yield opportunities for holders. The brand new DeFi Opportunities page is your gateway to explore leading integrations on Ethereum Mainnet and Arbitrum. The page highlights categories, TVL, and APYs for each OETH (or wOETH) integration, complete with usage guides to help you get started earning with OETH across DeFi.
The page features diverse opportunities, including the recent additions of an incentivized Dolomite wOETH pool on Arbitrum and a Morpho market on Ethereum Mainnet. Users can supply wOETH collateral in each case, borrow WETH, and repeat the process to loop their positions and maximize APYs. Check out our guide to using OETH on money markets for further details on leveraged staking strategies that currently earn up to 50% APY.
The ARM is reaching new heights as it approaches half a billion dollars in volume.
The Automated Redemption Manager saw substantial growth on its stETH/ETH pool in July. Aggregate volume on this single pool surpassed 140,000 ETH and is quickly approaching half a billion dollars, with the majority of volume being sourced from stETH whales on 1inch and CoWSwap.
In line with this success, we’ve recently announced our plans to increase asset support on the Automated Redemption Manager. By broadening the types of assets supported by the ARM, we aim to increase liquidity across the LST sector and beyond. Excitingly, the next asset to be added to the Automated Redemption Manager will be Origin Ether.
The OETH/ETH pool on the ARM will be granted special privileges to make OETH the most liquid LST available in DeFi. The spread on the OETH/ETH pool will be set to zero, offering true 1:1 swaps on Origin Ether with zero slippage. In doing so, users and protocols can easily swap into OETH to earn staking yield while having the assurance of instant redemptions with zero losses.
Join us in welcoming Clément and Ivy to Origin Protocol!
Origin expanded in July with two new hires to the team. In an effort to deliver quickly on our product roadmap, we brought on a new Solidity Engineer with deep experience in DeFi. Clément Moller joined Origin in July to help build the ARM, OETH, and expand Origin’s presence on layer 2 networks. Prior to joining Origin, Clément built critical infrastructure at Swell Network, Prisma Finance, and StakeDAO.
Additionally, Origin welcomed Ivy Lee as our new Community Manager for China. Ivy's role will be instrumental in growing and nurturing our Chinese communities through targeted initiatives and activations. This strategic hire underscores Origin's commitment to expanding our global reach, particularly in the Chinese market. Bringing extensive experience with DeFi projects and communities, Ivy is well-positioned to drive engagement and growth in this key region.
Learn how OETH and OUSD work nonstop to deliver passive yield to your wallet.
Origin Ether’s 30-day trailing APY sat above 3.1% in July, earning holders marginally more yield than Lido’s stETH or Rocket Pool’s rETH. Origin Ether’s yield was temporarily reduced due to its divestment of stETH, but now that OETH is 100% collateralized by ETH, we anticipate that yield will normalize over the coming weeks.
Origin Dollar’s 30-day trailing APY achieved 6.5% in July. Nearly half of Origin Dollar’s collateral is allocated to the Morpho Aave USDC strategy, earning lending rates and an allocation to MORPHO at TGE. 32% of OUSD collateral is used in the Morpho Aave USDT strategy, while Origin Dollar’s DAI collateral earns yield through the MakerDAO DSR.
Thank you for reading through our July Token Holder Update! We look forward to seeing you back here next month when we’ll share our progress from August. Origin is gearing up for more layer 2 expansion, new asset support on the ARM, and exciting OETH yield opportunities on top protocols. To the the first in the know, be sure to follow us on X.
Interested in learning more about Origin’s accomplishments in July? Here are some of our favorite articles to get you up to speed:
Lastly, be sure to mark your calendars for August 5th at 12 pm ET (4 pm UTC). We’ll be joining Arbitrum in Discord for our community call. Alpha will be dropped!
The impressive growth of the Ethereum staking sector has made it one of blockchain’s most explosive verticals. However, this rapid growth has given rise to a new concern of centralization risk. In cases where custodial staking services manage thousands of validators on the network, the risk of a single point of failure becomes more significant.
Regardless of how well these entities operate, allowing this undue influence to grow runs counter to Ethereum’s goals of secure, decentralized scalability. This is why Origin Ether has added support for distributed validator technology, powered by ssv.network and P2P.org. Let’s take a look at how DVT works, and how OETH holders benefit from the implementation.
Distributed Validator Technology (DVT) is a novel technology that addresses issues of centralization by splitting and distributing keys among multiple node operators, thus making node running far more secure and reliable. This marks a distinct departure from traditional mechanics, where a single node operator is tasked with managing all responsibilities.
Rather than using single keys to manage validators, DVT splits these private keys and distributes keyshares to multiple node operators, responsible for maintaining validators.
This structure vastly reduces risk of centralization due to ownership being less concentrated. Rather than relying on a single entity signing transactions from a single machine, DVT allows node operations to be substantially more decentralized through multiple operators.
From a technical standpoint, DVT implements a number of innovations. For example, distributed key generation (DKG) allows participants to generate private keys as “shares”, allowing the key to be split amongst multiple operators without a single participant knowing the entire key. DKG utilizes Shamir’s secret sharing to split the keys before generating key shares. Meanwhile, Multi Party Computation (MPC) is employed to reconstruct the private keys in secret. This way, operators only know their own share of the key.
In practice, nodes are selected by consensus protocols to propose new blocks in a DVT cluster. Proposed blocks are validated by operators adding their key shares to a signature, requiring a majority of keyshares in a similar vein to a multi-sig wallet. Once a block has passed this threshold, the cluster proposes the new block on the network.
DVT’s security base is further enhanced through the inclusion of Istanbul byzantine fault tolerance (BFT), which ensures that validators can still run effectively even if certain operators break network rules.
Origin Ether utilizes both SSV Network and P2P.org to integrate DVT. SSV’s decentralized staking network empowers stakers to split and distribute validator keys across multiple KeyShares, thus simplifying the process of running a validator with multiple independent nodes.
Meanwhile, P2P’s API facilitates access to SSV network’s decentralized validator technology. P2P is also tasked with managing active nodes in Origin Ether’s SSV cluster.
P2P offers stakers an API for node management and operations. The institutional staking powerhouse serves nearly 400,000 staked ETH across more than 12,000 validators.
Drawing on P2P’s node management expertise has allowed Origin Ether to integrate DVT staking seamlessly via SSV, placing OETH firmly at the forefront of LST innovation. P2P manages Origin Ether’s SSV cluster with their expertise in Ethereum staking, ensuring that node operations remain secure and efficient.
SSV’s secure, scalable infrastructure empowers ETH stakers to build effectively with DVT. More than 1M ETH has been staked via ssv.network across over 32,000 validators. Origin Ether leverages SSV to stake ETH to the beacon chain, which also allows OETH to generate additional SSV token incentives that boost OETH yield.
This design implements DVT for OETH, providing the technical foundations for distributed scaling and more competitive yield.
Origin Ether’s DVT integration for native ETH staking highlights a continued emphasis on building technology that upholds crypto’s core tenets of decentralization, security, and user-first scaling. Considered together with OETH’s robust mechanics and superior peg-keeping, Origin Ether is primed to continue cementing its position as the superior LST on Ethereum and beyond.
Follow Origin on X and join the official discord server to keep up to date with the latest Origin developments.
Origin Ether’s expansion to Arbitrum has given rise to a host of new DeFi opportunities across leading protocols. The Wrapped OETH (wOETH) integration on Dolomite offers users the chance to supply collateral and benefit from incentivized APRs.
Dolomite is a next-gen hybrid money market featuring lending and margin trading functionality. With more than $50M in TVL, Dolomite is growing rapidly, claiming a place as one of Arbitrum’s leading lending markets.
At present, users can utilize the Dolomite pool for lending purposes. Upcoming features will allow users to trade and leverage yield up to 5x.
Follow the steps below to use wOETH on Dolomite:
First, you’ll need to acquire wOETH on Arbitrum. Unlike OETH, wOETH does not rebase. This means that earned staking yield directly increases wOETH’s value. Origin’s all-in-one dapp allows you to bridge native ETH or wOETH for wOETH on Arbitrum in a single transaction.
OETH holders will need to swap to wOETH before bridging to Arbitrum. Check out our bridging guide for step-by-step instructions.
Next, head over to the Dolomite borrow page and connect your wallet by following the prompts in the top right corner of the page.
To open a new position, you’ll need to deposit wOETH to the Dolomite pool on the borrow page. After depositing, you’ll be able to borrow WETH against your supplied wOETH. At the time of writing, the pool carries a loan-to-value (LTV) ratio of 80%.
Looping on the Dolomite pool allows you to leverage yield for boosted returns. To do so, you can use borrowed WETH to purchase more wOETH. Depositing this wOETH to Dolomite allows you to increase your position while also borrowing more WETH. Repeating this process further increases potential returns from the pool.
While wOETH does not rebase, the token appreciates in price relative to ETH to reflect accrued staking yield. This makes it an ideal asset for leveraged staking and broader DeFi applications, allowing you to earn compounded yield seamlessly.
Follow Origin on X and join the official Discord server to be the first to hear about upcoming opportunities.
With the recent integration of Wrapped OETH (wOETH) on Silo Finance, Origin Protocol continues to expand its reach within Arbitrum’s DeFi ecosystem. This integration enables users to leverage their wOETH for lending and borrowing in an isolated market, reducing cross-asset risks and providing a tailored transacting experience. The wOETH launch on Silo aligns with Origin’s ongoing ARB incentive program, offering additional rewards for those who utilize the wOETH market on Silo for lending and borrowing.
Silo Finance is a second-generation lending protocol that innovates on money markets by creating isolated lending and borrowing positions. By isolating positions, users maintain exposure to their assets and can choose a market that best fits their risk profile. This means your risk is contained to the assets you provide as collateral, instead of gaining exposure to a basket of assets deposited to the protocol.
With support for Ethereum, Arbitrum, and Optimism, Silo is a multi-chain lending platform with over $130 million in total value locked. Thanks to the recent integration of Wrapped OETH on Silo, users can now lend and borrow against their wOETH on Arbitrum.
The Wrapped OETH market on Silo is a great opportunity for users looking to borrow against their Origin Ether. For a limited time, users that use the wOETH Silo are incentivized with ARB, making both lending and borrowing a profitable endeavor.
Here’s how to get started with wOETH on Silo Finance in 4 easy steps:
You’ll need Wrapped OETH on Arbitrum to get started. This will later be deposited to the wOETH market on Silo Finance. The Origin dapp allows you bridge ETH or wOETH directly to wOETH on Arbitrum, saving you time and gas costs with just one transaction.
Next, head to the Silo Finance dapp and make sure you have Arbitrum selected as your network. Search for the wOETH, ETH, USDC.e market, and review the lending and borrowing rates on offer. The wOETH market is currently incentivized by ARB, so both borrowing and lending have positive yield for users.
Silo’s wOETH market dashboard shows key information, such as utilization rates, total deposits, and total funds available to borrow. Once you’ve reviewed this information, you can connect your wallet and deposit wOETH to Silo Finance.
To deposit your wOETH on Silo, connect your wallet in the upper right-hand corner of the window. Once connected, you’ll be able to enter the amount of wOETH you’d like to deposit to the wOETH, ETH, USDC.e market. Enter the amount of wOETH, click deposit, and approve the transaction in your wallet. Your transaction should finalize shortly thereafter, and your balance will appear on the Silo dashboard.
Once you’ve deposited wOETH on Silo, you can borrow ETH or USDC.e against your Wrapped OETH. The wOETH market has a max loan-to-value ratio of 85%, meaning that you can borrow up to 85% of your collateral value using Silo.
In order to maximize your exposure to wOETH, you may chose to loop your tokens in the Silo wOETH market. This process is fairly straightforward:
You can continue this process to gain 5x leverage on your wOETH position, earning ARB tokens, staking yield, and lending APRs along the way.
Using Wrapped OETH on money markets provides users with unique benefits for earning additional yield. Wrapped OETH appreciates in value relative to ETH, as staking rewards accrue to the token’s price. This ensures that all wOETH holders earn staking yield by default, simplifying the use of wOETH across various DeFi integrations. Additionally, Origin Ether’s tight peg to ETH allows users to loop wOETH with confidence, minimizing volatility risks.
Looking for more help getting started on Silo? Join the Origin Discord and become part of our growing community!
Liquid staking is an exciting way to earn rewards with your crypto. It helps make staking easier and more accessible to everyday investors. But what are the best DeFi protocols for liquid staking? And more importantly, are they right for you?
Below, we’ll explore the top five liquid staking protocols on Ethereum in 2025. But before we get started, let’s get clear on exactly what liquid staking protocols are, how they work, and what makes them unique.
Liquid staking protocols let you stake your crypto tokens and still use them in the DeFi ecosystem. When you stake tokens, you usually lock them up to help secure the network and earn rewards. With liquid staking, you get special tokens in return that you can trade or use while still earning staking rewards. This makes staking much more flexible.
You might be wondering how liquid staking compares to other methods. We can see a comparison by looking at the pros and cons of liquid staking compared to solo staking. Solo staking, or traditional staking, is when you stake your tokens directly by running a validator node yourself. While this can earn good rewards, it has some drawbacks. Running a node requires a lot of technical knowledge, and node operators need to lock up a large amount of tokens, which can’t be used while they’re staked.
For example, to run a validator node on Ethereum, you need to lock up 32 ETH. At current prices, this could be over $90,000, and during this time, those 32 ETH are locked and can’t be used for anything else.
Liquid staking, on the other hand, is much easier. You don’t need to run a node or lock up a lot of tokens. You can stake a small amount, and you get liquid tokens back that you can trade or use in other DeFi activities.
For instance, with a liquid staking protocol like Origin Protocol, you can swap any amount of ETH for OETH, Origin’s LST. You can then use OETH in other DeFi activities while still earning rewards. This flexibility is the main benefit of liquid staking for token holders.
On Ethereum, liquid staking protocols work by letting users stake their ETH and receive liquid staking tokens in return. The entire process works in just a few simple steps, and enables users to have much more flexibility:
Again, the big advantage of this system is that it allows you to earn rewards from staking while still having access to your tokens.
Now that we understand how liquid staking works, let’s look at the top five liquid staking platforms on Ethereum in 2024.
Origin Ether (OETH) is a liquid staking protocol that offers enhanced yield and flexibility. When you stake with Origin Ether, you receive OETH tokens. These tokens can be used in various DeFi activities, allowing you to earn more rewards. Origin Ether also has strong security measures, making it a safe choice for staking.
Lido Finance is one of the most popular liquid staking protocols. When you stake ETH with Lido, you get stETH in return. This stETH can be traded or used in other DeFi projects. Lido makes staking easy and accessible, even for beginners.
Rocket Pool is another great option for liquid staking. It allows users to stake ETH and receive rETH tokens. Rocket Pool is known for its decentralized approach, which means it’s managed by a community of users. This makes it a secure and reliable option for staking.
Binance Staked ETH is offered by the Binance exchange. When you stake ETH on Binance, you get bETH tokens. These tokens can be traded on the Binance platform. This option is good for those who already use Binance and want a simple way to stake their ETH.
Frax Ether is a newer liquid staking protocol that is gaining popularity. It allows users to stake ETH and receive sfrxETH tokens. Frax Ether focuses on providing high yields and has a user-friendly interface, making it a great choice for both new and experienced users.
Liquid staking is a game-changer for anyone involved in blockchain networks and decentralized finance (DeFi) activities. It’s not just about staking your tokens; it’s about staking smarter.
By allowing users to stake their tokens while still having access to them, liquid staking introduces a new level of flexibility and usability that traditional staking methods simply can’t match. This innovation makes participating in the proof of stake (PoS) ecosystem more accessible and efficient for everyone.
Flexibility: One of the standout benefits of liquid staking is the ability to stake small or large amounts of staked assets while still being able to use those tokens in other activities. Whether you’re part of a staking pool or exploring individual opportunities, liquid staking ensures you’re not locking up your assets without options.
Increased Earnings: With liquid staking, your tokens can work double duty. By leveraging staking services, you can earn staking rewards while simultaneously participating in yield farming or other activities in the DeFi space. This dual-earning potential creates a more dynamic and lucrative environment for participants.
Network Security: Liquid staking contributes to the overall network security of blockchain networks like the Ethereum network. By encouraging more people to stake their tokens, these protocols help reinforce the stability and reliability of proof of stake (PoS) systems, making the entire ecosystem stronger.
Ease of Use: Unlike traditional staking, which can be complicated, liquid staking is designed to be straightforward. Whether you’re new to staking services or an experienced participant in decentralized finance (DeFi), the simplicity of these systems ensures accessibility for users of all levels.
Using a liquid staking protocol can be very rewarding, but like all investments, it carries a degree of risk. To really understand whether liquid staking is worth it for you, you need to to understand the specific risks involved.
Here are some things to consider:
If you can tolerate these risks, liquid staking can be a great way to earn rewards as long as it’s done carefully. Make sure to do your research and stick to the more reliable protocols with real track records like Lido Finance, Rocket Pool, Origin Ether, Binance Staked ETH, and Frax Ether.
As the Ethereum network and other blockchain networks continue to grow, liquid staking is expected to become an integral part of the landscape.
By bridging the gap between staking and usability, liquid staking helps democratize access to the rewards and benefits of proof of stake (PoS) systems. This means more people can participate, contribute to network security, and explore the full potential of staking pools and yield farming opportunities.
In short, liquid staking isn’t just a feature—it’s the future of accessible participation on Proof of Stake networks.
Solo staking, also known as traditional staking, requires running a validator node on a proof of stake blockchain and locking up a large amount of tokens, such as 32 ETH. Liquid staking allows users to stake smaller amounts and receive liquid tokens, which can be used for maximizing returns through additional DeFi activities.
Liquid staking helps in maximizing returns by allowing users to earn staking rewards while still using their liquid tokens in other DeFi projects. This means you can stake your ETH and earn extra income through activities like lending and leveraged staking simultaneously.
Ethereum staking is popular in liquid staking protocols because it offers flexibility and accessibility, letting users stake smaller amounts and still participate in the network. These protocols also provide liquid tokens, enhancing the ability to maximize returns and engage in various DeFi opportunities.
In the ever-evolving realm of DeFi, optimizing positions while maintaining liquidity is key for investors’ success. Origin Ether (OETH) provides users with a unique opportunity to leverage the benefits of liquid restaking tokens, optimizing yield generation to best fit your risk profile.
This article will guide you through the steps to effectively use OETH with liquid restaking tokens, ensuring you can make the most of your crypto assets while staying liquid.
Liquid Restaking Tokens (LRTs) are tokens representing restaked ETH assets. EigenLayer is the most prevalent restaking platform with over $15 billion in TVL, so this article will focus on LRTs within EigenLayer’s ecosystem.
Users who deposit directly to EigenLayer lock their funds on the platform until they initiate a withdrawal. Withdrawals take 7 days to finalize, which adds to the illiquidity of directly restaked ETH assets. Liquid Restaking Tokens allow users to earn yield from EigenLayer restaking while maintaining liquidity on their position. LRTs can also have benefits beyond liquidity, such as ecosystem airdrops and utility on other DeFi protocols.
As one of the first LSTs listed on EigenLayer, OETH can be used as collateral for various liquid restaking tokens. Follow the steps below to get started:
If you don’t already own OETH, you’ll need to acquire some before minting an LRT. To do so, you can swap ETH for OETH on Curve or Uniswap. If you want the best rate for your ETH-to-OETH swap, we recommend using the Origin dapp to acquire OETH. The Origin dapp will optimize your swap between DEXs and direct minting to ensure the best rate on your trade.
There are several LRT protocols that support OETH, but the most notable are PrimeStaked and Eigenpie. Eigenpie offers isolated LRTs, meaning that you will maintain your OETH exposure when swapping OETH for mOETH, Eigenpie’s OETH-based LRT.
Origin Ether is the primary collateral asset for PrimeStaked’s primeETH LRT, which will soon merge with YieldNest’s ynLSD. In accordance with the recent governance proposal, primeETH holders will qualify for the YND airdrop based on their primeETH XP accrued.
The final step to start earning rewards from restaking is to mint the LRT of your choosing. If you’re using PrimeStaked, navigate to the PrimeStaked dapp to mint primeETH with OETH. On the dapp, connect your wallet, select the amount of OETH you want to deposit for primeETH, and approve the transaction.
Once finalized, your primeETH balance, EigenLayer Points, and primeETH XP will show on the OETH dapp. Note that 1 primeETH is worth more than 1 ETH, as staking yield accrues directly to the price of primeETH. This means that a 1 ETH swap will result in slightly less than 1 primeETH.
An OGN governance proposal recently passed to merge PrimeStaked with YieldNest, a community-centric LRT with multiple upcoming airdrop seasons.
YieldNest has confirmed a YND airdrop allocation for those who hold primeETH XP and for those who migrate their primeETH to ynLSD. A snapshot of PrimeStaked users' XP will be taken when the migration portal opens. Holders qualify for a pro-rata share of YND based on how much primeETH XP they have accrued.
YieldNest aims to be the most community-centric LRT by allocating over 60% of its token to the community. While PrimeStaked users automatically qualify for the first airdrop, following seasons will distribute YND based on YieldNest “Seeds.” PrimeStaked users who migrate to ynLSD are eligible to earn boosts on Seeds, helping them qualify for a larger YND allocation in future seasons.
ynLSD is YieldNest’s upcoming LST-backed LRT. YieldNest’s LRT innovates on existing liquid restaking tokens by offering curated exposure to restaking categories, such as co-processors, data availability, oracles, and beyond. Curated AVS exposure enables restakers to target specific airdrops within the restaking ecosystem.
Origin Ether is expanding its integrations on Ethereum and Arbitrum. Learn how to earn over 50% APR using OETH in DeFi on our DeFi Opportunities Page!
Origin Ether is expanding its integrations on Ethereum and Arbitrum. Learn how to earn over 50% APR using OETH in DeFi on our DeFi Opportunities Page!
Origin Ether holders can now use Wrapped OETH across Arbitrum, and Gyroscope is the main liquidity hub for wOETH on the network. As such, liquidity providers can earn substantial yield from depositing wOETH and ETH to Gyroscope, which enables other users to trade Wrapped OETH on Balancer.
Staying ahead of new opportunities in DeFi will help you get the most from your Origin Ether. This guide will walk you through what Gyroscope is, and how you can get started providing wOETH liquidity on Gyroscope today.
Gyroscope is a DeFi protocol designed to create resilient and efficient liquidity pools. Unlike traditional liquidity pools, Gyroscope utilizes a unique mechanism to ensure stability and optimal returns for liquidity providers. By focusing on reducing slippage and impermanent loss, Gyroscope offers a more secure and profitable environment for liquidity provision.
Gyroscope's architecture is built to support multiple assets, providing flexibility and diversification options for liquidity providers. Its integration with Arbitrum allows for faster transactions and lower fees, making it an accessible alternative to Ethereum mainnet.
Providing liquidity on Gyroscope is a fairly straightforward process. By depositing to the wOETH-ETH liquidity pool, you’ll earn trading fees, staking yield, and for a limited time, ARB incentives. Let’s delve in to how you can get started with wOETH liquidity provision today.
First, you’ll need to hold both ETH and wOETH on Arbitrum. If you don’t already have wOETH on Arbitrum, you can bridge ETH or Origin Ether to wOETH through the Origin dapp. You can also swap ETH for wOETH on Balancer if you already have funds available on Arbitrum.
Next, visit the Gyroscope dapp and connect your wallet. The wOETH-ETH pool uses an ecliptic concentrated liquidity pool (E-CLP), optimizing your funds to be used within a specified price range for higher capital efficiency.
Lastly, navigate to the ETH/wOETH Arbitrum pool on the Gyroscope dapp. Enter the amount of ETH and wOETH to deposit to the pool on the right-hand side, click join, and approve the transaction through your wallet. Once the transaction is finalized, you’ll be able to view your position from the same page you deposited liquidity on.
Once you’ve deposited your tokens to the pool, you’ll begin earning yield on your position. As of July 2024, APRs range from 8.97% to 11.58%, without accounting for staking rewards that are baked into the price of Wrapped OETH. Yield is currently boosted by ARB and BAL token incentives, which will continue to stream to liquidity providers until the end of August.
Beefy Finance is a multi-chain yield optimizer that automates yield compounding to maximize your liquidity provision yield. You may choose to use the wOETH-ETH Beefy Finance vault to compound your LP share as you earn yield on your position. To do so, you'll first need to deposit your funds to Gyro, and then you can deposit your LP tokens to Beefy Finance to compound your yield.
Liquidity providers that use wOETH can earn several avenues of yield simultaneously. Unlike OETH, which rebases as staking yield is earned, wOETH appreciates in value as staking rewards accrue to the token. This means wOETH constantly appreciates relative to ETH, giving users the ability to earn staking yield while providing liquidity on AMMs.
Still have questions? Join our Discord to get in contact with our team for further support.
Origin Ether is expanding its integrations on Ethereum and Arbitrum. Learn how to earn over 50% APR using OETH in DeFi on our DeFi Opportunities Page!
Boasting more than $40m in TVL, Dolomite’s hybrid margin trading and lending protocol is one of Arbitrum’s most popular platforms. Users can now trade wOETH on Dolomite to take advantage of the protocol’s innovative mechanics and generous incentives on offer.
Dolomite users can now supply wOETH as collateral and open new borrow positions. To do so, simply head to the borrow tab, connect your Web3 wallet at the top right of the page, and open a new position.
Dolomite’s novel trading platform will also soon offer up to 5x trading on supported assets.
Origin will be allocating 24,000 ARB to the Dolomite wOETH pool across the next few weeks to incentivize liquidity on the pool with boosted incentives for a limited time.
https://app.dolomite.io/borrow
wOETH’s new presence on Dolomite further expands access to groundbreaking primitives for holders. This integration further entrenches Origin’s presence on Arbitrum, as Origin Ether continues to grow beyond Ethereum mainnet.
Make sure to follow Origin on X and join our Discord server to keep up to date with the latest news and integrations.
