Origin Ether and Super OETH have been integrated across the top DeFi protocols on Ethereum Mainnet and Base. For the full list, check out Origin's DeFi Opportunities Page!
With more than $4B in TVL, Pendle’s yield tokenization primitives have dominated DeFi since launching in 2023. Pendle’s mechanics feature an innovative AMM that allows users to trade and leverage yield, earn fixed yields on assets, and supply liquidity to pools.
OETH was among the first assets supported by Pendle, empowering holders to take leveraged bets on the token’s yield performance. Now, both OETH and Super OETH (superOETHb) are listed on Pendle with the protocol's recent expansion to Base.
Learning how to harness Pendle’s feature set can unlock major opportunities for investors to compound their returns.
Pendle incorporates real world bond mechanics into its offerings, popularizing on-chain instruments previously used primarily in traditional finance. At a high level, this flow works by wrapping and splitting the underlying asset into its principal and yield-bearing components:
All Pendle assets feature maturity dates. Upon maturation, the PT can be redeemed for the entire underlying token. Conversely, the YT earns yield until maturation, after which it no longer holds value.
The OETH market on Pendle has a maturity date of December 2025, while the Super OETH market on Pendle has a maturity date of June 2025.
First, you’ll need to acquire the token you seek to deposit on Pendle. Origin’s dapp allows you to mint both Super OETH and OETH seamlessly using ETH or WETH. Simply connect your Web3 wallet and follow the prompts to get started.
If you're looking to mint Super OETH, you'll need to be on Coinbase's L2, Base. If you want to use OETH on Pendle, you'll want to mint OETH on Ethereum Mainnet. If you don't already have funds on Base to mint Super OETH, you can transfer from Coinbase or use a bridge.
Once you’ve acquired your tokens, head over to the Pendle Finance dapp and connect your wallet. By default, you should be on Ethereum Mainnet; if you are using Super OETH, you'll need to switch networks to Base. The trade page displays active Pendle markets, and breaks down the prices and APYs of YT and PT on each asset.
Official Pendle URL: https://app.pendle.finance/
On the OETH dashboard, you can deposit OETH to mint PT OETH and YT OETH, or swap for either token. Similarly, on the Super OETH dashboard, you can mint PT superOETHb or YT superOETHb.
Pendle’s OETH pool comprises SY-OETH and PT OETH. As PT-OETH reaches parity with SY-OETH upon maturation, users can supply liquidity without significant risk of impermanent loss.
Users who supply liquidity to the pool earn rewards derived from a share of trading fees. The project’s native token, PENDLE, can be staked to further increase rewards and receive voting rights in the form of non-transferable vePENDLE.
Origin's integration on Pendle empowers users with more ways to compound OETH and Super OETH yield. Users can take leveraged bets on yield performance, hedge their holdings, and provide liquidity with additional incentives.
Get started now: Pendle Super OETH Market / Pendle OETH Market
Origin Ether has grown into one of Origin’s most popular offerings, providing holders with better yield and a tighter ETH peg than other LSTs. Since its launch last year, Origin Ether has accrued over $125M in TVL and secured dozens of integrations on both Arbitrum and Ethereum.
Yield generation, security, and liquidity are key factors that make OETH the most competitive LST on the market. Let’s delve into how Origin Ether earns substantially higher yield than other LSTs, maintains deep liquidity, and upholds industry-leading security standards.
Origin Ether’s yield has consistently outperformed stETH, rETH, and sfrxETH since inception. Its unique design allows OETH holders to earn yield from both liquid staking and ancillary rewards, including liquidity provision revenues and additional token incentives.
Distributed Validator Technology (DVT) ensures that validator keys remain decentralized, allowing Ethereum to scale without compromising security. With DVT implementation via the SSV network, OETH is shielded from centralization risks.
ETH reserves are staked to the Beacon Chain using distributed validator technology (DVT), creating a fault tolerant and decentralized staking setup. Origin Ether is integrated with ssv.network to leverage DVT, the leading protocol for distributed validator technology with over $3 billion in total value locked.
OETH earns SSV token incentives through its DVT integration. Staking yield is boosted up to 40% through ssv.network, which directly translates into more yield for Origin Ether holders. SSV tokens are harvested for OETH, which is distributed to holders through the token’s rebasing mechanics.
Origin uses Algorithmic Market Operations to provide deep liquidity for OETH on Curve. With up to 2x higher capital efficiency than traditional liquidity provision, the Curve AMO earns yield from harvesting trading fees and rewards tokens for Origin Ether holders.
Earnings are further boosted by token incentives on Curve’s OETH/ETH liquidity pool. The OGN DAO uses its war chest of CRV/CVX to direct CRV incentives to Curve’s OETH liquidity pool, which is then farmed by the Curve AMO.
Origin Ether holders also benefit from the deep liquidity provided by the Curve AMO. Protocol-owned OETH is used in the liquidity pool to maintain the pool’s balance, minimizing slippage on OETH/ETH trades. With $42 million in TVL currently in the pool, users can swap out of OETH at less than 0.12% slippage on swaps up to 1,000 OETH.
For multi-million dollar exits, better rates can be achieved through direct redemptions or Automated Redemption Manager swaps, which are outlined below.
Earlier this year, we launched the beta version of Origin’s Automated Redemption Manager (ARM) to provide zero-slippage swaps on redeemable assets, starting with Lido’s stETH. Even in its beta, the Automated Redemption Manager has accrued over $400 million in volume through its integrations on 1inch and CoWSwap.
Origin Ether will be the second asset supported by the Automated Redemption Manager, with special privileges for the OETH ARM pool that will guarantee instant, 1:1 swaps back to ETH. The OETH/ETH ARM pool will have zero-fee, zero-slippage swaps on OETH, ensuring OETH can be instantly redeemed for ETH at a 1:1 rate.
Direct redemptions for Origin Ether are supported on the Origin dapp, allowing users to redeem their OETH for its underlying collateral. The redemption fee, paid to OETH holders, is currently set to 0.1%, with plans to reduce this fee to zero in the coming weeks.
Instant, 1:1 redemptions back to ETH are important to secure integrations with top protocols. Several protocols hold large amounts of ETH that could earn yield through liquid staking, but these apps need to ensure that the LST they hold can easily be redeemed for ETH without loss. By enabling zero-fee redemptions for Origin Ether, OETH will become the superior LST for protocol integrations.
Further, the OETH pool on the Automated Redemption Manager will directly impact Origin Ether’s peg to ETH. Since arbitragers can currently redeem their ETH for a 10 basis point fee, OETH commonly trades between 0.999 and 1.0 ETH. Once this fee is removed and instant redemptions are enabled by the ARM, we anticipate OETH to hold a tight, 1:1 peg to ETH across all exchanges.
A tight peg to ether has several benefits to both protocols and end users. OETH holders can confidently leverage their OETH on money markets, such as Morpho, knowing that their tokens will closely follow the price of ETH. By minimizing peg volatility, liquidation risks on lending platforms become far less of a concern. From a protocol perspective, OETH integrations become more accessible as depegging risks are minimized.
Origin Ether is audited by top security firms including OpenZeppelin, TrailofBits, and Solidified. Our continuous auditing agreement with OpenZeppelin ensures that code changes are reviewed externally, helping minimize smart contract risk on our products. OpenZeppelin is one of the most trusted security firms in crypto, auditing platforms like Coinbase, Aave, and Ethereum.
Beyond external audits, Origin employs rigorous internal code reviews that must be conducted by at least two core team engineers. We’re proud to have some of the top leaders in Ethereum security on Origin’s team, as we hold an extremely high bar for smart contract security.
Origin Ether has already accelerated its integrations on both Ethereum mainnet and Layer 2s. Wrapped OETH is now integrated with Morpho and Silo money markets, enabling leveraged staking yield through looped wOETH. Users will soon have even more optionality for OETH yield generation through new DeFi integrations, building off Origin Ether’s success on applications like Pendle and EigenLayer.
Expansion is further supported by Origin’s token merger, which concentrates the team’s resources on building out OETH, new multi-chain yield products, and the recently announced Automated Redemption Manager.
OGN accrues value from Origin’s products, which is detailed in a recent tokenomics proposal. Starting with OETH and OUSD, OGN earns performance fees which are used for token buybacks. Further, half of these performance fees are used to accumulate flywheel tokens (currently CVX) to increase yield on Origin Ether’s AMO strategy.
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!
Leveraged staking is a way to earn more money from your crypto investments. It involves borrowing extra funds to increase the amount you can stake, which can boost your returns.
Below, we'll explore how leveraged staking works, how you can use liquid staking tokens (LSTs) to enhance your earnings, and the best platforms for leveraging your staking efforts.
We'll also look at the potential risks and how to manage them.
Before we go any deeper, let’s make sure we’re clear on how staking works, with a focus on liquid staking in particular.
Staking is a process where you lock up your crypto tokens to help support the network they belong to. In return, you earn rewards; a bit like putting money in a savings account and earning an annual percentage yield (APY) or interest. Staking helps secure a proof of stake (PoS) network, and in return users receive passive income on their crypto holdings.
Different crypto staking platforms offer different ways to stake, but one of the most useful methods is liquid staking. Traditional staking requires you to lock up your tokens, meaning you can’t use them until you initiate a withdrawal. However, liquid staking offers more flexibility.
When you stake your tokens using liquid staking protocols, you receive special tokens called Liquid Staking Tokens (LSTs) in return. These LSTs represent your staked tokens. They can be traded or used in other DeFi activities while still earning staking rewards.
For example, if you stake ETH using a liquid staking service, you might receive a token like OETH in return. This OETH can be used just like regular ETH. You can trade it, lend it, or use it in other DeFi protocols. Meanwhile, your original ETH is still earning staking rewards. This flexibility makes liquid staking a popular choice among DeFi users.
Lending is another way to earn rewards in DeFi. It involves providing your tokens as collateral, which is used to borrow against if you so chose. In return, you earn rewards from the borrow rates generated by the pool. Liquid staking tokens (LSTs) can also be used in these pools to earn additional rewards.
For example, Origin Ether (OETH) can be used in the Morpho pool. Here’s how it works: you stake your ETH and get OETH in return. You can then use this OETH in the Morpho market to earn extra yield from lending. This is a great way to maximize your returns.
Lending with LSTs offers an attractive way to earn passive income. However, it’s essential to understand the risks involved, such as changes in token prices and potential losses. For example, if the price of your staked token drops because of market volatility, the value of your LSTs will also drop.
Leveraged staking takes the concept of staking and adds a twist to boost your returns. It involves borrowing more crypto to increase the amount you can stake.
This strategy can amplify your earnings, but it also comes with more risks. Let’s break down how leveraged staking works and how you can use it to maximize your returns.
Here’s a step-by-step example of how leveraged staking works:
This looping strategy can significantly boost your returns because you are continually increasing the amount you stake. Each loop lets you borrow more, mint more LSTs, and earn more rewards.
Let’s consider an example using Origin Ether (OETH):
Several platforms offer leveraged staking. Two popular ones are Summer.fi and Contango. Let’s take a closer look at each of them.
Summer.fi is a platform that offers leveraged staking options. It allows users to borrow ETH and use it to mint LSTs. These LSTs can then be staked to earn rewards.
Summer.fi makes it easy to loop your staking, so you can keep increasing your ETH yield. The platform is known for its user-friendly interface and robust security features, making it a good choice for those new to leveraged staking.
Contango is another platform that supports leveraged staking. It provides tools to borrow ETH, mint LSTs, and stake them.
Contango is known for its flexibility and advanced features, which allow users to optimize their staking strategies. The platform offers competitive interest rates and a wide range of staking options, making it an excellent choice for experienced DeFi users.
Origin Ether (OETH) is an ideal choice for leveraged staking thanks to its versatile design and robust peg-keeping.
You can use OETH on either Summer.fi or Contango, or both. Here’s how:
OETH is a great choice for leveraged staking because of its strong peg to ETH. The Automated Market Operations (AMO) strategy used by OETH ensures that its value remains closely tied to ETH. This stability makes OETH a reliable option for investors looking to maximize their returns.
By using OETH, you can take advantage of advanced DeFi strategies to boost your earnings. The AMO strategy constantly adjusts the allocation of assets in the pool to optimize returns. This means you get the best possible returns with reduced risk.
While leveraged staking can offer high returns, it also comes with risks. One of the main risks is depegging. This happens when the value of the staked tokens moves away from the value of the underlying asset, causing losses. For example, if an LST were to drop significantly below the price of ETH, you may face liquidation risk.
OETH helps mitigate these risks with its stable ETH peg. The AMO strategy keeps the value of OETH closely tied to ETH, reducing the chances of depegging.
However, it’s essential to be aware of other risks, such as changes in market conditions and potential losses from borrowing.
Here are some tips to manage the risks of leveraged staking:
What is leveraged staking in DeFi?
Leveraged staking in DeFi allows users to stake their crypto by borrowing extra funds to increase their staking amount, thereby boosting their returns. This strategy involves depositing LST collateral, borrowing ETH, minting liquid staking tokens, and repeating the process to maximize rewards.
How does Origin Ether (OETH) help in leveraged staking?
Origin Ether (OETH) helps users to stake by providing a stable and versatile token that can be used for chain staking and liquidity mining. OETH’s strong peg to ETH and automatic reward distribution make it an ideal choice for maximizing returns in leveraged staking.
What are the risks of leveraged staking?
The main risks of leveraged staking include depegging and market fluctuations, which can affect the value of your staked tokens. However, using OETH can help mitigate these risks through robust AMO strategies and reliable peg-keeping, ensuring safer and more stable returns. Custodial staking is another option.
DeFi, or decentralized finance, is changing how we use money by removing the need for banks or other middlemen. One exciting part of DeFi is staking, where one stakes assets (or locks up crypto tokens) to earn rewards.
Restaking takes this a step further. It means using the tokens you’ve already staked to make even more rewards. This can help you grow your crypto faster.
Today, the DeFi world is buzzing with new ways to make the most of your tokens. One of these ways is called liquid restaking. This is a method that makes it easier and more flexible for you to restake your tokens.
But why is liquid restaking important? And how does it actually work? Let’s take a look below.
Restaking is important because it lets you earn more rewards without needing more capital. Think of it like earning interest on assets that are already earning yield in a savings account. This can help you grow your crypto much faster.
Restaking also helps keep decentralized networks secure. When you stake your tokens, you help validate transactions and keep the network running smoothly. By restaking, you continue to support the network and get rewarded for it.
Liquid restaking makes this process even better. It allows you to restake your tokens while still being able to use them. This flexibility makes it easier to manage your investments and take advantage of new opportunities in the DeFi world.
Liquid restaking works by allowing you to stake and restake your tokens without locking them up completely.
Normally, when you stake your tokens, you have to lock them up for a certain period. This means you can’t use them for anything else during that time. Liquid restaking changes this by giving you special tokens that represent your staked assets.
Here’s how it works:
Here’s another example to show you how the process differs from typical Ethereum staking:
Let’s say you stake ETH and get a liquid token like stETH. You can use stETH in other DeFi projects while still earning rewards from your original ETH. You can then restake stETH to earn even more rewards on that restaked ETH, maximizing your returns within the Ethereum ecosystem.
There are several platforms where you can practice liquid restaking. Here are some of the best ones:
Ether.fi is a popular platform for liquid restaking. It allows you to restake your ETH and receive liquid tokens in return. These tokens can be used in other DeFi projects to earn additional rewards.
Ether.fi is known for its user-friendly interface and strong security features, making it a great choice for both beginners and experienced users.
YieldNest, which is merging with PrimeStaked, offers excellent liquid restaking options. With YieldNest, you can stake your tokens and get liquid tokens that can be used in various DeFi projects.
The merger with PrimeStaked means more features and better rewards for users. This platform is becoming a top choice for those looking to maximize their returns through liquid restaking.
Renzo is another great platform for liquid restaking. It allows you to stake a variety of tokens and receive its ezETH LRT in return. These liquid tokens can be used in other DeFi activities to earn more rewards.
Renzo is known for its innovative features and strong community support, making it a reliable option for liquid restaking.
Restaking can be a great way to earn more rewards and grow your crypto holdings. However, it’s important to understand restaking involves risk (as do liquid restaking platforms).
With that in mind, here are some things to consider before you start restaking:
Despite these risks, restaking can be very rewarding if done carefully. Make sure to do your research and choose reliable platforms like Ether.fi, YieldNest, and Renzo.
By understanding the risks and managing them wisely, you can take full advantage of the benefits of restaking while slashing risks
Liquid restaking is an exciting strategy in the DeFi world that can help you earn more rewards and grow your crypto holdings. By staking and restaking your tokens, you can maximize your returns and support the network at the same time. Platforms like Ether.fi, YieldNest, and Renzo offer great options for liquid restaking, providing flexibility and potential for higher earnings.
As with any investment, it’s important to understand the risks involved and choose reliable platforms. By doing your research and managing your risks, you can make the most of liquid restaking and take your DeFi investments to the next level.
What is liquid restaking?
Liquid restaking allows users to stake their tokens and receive liquid tokens in return, which can be used in other DeFi activities. This method enhances flexibility compared to traditionally staked tokens, offering more opportunities for earning rewards.
How does liquid restaking improve crypto economic security?
Liquid restaking improves crypto economic security by encouraging more users to deposit their tokens, which supports AVSs on EigenLayer. This process helps maintain network stability and security.
What are the benefits of using platforms like Ether.fi and YieldNest for restaking?
Platforms like Ether.fi and YieldNest allow users to earn additional rewards through EigenLayer restaking, maximizing their returns. These platforms offer advanced features and strong security, making them ideal for managing restaked tokens.
Is liquid restaking safe?
Liquid restaking can be safe if you choose reliable platforms and understand the risks, such as market fluctuations and smart contract vulnerabilities. However, remember this content is for informational purposes only, and you should do your own research before investing.
Over the past year, EigenLayer has gained massive popularity with over 5 million ETH ($16+ billion) restaked on the platform. The protocol claims the 2nd largest dapp by total value locked, second only to Lido Finance.
Restaking is a concept pioneered by EigenLayer that enables builders to share Ethereum’s security base by using staked ETH as collateral for validators. Developers use EigenLayer to leverage Actively Validated Services (AVSs) to decentralize various categories, such as sequencers, AI, co-processors, oracles, and beyond.
Users can deposit ETH assets in exchange for heightened rewards, such as ecosystem airdrops and Restaked Points. Season 1 concluded in March, distributing the highly anticipated EIGEN token to restakers. The next season is currently underway, with a similar EIGEN allocation to be distributed to restakers at the end of season 2.
Listed in December 2023, Origin Ether was among the first LSTs to be integrated for restaking on EigenLayer. Restaking can be highly rewarding for LST holders, as there have already been several airdrops users have qualified for. Below, we’ve outlined how you can get started restaking Origin Ether, as well as ways to keep your funds liquid while restaking.
Restaking OETH on EigenLayer is a fairly straightforward process. There are a few key considerations, such as liquidity and rewards, that you should take into account before starting your restaking journey. Let’s delve into Ethereum restaking, and how you can get started by using Origin Ether.
In order to restake on EigenLayer, you must first hold Origin Ether or another supported token on the platform. OETH is one of the top yielding LSTs on EigenLayer, enabling you to earn competitive staking yields while earning restaking rewards.
If you don’t already own Origin Ether, you can swap ETH for OETH on Curve, or visit the Origin dapp to get OETH. The Origin dapp intelligently routes transactions through AMMs and direct minting to guarantee the best available rate on your swap.
Once you’ve navigated to the swap page, connect your wallet and approve your ETH to be used on the dapp. Then, enter the amount of ETH you want to swap for OETH, and sign the transaction from your wallet to execute the trade.
Next, visit the EigenLayer dapp and navigate to the OETH restaking page. The dapp shows your current restaked balance, as well as the market capitalization and total amount of restaked tokens by asset type.
To get started with restaking, enter the amount of OETH you’d like to deposit on EigenLayer and approve the spend from your wallet.
Before you submit the transaction, you will be able to select an operator for your restaked OETH. While there are dozens of operators you can chose from, popular operators include EigenYields, P2P, and AltLayer.
Once you’ve entered the amount of OETH you wish to restake and selected an operator, you can submit the transaction by approving the transaction from your wallet. Once finalized, you will begin earning Eigen Restaked points on top of your OETH yield.
Note: EigenLayer withdrawals take 7 days to finalize. This means that you will not have access to your tokens immediately after withdrawing, so make sure to account for this when managing your position.
Due to the liquidity restraints on EigenLayer, some users opt to restake their OETH through liquid restaking tokens (LRTs). Liquid restaking tokens operate similarly to LSTs, where users hold a liquid version of the restaked asset instead of locking funds directly.
On top of liquidity benefits, users can also earn additional rewards from LRT airdrops and incentives. PrimeStaked is the platform of choice for liquid restaking with Origin Ether, and an airdrop has been confirmed by the passage of YieldNest’s governance proposal. Users who hold primeETH and migrate to ynLSD following the migration will be eligible for multiple seasons of the YND airdrop, slated for H2 2024.
Restaking your OETH can be a great way to increase your rewards on Origin Ether. EigenLayer users earn Restaked Points, which directly translate into EIGEN tokens at the end of each season. While EIGEN is not currently transferrable, pre-markets have indicated a value around $10 per token at the time of writing.
Season 2 is currently underway, with 5% of the total EIGEN supply being allocated to restakers. A third season has been confirmed, so restakers can expect heightened rewards via EIGEN through 2024. Following season 3, restakers will continue earning rewards from EigenLayer AVSs and potential airdrops from ecosystem partners.
For further support or questions on how to restake Origin Ether, we invite you to join our team in Discord.
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’s superior peg-keeping and battle-tested codebase make it one of the space’s most versatile liquid staking tokens (LSTs). As such, OETH boasts diverse integrations on leading DeFi money markets across Ethereum and beyond.
Users can harness these pools to take advantage of generous incentives on offer. Simply follow the steps below to start using OETH on money markets.
As OETH is rebasing, wrapped OETH (wOETH) is integrated with money markets for streamlined accounting. Unlike OETH, wOETH increases in price relative to ETH as staking rewards are earned. These money markets, such as Morpho and Silo, offer wOETH liquidity pools for lending purposes. Users can put up wOETH as collateral in these pools to borrow assets, or supply liquidity to earn a share of fees on the pool.
You can acquire OETH directly via Origin’s all-in-one dapp. Simply visit the dapp, connect your Web3 wallet, and deposit ETH or WETH to receive wOETH.
wOETH boasts incentivized pools on both Ethereum Mainnet and Arbitrum. Arbitrum pool incentives run until August, with boosted yields available on Silo Finance.
Should you wish to use wOETH on Arbitrum, you’ll need to bridge to the network via the Origin dapp.
Check out our bridging guide for step-by-step instructions.
At present, users can choose to take advantage of the wOETH Morpho pool on mainnet and the Silo pool on Arbitrum.
With more than $2m in WETH liquidity, the co-incentivized Morpho wOETH/WETH pool offers deep liquidity and robust incentives. Origin is distributing OGN incentives to WETH lenders until August to bolster usage.
Silo’s wOETH-ETH-USDC.e market offers deep incentives for users. As the leading money market on Arbitrum, Silo boasts significant traction on the network. The pool has been co-incentivized by Silo and Origin, currently resulting in borrowers earning yield.
Looping wOETH on leading money markets allows you to leverage up on staking yield and compound returns. At its core, the strategy is fairly straightforward. Let’s examine Morpho’s pool as an example:
While users can loop wOETH manually using these steps, this can require significant time and effort, in addition to gas costs. Fortunately, several innovative platforms automate this process, offering one-click strategies with vast compounding opportunities. These platforms incorporate flashloans to make looping as seamless as possible.
Morpho’s wOETH pool has been integrated with leveraged staking pioneers, Summer.fi and Contango.
Check out our guides to begin looping on Morpho’s mainnet wOETH pool:
Liquidity pools are a core piece of DeFi infrastructure that allow users to easily trade tokens without using a centralized exchange or intermediary. Instead of using order books for liquidity, DEXs use liquidity pools. Liquidity pools are smart contracts that hold tokens for users to trade with; in the case of OETH, most liquidity pools use the OETH/ETH pair.
Origin Ether has deep liquidity across several liquidity pools, allowing traders to easily swap into and out of OETH. Users that provide liquidity to these pools are rewarded with trading fees, as well as staking rewards and incentives on certain pools delineated below.
Liquidity provision for Origin Ether (OETH) is a fairly straightforward process that is similar to providing liquidity with any other ERC-20 token. There are a few key considerations to keep in mind, however. One key distinction is liquidity provision for Wrapped Origin Ether (wOETH) vs. Origin Ether (OETH); wOETH will continue earning staking rewards by default, whereas smart contracts using OETH must opt into yield to earning staking rewards.
As OETH liquidity is paired with ETH, liquidity providers face minimal impermanent loss when providing liquidity. This is attractive for users who want to accumulate ETH without risking directional exposure to non-ETH pegged assets. Let’s delve into how to provide liquidity with OETH below.
The first step to provide liquidity on Origin Ether is to acquire both ETH and OETH (or wOETH). Since OETH liquidity pools are paired with ETH, you will need both tokens to provide liquidity. OETH is the primary token for liquidity provision on ETH mainnet, while wOETH is more commonly used on Arbitrum.
The Origin dapp lets you swap ETH for OETH, routing the transaction through whichever protocol offers the best conversion rate at the time of the swap.
Next, chose the network where you would like to provide liquidity. Origin Ether is currently supported on Ethereum mainnet and Arbitrum, with several liquidity pools supported between the two networks.
The primary liquidity pools on Ethereum mainnet are supported by Curve and Uniswap. Gyroscope is the primary liquidity pool for wOETH on Arbitrum, which routes liquidity to the wOETH/ETH Balancer Pool. Liquidity provision on Gyroscope is currently incentivized by Origin’s Arbitrum grant, allowing liquidity providers to earn bonus yield in the form of ARB tokens until August 2024.
Once you’ve selected your network and liquidity pool, it’s time to provide liquidity using your tokens. You’ll be prompted to enter the amount of liquidity you’d like to provide; once entered, you will need to sign approvals from your wallet to allow the DEX to access your tokens. Once approved, you will be prompted to sign a transaction to send your tokens to the liquidity pool.
Transactions typically take between 30 seconds and 2 minutes to finalize. Once finalized, you will be able to view your position under the liquidity tab on the dapp you chose to provide liquidity on. DEXs don’t employ lockup periods, so you may withdraw your tokens at any time.
Users that provide liquidity with OETH and wOETH are able to earn trading fees on their tokens while maintaining their ETH exposure on both sides of the token pair. Earnings are amplified by pools that use wOETH or opt into OETH yield, as liquidity providers on these pools earn both trading fees and staking rewards. Currently, the Gyroscope pool on Arbitrum offers the most attractive rates for wOETH liquidity provision.
Certain pools are further incentivized by rewards tokens, such as CRV and ARB. The OETH/ETH pool on Curve has incentives streamed to the pool each epoch, while the Gyroscope pool on Arbitrum will stream ARB rewards to users until August 2024.
For additional help with OETH liquidity provision or to join us on our journey of creating the most composable LST on the market, join our Discord and get involved.
We are delighted to announce that Clément Moller has joined the Origin Protocol team as a Smart Contract Engineer!
Clément brings a wealth of experience and a proven track record of significant accomplishments in both the blockchain and research sectors. His background includes publishing research papers for the American Society of Mechanical Engineering and the European Turbo-machinery Conference while working as a researcher engineer at the German Aerospace Center (DLR).
Additionally, Clément has designed StakeDAO's "OnlyBoost" architecture, a fully automated, on-chain, and decentralized system that optimizes LP deposits between Convex and StakeDAO, enhancing efficiency for yield seekers. He also developed the pre-deposit vault for Swell L2, which has achieved a significant Total Value Locked (TVL) of $1.4 billion, showcasing his expertise in creating high-impact blockchain solutions.
Clément's interest in crypto began in 2017 after seeing Bitcoin on the news. He started learning about blockchain and how tokens work, and by 2020, he was coding smart contracts for fun in his free time. He then posted on Twitter, offering to work as a junior developer for free to gain experience, which led to an opportunity with the StakeDAO team. For nine months, he balanced his work at the German Aerospace Center with his passion for Web3 before making the switch to work on different projects like StakeDAO, SwellNetwork, Prisma Finance, and DeFi-Money, eventually joining Origin Protocol.
Clément chose to join Origin after meeting our Senior Solidity Engineer, DVF, whose skills he had admired at crypto conferences they attended. He realized that Origin Protocol was a serious company building real solutions after his interviews, where he found everyone to be smart, talented, and equally passionate about decentralization. The shared values and the impressive team made his decision to accept the offer an easy one.
“I chose Origin mainly because I wanted to work with DVF,” Clément shared. “I figured if he was at Origin Protocol, it must be a serious company building real things. After my interviews, I realized everyone at Origin was smart, talented, and cared about decentralization as much as I do. We shared the same values, which made me decide to accept their offer.”
Clément is passionate about Decentralized Finance, especially the aspects of being censorship-resistant and eliminating the need for intermediaries. In his free time, he loves to travel and explore nature. A fun fact about Clément: he received the offer on a Friday morning and was asked to join the team for the off-site in Vancouver by Sunday, despite being based in France! Needless to say, Clément has hit the ground running at Origin.
Clément on a hike in Madeira, Portugal
Please join us in welcoming Clément Moller to the Origin Protocol team! We are excited to see the innovative solutions and expertise he will bring to our projects.
With the successful passage of a recent governance proposal, Origin is embarking on a long-term partnership with liquid restaking innovators, YieldNest. This integration will see primeETH merge with YieldNest’s native LRT, ynLSDe.
YieldNest has earmarked substantial incentives for PrimeStaked users, including token allocations for PrimeStaked XP holders and those who migrate to ynLSDe. Specifically, users can qualify for an allocation to the protocol’s governance and value accrual token, YND, over multiple phases. Excitingly, xOGN holders can also be eligible to receive YND during the YieldNest TGE.
Users can connect their wallets to YieldNest's portfolio page to check their balances.
Key Dates:
YieldNest’s incentive structure meaningfully rewards the Origin community for migrating TVL to the protocol. The protocol aims to be the most community-centric LRT platform, allocating at least 60% of the total YND supply to the YieldNest and Origin communities. YND will be distributed across multiple seasons to reward ongoing support.
A snapshot of users’ Prime XP holdings will be taken when the migration goes live. Holders qualify for a pro-rata share of YND based on how much primeETH XP they have accrued.
Users who migrate to ynLSDe will qualify for future seasons of YieldNest airdrops, with Season 1 commencing on August 15th. In order to best reward users as the protocol grows, YieldNest plans to scale its airdrop allocations in tandem with its TVL growth.
YieldNest’s initial incentives will amount to more than 15% of the total YND supply, which is substantially higher than similar protocol airdrops.
YieldNest plans to allocate up to 2.5% of YND supply to xOGN stakers, available to claim at TGE. This allocation rewards the Origin community as a whole for contributing TVL to YieldNest’s product suite.
We appreciate the community’s support as we finalize PrimeStaked’s future trajectory. With work on migration and withdrawal mechanics reaching completion, users will soon be able to migrate their holdings and accrue substantial YND incentives for their participation.
Make sure to follow us on X and join the Origin Discord server to keep up with the latest updates as they’re announced.
