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.
Radiant Capital has introduced an innovative system called Radiant Innovation Zone (RIZ) markets. These RIZ markets are specialized lending pools that allow users to lend, borrow, and loop assets in isolated markets.
Super OETH, with its high base yield and deep liquidity, has become a prime asset for DeFi users looking to maximize their returns on platforms like Radiant Capital. The Super OETH RIZ market offers a unique opportunity to leverage your assets with an 80% loan-to-value (LTV) ratio, allowing you to potentially earn both base market rates and additional rewards in RDNT emissions.
In this guide, we’ll walk you through how to use Super OETH on Radiant, step-by-step.
Radiant’s platform allows you to deposit Super OETH as collateral and borrow against it, providing you with the opportunity to increase your exposure to the asset. With an 80% LTV ratio, you can leverage your Super OETH up to 4x, boosting your potential yield significantly.
Here’s how to get started.
The first step is to get your assets onto the Base network, where Radiant operates.
You can do this by using cross-chain bridges like Symbiosis and Router Nitro, both of which support cross-chain swaps to Super OETH. Alternatively, you can send ETH directly from exchanges like Coinbase to the Base network. Keep in mind that you’ll need a small amount of ETH on Base to cover gas fees for transactions.
Once you’ve bridged to Base, the next step is to acquire Wrapped Super OETH (wsuperOETHb). If you don’t already have Super OETH, you can swap ETH for Super OETH on platforms like the Origin Dapp or Aerodrome.
After obtaining Super OETH, you’ll need to wrap it. Just visit the Origin Dapp to wrap your tokens into wsuperOETHb, which is what’s used on the Radiant platform.
Now that you have wsuperOETHb, head to Radiant Capital and deposit it into the wsuperOETHb RIZ market. By doing this, you’re using your wsuperOETHb as collateral, which allows you to borrow ETH or other supported assets against your position.
To do so quickly, make sure you have “Base” selected on the network toggle, and search for OETH on RIZ:
From there, just click on wsuperOETHb / WETH to make your deposit.
The platform offers a streamlined process, and once deposited, your Super OETH starts earning yield while providing liquidity to the market. If you need more help making a deposit, check out this guide from Radiant.
For users looking to maximize their ETH yield, Radiant offers a one-click looping feature. Looping allows you to borrow against your Super OETH, take the newly acquired ETH, and reinvest it to increase your overall exposure.
Radiant's platform simplifies this by allowing you to select your leverage between 1-4x using a slider:
Once you've chosen your desired leverage, approve the transaction from your wallet, and the rest of the process is automated. This method can significantly enhance your yield, but be mindful of the risks associated with increased leverage.
Super OETH presents several compelling opportunities in DeFi, thanks to its high base yield, strong peg to ETH, and deep liquidity. The ability to leverage Super OETH on platforms like Radiant allows users to take full advantage of its yield-generating potential while maintaining access to liquidity through decentralized markets. These features make Super OETH a versatile asset for anyone looking to optimize their earnings strategies.
For more yield opportunities with Super OETH, visit our DeFi opportunities page to explore other ways to enhance your returns.
If you're looking for a seamless way to leverage yield on your wOETH, Origami offers a one-click looping solution built on top of Morpho. This guide will walk you through how to deposit your wOETH and start earning competitive returns effortlessly.
Origami is a user-friendly interface that builds on top of Morpho’s money market platform, allowing users to loop their wOETH with a single click. By automating the looping process, Origami simplifies the way users can boost their returns, making it easy to increase exposure without needing to do the tedious process of borrowing and lending in multiple transactions.
Origami offers the convenience of maximizing your yield on Ethereum Mainnet without the complexity of manually looping assets. Through Morpho, wOETH depositors can benefit from peer-to-peer lending, with competitive rates compared to traditional DeFi protocols like Compound and Aave. Origami takes this further by automating the looping strategy, meaning you can increase your wOETH exposure with minimal effort.
Let’s walk through the process to deposit and loop your wOETH on Origami.
Morpho uses wrapped OETH (wOETH), so you will need wOETH to deposit through Origami. If your OETH is not yet wrapped, you’ll need to convert it before interacting with Origami.
Visit the Origin dapp, connect your wallet, and wrap your OETH. Once wrapped, you’ll receive wOETH, which is compatible with both Morpho and Origami.
Go to the Origami dapp, and connect your wallet. Make sure that your wallet is set to Ethereum Mainnet, as wOETH operates on this network.
After connecting your wallet, locate the wOETH market on Origami. Here, you’ll be able to view current interest rates and the looping feature. Origami will automatically loop your wOETH deposits to increase your exposure to 5.5x.
Once you’re in the wOETH market, simply choose the amount of wOETH to deposit and confirm the transaction in your wallet. Origami will automatically execute the looping strategy for you, using the underlying Morpho protocol to compound your returns.
Once your transaction is confirmed, your wOETH will be looped, and you’ll start earning interest automatically. Origami handles the complex process of borrowing and reinvesting without any further action required on your part.
Origami provides a simple dashboard where you can track your wOETH deposits, looping status, and current yields. Since the platform builds on Morpho, you’ll benefit from the increased efficiency and yield optimization Morpho provides, but with the added convenience of automation.
Using Origami with wOETH is a hassle-free way to increase your wOETH exposure with minimal effort. By automating the looping process on Ethereum Mainnet, you can grow your wOETH holdings and take full advantage of the yields offered through Morpho.
Just wrap your OETH, deposit it on Origami, and let the platform do the work for you. It’s an efficient solution for those seeking to optimize their DeFi strategy without the manual overhead. Happy looping!
