OETH’s on-chain reserves remain liquid and available for permissionless redemption with no gatekeepers. Users can redeem OETH for ETH at any time, placing capital control firmly in the hands of holders.
OETH shares a codebase with OUSD, with 12+ audits and 4+ years of battle-tested code. Changes to the protocol are audited by leading security experts on an ongoing basis.
48 hour timelockUsers are given an opportunity to withdraw their funds before any new code is ever implemented, providing extra security in case of a malicious proposal.
Bug bountiesSecurity is our top priority, and while we've worked hard to ensure safe, reliable code, we offer bug bounties for any overlooked vulnerabilities.