OETH Analytics Improvements

Origin Ether is proudly built on an unwavering commitment to transparency. The recent Proof-of-Yield update enabled users to monitor all aspects of yield generation, in addition to comprehensive metrics on strategies and fund flows.

The team has now added two more features to OETH’s rich analytics portal, giving users even more visibility into the protocol’s dynamics. Users can now view robust metrics on circulating supply as well as yield distribution, leaving no room for uncertainty.

What’s New

Without further ado, let’s dive into what’s new on Origin Ether’s analytics page. 

The Dripper

The OETH Dripper is a novel mechanic responsible for distributing rewards tokens as yield to OToken holders. The Dripper harvests rewards tokens and distributes them to holders over a 7 day period.

This approach ensures that yield is as stable as possible, while also preventing attackers from diluting holders’ returns during large yield spikes. The Dripper mitigates opportunities for flash loan exploits, protecting holders in the midst of high volatility and liquidity events.

With the latest Analytics upgrade, users can monitor yield held by the Dripper, as well as its rate of distribution.

Updated Supply Metrics

OETH’s new supply metrics provide far greater clarity on tokens in circulation.

The Curve AMO forms a core component of Origin Ether’s yield generation. This strategy mints and burns OETH under very strict conditions to keep the OETH-ETH pool balanced and earn yield in the process. OETH held by the AMO is considered Protocol Owned Supply and never truly enters circulation.

In practice, this means that TVL increases when users mint OETH natively. Conversely, swaps on the OETH-ETH Curve pool do not affect TVL but increase circulating supply.

With the latest analytics upgrade, users can now easily distinguish between circulating supply and Protocol Owned Supply to better gauge OETH’s adoption and liquidity.

In addition to circulating supply and funds held by the AMO, OETH’s analytics page also provides insights into OETH’s price relative to ETH. While this is inarguably the most boring chart on Origin Ether’s analytics page, it highlights Origin Ether’s tight peg to ETH. 

As highlighted by the chart, OETH almost always trades within 20 basis points of ETH. Because users can redeem OETH for its underlying collateral at any time, Origin Ether has closely followed ether’s price since launch. 

Building to Empower Users

Origin DeFi is committed to creating innovative solutions that address CeFi’s many failings. OETH’s impressive adoption evidences the rising demand for on-chain yield products that allow users to take full control of their investments.

The latest analytics upgrade is one of many mechanics being tirelessly refined to provide users with the most seamless yield generation offerings in the space.

Stack ETH faster with OETH: app.oeth.com

Explore OETH’s groundbreaking mechanics: oeth.com/analytics