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Super OETH and OGN Now Live on Base!

September 9, 2024
Super OETH Launch

DeFi’s 1st Supercharged LST Now Live on Base

Super OETH is now live on Base with a trailing 24-hour APY of 13.5%!

We’re excited to announce the official launch of Super OETH, a novel Supercharged LST that offers DeFi users unmatched yield opportunities on Base. Built with OETH as its foundation, Super OETH maximizes staking rewards by capturing layer 2 incentives, resulting in significantly higher returns compared to traditional LSTs on Ethereum mainnet.

Super OETH is more than just a bridged LST on Base—it’s a new staking solution designed to enhance yield while maintaining the minimal risk associated with traditional LSTs. By tapping into Base’s L2 rewards, Super OETH holders earn far higher APYs than mainnet LST holders, unlocking a new era of efficiency in liquid staking. Supercharged LSTs stand to transform liquid staking on layer 2s, combining the utility of LSTs with increased rewards from L2 incentives.

Super OETH on Base, identified by the ticker superOETHb, is just the beginning of our initiative to provide enhanced liquid staking yield on layer 2s. With plans to expand to other L2 networks this year, we’re driving forward our mission to deliver cutting-edge yield opportunities to DeFi users across the globe.

Super OETH APYs

Super OETH APYs were revealed on the Origin Dapp today, and our first Supercharged LST has offered a competitive 13.5% APY. With no leverage and minimal additional risk, this makes Super OETH one of the most compelling ETH yield products on Base. This impressive yield is achieved by combining Ethereum staking rewards with additional layer 2 incentives. By leveraging OETH as its foundational asset, Super OETH bridges Beacon Chain staking yield to Base, where holders can earn even more through Super OETH’s innovative LP integration.

The enhanced APY is driven by Super OETH’s participation in liquidity pools, starting with Aerodrome. Super OETH integrates directly with Aerodrome’s superOETHb/WETH liquidity pool, where token holders benefit from protocol-owned liquidity that maximizes capital efficiency. In addition to Ethereum staking rewards, Super OETH holders receive additional yield from AERO incentives, further boosting their overall returns. These AERO rewards are automatically compounded back into Super OETH, enhancing the APY and delivering steady, compounding growth on your ether.

By holding Super OETH, users benefit from both Ethereum’s Beacon Chain yield and layer 2 incentives, ensuring consistent returns in a highly efficient manner.

OGN Now Available on Base

Coinciding with the launch of Super OETH, we’ve deployed Origin Token (OGN) on Base, with ample liquidity on Aerodrome. Extending OGN to Base brings Origin Token to a new audience, allowing more users to participate in Origin's ecosystem and benefit from its staking rewards and governance features.

Like Origin Ether, Super OETH will utilize a performance fee that accrues back to OGN stakers. In the case of Super OETH, the performance fee is used to acquire DAO-owned AERO tokens. By building a war chest of AERO, Origin will be able to continuously route incentives to the Super OETH pool, enhancing yield for holders.

As Super OETH matures, a fee switch may be set forth by OGN stakers to change how Super OETH’s performance fee is utilized. This could take form as additional rewards for OGN stakers, or regular OGN buybacks using revenue generated from the protocol.

Getting Started With Super OETH

Getting started with Super OETH is simple and can be done in a few steps. The easiest way to acquire Super OETH is by swapping WETH for Super OETH on the Origin dapp, which routes trades through Aerodrome. To acquire Super OETH, navigate to the Origin dapp, connect your wallet (on Base), and execute a swap between WETH and Super OETH.

Alternatively, users can also swap to Super OETH on Aerodrome. By connecting your wallet to the dapp, you can easily convert your WETH into Super OETH in just a few clicks. The dapp interface is user-friendly and optimized for a seamless experience, giving you another straightforward way to start earning high yields with Super OETH.

Since Super OETH operates on Base, you will need to ensure that you hold funds on Base before swapping to Super OETH. If your assets are currently on another network, you can bridge them over to Base using a multi-chain bridge, such as Across. You can also send funds directly to Base from a centralized exchange like Coinbase, which supports Base withdrawals. Once your assets are on Base, you’re ready to swap for Super OETH and start taking advantage of its enhanced yield opportunities.

What’s Next

Origin’s long-term vision for Super OETH is to make it the top-performing liquid staking token across all major layer 2 networks. With our launch on Base, we’ve taken the first step toward that goal by providing users with a product that offers higher ETH yield with minimal additional risk. Next up, we’ll be expanding Super OETH to Optimism, where it will be traded under the ticker superOETHo, further extending our reach and offering new yield opportunities on another leading layer 2.

In addition, we’re actively working on integrations with top Base protocols. These integrations will unlock new ways for Super OETH holders to earn rewards, whether through lending markets, looping strategies, or other DeFi applications. By collaborating with these platforms, we aim to ensure that Super OETH remains the most flexible and lucrative LST available.

Keep an eye on Origin’s updates on X for the latest on these exciting integrations and future network expansions.

Ryan McNamara
Ryan McNamara
Origin
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