Every month, the Origin team publishes an update to our token holders and the broader community. We hope you enjoy our March 2024 edition.
We marched through the month with Layer 2 expansion, PrimeStaked upgrades, and continued TVL growth for OETH.
Welcome to Origin’s March Token Holder Update! Last month, we increased Origin’s accessibility, made major product improvements, and prepared for Origin Token’s big reveal. Alongside these developments, Origin DeFi continued to increase its total value locked, surpassing $200 million across OETH, OUSD, and primeETH.
Major developments from March include:
Before diving into these developments, we have exciting news regarding OGN and its product roadmap. The wait is over!
We’re ready to reveal what’s been going on behind the scenes for OGN.
Origin’s gearing up for its next product launch, which will feature new tokenomics, a refreshed brand image, and multiple new products in the realm of DeFi. Inching closer by the day, the new product for OGN will be revealed in Q2, 2025…
April Fools! Before you throw your device at the wall – good news. A governance proposal highlighting the next era for OGN will be posted tomorrow.
Origin DeFi Governance (OGV) showed strength in March, reaching over 4,000 on-chain token holders for the first time. With protocol revenue increasing to nearly $5,000 per day, OGV tokenomics have greatly improved year-to-date.
Several OGV governance proposals were passed last month. The most notable proposal aims to Simplify and Strengthen Origin Ether, upgrading its design to be more akin to a true LST. As such, OETH will soon support native ETH staking, while keeping its peg-keeping and enhanced yield functionalities.
Thanks to this new simplified design, Origin Ether’s redeem fee will no longer be necessary. Put in place to mitigate volatility risk from LSTs held as collateral, the redeem fee acts as a line of defense against arbitrage. OGV stakers passed a proposal to lower the OETH redeem fee from 0.5% to 0.1%, with plans to eliminate the redeem fee completely once OETH completes its transition to a true liquid staking token.
Also last month, OGV stakers passed a proposal to upgrade its buyback contracts to use 1inch. As the leading DEX aggregator on Ethereum, Origin can take advantage of deeper liquidity and less slippage by routing token buybacks through 1inch. This results in larger buybacks for both OGV and CVX on a unit basis.
Here’s how OETH and OUSD are working nonstop to earn you passive yield.
Origin Ether’s 30-day trailing APY sat over 4.1% in March. Its trailing 7-day APY has seen steady improvements, tapping 6% APY on March 23rd. As LSTs are divested in accordance with the recent proposal to strengthen OETH, ETH will continue to get reallocated to Origin Ether’s highest-yielding strategy.
Origin Dollar’s 30-day trailing APY saw a substantial increase in March. Its 30-day trailing APY came in at over 13%, marking a 100% month-over-month increase. Stablecoin lending rates have shown strength with new demand for leverage, and OUSD has taken full advantage. Currently earning the lion’s share of yield from its Morpho Aave strategy, Origin has also earned a significant MORPHO allocation in the process.
Learn how you can get involved in our expanding LST ecosystem, both on Arbitrum and Ethereum Mainnet.
Origin began its Layer 2 expansion in March by launching wOETH on Arbitrum. Our multichain initiative is powered by Chainlink CCIP, the industry standard for secure cross-chain communication. Arbitrum is the leading layer 2 by several metrics, and its established DeFi ecosystem enables new use cases and yield sources for OETH holders on the network.
OETH received its first centralized exchange listing last month, with several other CEXs in the pipeline for 2024. Origin Ether is now listed on Poloniex, further expanding Origin’s reach to new audiences. Founded in 2014, Poloniex is an OG in the space with daily trading volumes reaching over $1 billion per day.
On the PrimeStaked front, support for native ETH restaking was made possible through P2P.org and ssv.network. P2P.org is a leading staking provider with over $4 billion in AUM––the platform also integrates with ssv.network to support distributed validator technology (DVT). Our integration with ssv.network makes primeETH holders eligible for SSV token incentives, while also reducing fault tolerance for a more robust staking experience.
We’re expanding regional efforts and rolling out new campaigns for Origin OGs!
Origin’s APAC presence is expanding significantly with new localized platforms for our Chinese and Korean communities. Subscribe to our Chinese YouTube channel for fresh content and join the Chinese Telegram group to participate in regional campaigns. Also, make sure to be on the lookout for a new Zealy sprint and more opportunities for rewards in the coming weeks.
Looking to contribute more to Origin? Build with us! We’re on the hunt for a Senior smart contract engineer to join our all-star engineering team, as well as a freelance content writer to take charge of our SEO efforts.
Thanks for reading through our March Token Holder Update! We’re incredibly excited to share our new vision, products, and roadmap for Origin Protocol, which will be made public tomorrow. To stay in the know, be sure to follow us on X and join our community on Discord.
Want to learn more about what’s going on at Origin Protocol? Here’s a list of some of our most popular blog posts from March:
We’re excited to announce that Origin Protocol has integrated Chainlink CCIP—the industry standard for secure cross-chain interoperability—across the Ethereum and Arbitrum mainnets. We’re leveraging CCIP’s Simplified Token Transfer capabilities to facilitate cross-chain transfers of our liquid staking token, OETH, enabling a more seamless liquid staking user experience.
We selected CCIP as our preferred interoperability solution because Chainlink has the most proven track record of maintaining the highest standard of security and reliability in the Web3 industry. Furthermore, CCIP is backed by the Risk Management Network—a separate, independent network that continually monitors and verifies cross-chain operations for suspicious activity. This additional layer of security is particularly important given historical industry exploits that have lost billions in user funds due to insecure and unreliable cross-chain infrastructure.
Origin Ether (OETH) is a liquid staking token (LST) with ultra-low slippage and enhanced yield capabilities. The OETH smart contracts generate yield by deploying the deposited collateral into DeFi protocols such as Curve and Convex, while also earning ETH staking yield.
In order to help secure our cross-chain LST transfers, we needed access to a highly secure and reliable interoperability solution. After reviewing various solutions, we integrated Chainlink CCIP because it provides a multitude of important benefits and features, such as:
Origin Protocol is also exploring the use of Chainlink CCIP to enable users to stake from layer-2 networks, starting with Arbitrum.
“We’re excited to integrate Chainlink CCIP to help secure cross-chain transfers of OETH, Origin’s liquid staking token. By leveraging CCIP’s leading security features and battle-tested infrastructure, we can streamline the use of OETH across the multi-chain ecosystem.”— Josh Fraser, Co-founder of Origin Protocol
About Chainlink
Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $10 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, off chain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.
About Origin Protocol
Origin DeFi builds yield-bearing assets that allow users to receive yield without staking, lockups, or active fund management. The protocol released the first yield-bearing stablecoin in 2020, attracting hundreds of millions of dollars in investment since launch. The protocol created Origin Ether in 2023 to offer yield from liquid staking, attracting hundreds of investors and $150M+ in capital.
With a current trailing 30-day APY of more than 10%, Origin Dollar (OUSD) offers some of the best risk-adjusted returns in the stablecoin space.
OUSD employs groundbreaking strategies to generate yield for users, without exposing funds to high-risk mechanics or directional exposure. These strategies deploy reserves of USDT, USDC, and DAI to blue-chip DeFi protocols, empowering holders to earn passive yield without compromise.
Let’s take a look at the current landscape of Origin Dollar, highlighting the strategies used to earn enhanced stablecoin yield, compounded directly in your wallet.
Morpho serves as a novel peer-to-peer layer that allows borrowers and lenders to be matched with maximum efficiency on Aave and Compound. This utility generates far higher returns than using Aave or Compound directly.
As a result, OUSD can farm both protocols more effectively to deliver increased rewards for users from lending, liquidity mining, and rewards tokens.
At present, more than 75% of OUSD’s reserves are allocated to Aave via the Morpho strategy.
Origin Dollar’s Morpho integration has the unique benefit of farming additional token rewards. OUSD has earned the protocol more than 2% of the MORPHO token allocation. Morpho’s upcoming Token Generation Event (TGE) will create liquidity for these tokens, and Origin DeFi Governance (OGV) stakers will be able to vote on how to handle the influx of capital.
Visit Morpho’s markets to explore how the matching engine boosts APYs on underlying assets.
As the creators of DAI, MakerDAO is a pioneer in the decentralized stablecoin space. The project’s DAI Savings Rate (DSR) was introduced to support the DAI peg and stabilize supply.
Users can deposit DAI to the DSR via Spark, Maker’s native lending platform. DAI held by Origin Dollar is deposited to Spark via the Maker strategy, currently delivering APYs in excess of 15%.
OUSD’s best-in-class yield generation is complemented by a rich feature set that makes DeFi as seamless as possible for users. In contrast to many other protocols, OUSD’s yield distribution is fully automated, with yield distributed directly to holders’ wallets. This approach saves users significant time and gas costs, while also allowing users to automatically compound their holdings.
Additionally, Origin Dollar’s open-source codebase is designed with an unerring focus on security. The project has been rigorously battle-tested by the likes of OpenZeppelin, TrailofBits, and Certora. OUSD is only one of six digital assets to receive a AAA security rating from industry leading coverage firm, InsurAce.
By staking Origin DeFi Governance (OGV), holders can wield voting power to make a direct impact on OUSD’s allocations and mechanics. At the same time, OGV stakers earn a share of OUSD’s revenue, cultivating a uniquely rewarding ecosystem.
Get going with OUSD now to stack USD faster: https://app.ousd.com/
Decentralization is more than a meme at Origin – it directly informs our vision and the products we build. With ETH staking dominated by a handful of platforms, the network faces increased centralization risks. Distributed Validator Technology (DVT) addresses this by splitting validator keys and responsibilities into multiple roles, thus greatly enhancing Ethereum’s network security.
With this in mind, we’ve teamed up with validation service providers P2P.org to integrate DVT on PrimeStaked. Specifically, native ETH will be staked to using ssv.network via P2P.org, with users earning significant incentives as a result!
SSV network pioneers DVT for ETH staking. Thanks to this partnership, PrimeStaked users can now earn SSV incentives that boost staking APYs by 40%, over and above existing rewards from staking yield, EigenLayer Points, and primeETH XP.
Users can deposit any amount of native ETH to PrimeStaked to participate. Deposited ETH is then staked in batches of 32 ETH to SSV. Finally, this ETH is restaked to EigenLayer to accrue EigenLayer Points for users.
Beyond providing a seamless and lucrative avenue for restaking ETH, the distributed nature of this approach holds major long term benefits. By utilizing DVT through ssv.network, PrimeStaked is actively bolstering Ethereum’s sustainability as a global decentralized network.
With this launch, PrimeStaked users now accrue four forms of yield, while retaining full capital control in primeETH.
Take your place at the forefront of liquid restaking:
Origin Ether entered the liquid staking market 10 months ago, offering a novel LST aggregation mechanism to boost liquid staking APYs. OETH has grown to nearly $200 million in total value locked, exceeding liquidity requirements for various DeFi integrations.
Over the last few months, we’ve validated that composability is a major catalyst for OETH adoption. Integrations like Pendle and EigenLayer have increased Origin Ether’s TVL by tens of millions of dollars, offering users increased optionality for earning yield on OETH.
As such, Origin DeFi Governance (OGV) stakers have passed a proposal to simplify Origin Ether’s design to optimize for new ecosystem integrations. Operating as a true liquid staking token, the simplification expands OETH’s total addressable market. This invariably translates to added value for veOGV holders, who earn a share of revenue generated by the protocol.
This marks an exciting new chapter of OETH composability, unlocking integrations that were previously out of reach. Let’s delve into Origin Ether’s upcoming design changes and what you can expect moving forward.
The most significant change to Origin Ether will be support for Beacon Chain staking. Direct staking will use Distributed Validator Technology (DVT) to increase fault tolerance, decreasing potential slashing risks for holders.
These design changes will make Origin Ether more integration-friendly. Prior to this upgrade, OETH was only as strong as the LSTs that backed it. As a true LST, OETH will be able to better control its risk profile, opening the floodgates for new integrations and utility within DeFi.
In its current design as an LST aggregator, OETH earns yield from a basket of LSTs and audited DeFi strategies. LSTs will soon be divested from the OETH vault, and ETH will be staked directly to the Beacon Chain. To enhance yield generation and stabilize Origin Ether’s ETH peg, ETH will also be allocated to the OETH/ETH Curve pool through Origin’s Curve AMO.
In order to become a superior alternative to other LSTs on the market, Origin Ether will need to earn competitive yield while keeping a tight peg to ether. OETH’s AMO (Algorithmic Market Operations) strategy achieves both of these goals, providing an extremely capital efficient process for earning LP yield while offering low slippage trades between ETH and OETH.
The lion’s share of the OETH yield premium is already earned from Origin’s AMO, which will continue once Origin Ether transitions to its new design. Looking forward, there are opportunities for Origin to expand its AMO to other ecosystems, further strengthening Origin Ether’s peg and earnings potential.
To begin Origin Ether’s transition from yield aggregator to LST, minting OETH with liquid staking tokens has been disabled. Strategists have begun responsibly divesting LST collateral, optimizing for minimum market impact on stETH, rETH, and frxETH.
As these LSTs are divested, ETH proceeds will be allocated to the highest earning strategy before being gradually staked directly to the Beacon Chain. We’ve begun work on choosing a solution for Beacon Chain staking that implements Distributed Validator Technology (DVT) to increase fault tolerance and aid in Ethereum’s decentralization.
Along with these updates will come a reduction in OETH fees. With Origin Ether’s more simple design, additional defenses against de-pegging are no longer relevant. As such, Origin Ether’s redeem fee will decrease from 0.5% to 0.1%.
Origin’s AMO has the potential to expand to new ecosystems, further strengthening Origin Ether’s ETH peg and earning new yield for holders. To stay tuned to these upgrades and future plans for Origin Ether, be sure to join our Discord and participate in OGV governance.
Eigen Bonus Week is upon us! To celebrate the launch of native ETH restaking on PrimeStaked, we’re offering up a piping hot serving of bonus EigenLayer Points and primeETH XP. Take part in EigenLayer Bonus Week starting on March 18th at 7pm UTC (12 pm PDT) to boost your restaking rewards, while also earning staking yields, primeETH XP, and SSV token incentives!
EigenLayer grants restakers 24 points per ETH restaked, per day. For the first 24 hours, PrimeStaked restakers earn a 4.20x boost on EigenLayer Points. This boost decreases incrementally across the week:
This means that users who deposit to primeETH before Eigen Bonus Week starts can earn up to 156.72 extra points per ETH restaked!
Eigen Bonus Week starts soon, and there are a few things you should know about the campaign before it begins on March 18th:
Beyond deposits, you can also boost rewards by tapping into your network. When you refer someone to PrimeStaked, the referee earns a 20% boost on PrimeETH XP! At the same time, referrers earn a stream of 20% primeETH XP from each user signed up, giving you a unique opportunity to climb the primeETH ranks.
Get started with PrimeStaked now to lock in a diverse array of rewards. Make sure to follow us on X and join Origin’s discord to stay up to date with the latest developments.
EigenLayer’s LST deposit window may be over, but we’re just getting started. Today, we’ve added ETH deposits to PrimeStaked’s Michelin-grade menu, allowing you to restake native ETH at your leisure to earn multiple streams of incentives.
In addition to minting primeETH directly on PrimeStaked, holders can also take advantage of the ETH/primeETH Uniswap pool to acquire primeETH. Both swaps and mints are eligible for Eigen Bonus Week, which we’ll delve into further below.
We’ve turned up the heat in preparation for native ETH restaking. New deposits to primeETH will receive up to 156 bonus EigenLayer points per ETH deposited, and our integration with ssv.network enables primeETH holders to earn boosted staking APYs up to 40% from SSV token incentives.
To celebrate the launch of native ETH deposits, we’re offering up to 1 million EigenLayer Restaked Points from our treasury to new depositors. Early depositors will receive the biggest rewards, starting at up to 156 EigenLayer Points per primeETH held.
Eigen Bonus Week will start on March 18th at 7pm UTC (12pm PDT). For the first 24 hours, new depositors will earn a 4.20x boost on their EigenLayer points. For the following 3 days, holders will earn a 1.69x boost, followed by a 1.420x boost for the final three days. As a reminder, Eigen Bonus Week will end when all 1 million EigenLayer Points are allocated, or when the 7-day period concludes.
To qualify for Eigen Bonus Week, you’ll need to mint primeETH or swap for primeETH on Uniswap before or during the campaign. Get in early to maximize your points. Users that deposit ETH for primeETH before Eigen Bonus Week starts will earn bonus points through the entirety of the campaign (or until the 1 million points run out).
Any amount of ETH can be deposited on PrimeStaked. Since native ETH staking requires a minimum of 32 ETH, PrimeStaked will stake ETH deposits in batches of at least 32 ether, then restake these funds on EigenLayer to earn Restaked Points.
PrimeStaked implements distributed validator technology (DVT) through its integration with ssv.network. By using ssv.network, primeETH holders become eligible for SSV token incentives, adding an additional bonus for restaking via PrimeStaked. While rewards are variable, ETH staking APYs are currently boosted by 40% through SSV token incentives.
In contrast to LSTs, EigenLayer’s ether deposits are uncapped, allowing node operators to restake their holdings without time or size constraints. PrimeStaked integrates P2P.org as its staking provider, offering a seamless way to restake ETH while earning SSV incentives. At present, more than 1.3M native ETH has been restaked to EigenLayer.
Restaking with PrimeStaked serves up tantalizing opportunities for ETH holders. Depositing native ETH allows you to mint the platform’s versatile LRT, primeETH, offering maximum capital efficiency and unlocking liquidity for use in DeFi and beyond. At the same time, restakers accrue staking APYs, EigenLayer Points, SSV token incentives, and primeETH XP.
PrimeStaked is your gateway to earning four streams of rewards in a single platform. Earn ETH staking yield boosted by SSV token incentives, and position yourself for future rewards from EigenLayer and PrimeStaked.
We’re cooking up a gourmet selection of new features for PrimeStaked adopters. Join the Origin Discord and follow us on X to be first in the door.
We’re thrilled to announce that Anna Wang has rejoined Origin to accelerate user acquisition and propel Origin’s growth in the APAC region.
Anna’s relationship with Origin stretches back to the company’s genesis in 2017, when she took on the role of regional manager for China. During her first tenure, Anna cultivated Origin’s Chinese community from the ground up to more than 10K active members. Her multifaceted expertise informed partnerships, content strategy, and played a vital role in securing OGN’s listing on Binance.
Prior to Origin, Anna lent her unique insights to some of the world’s largest brands. As a digital account manager at SapientRazorfish, she expanded the presence of global heavyweights including HP and P&G, and helped integrate AR technologies into dynamic digital transformation campaigns. Her deft touch also saw her lead APAC growth efforts for the Billabong Group, where she worked with world-class athletes to cultivate incisive narratives.
Anna shares infectious enthusiasm while discussing her return to Origin.
“I’m excited to be back and leading efforts to reestablish ourselves in Asia. I love being a part of the team, as there’s a really strong focus on being collaborative, on being creative and finding new ways to do things, and just having a lot of fun along the way.”
She also voices high hopes for Origin’s eastward expansion. “Asia is the best place to be right now, with growing institutional adoption of digital assets, strong retail demand and an active effort by governments to clarify and develop regulations.”
Anna’s indomitable spirit permeates every aspect of her life, in Web3 and beyond. A certified ultra-endurance coach, Anna joins us having recently completed a solo cycle across Japan. Her passion for cycling and hands-on problem-solving has led her to take on complex bike restoration projects and assist in building mountain biking trails.
Currently based in Singapore, Anna is also a passionate proponent of mental health and female empowerment. She actively contributes to grassroots initiatives in the region, including facilitating dialogue between parliament members and constituents on key issues.
With Anna at the helm, our APAC community can look forward to dynamic engagement informed by a wealth of incredible experience!
Follow Anna on X to keep up with her journey.
Every month, the Origin team publishes an update to our token holders and the broader community. We hope you enjoy our February 2024 edition.
Welcome back to another Token Holder Update! In this edition, we'll delve into the impressive launch of PrimeStaked, which drew a significant influx of ETH assets. We'll also highlight our strategic partnership with Chainlink's CCIP, aiming to extend OETH's reach across various layer 2 solutions.
Key highlights from February:
Join us as we explore these developments and more, highlighting a month of strategic growth for Origin Protocol.
PrimeStaked saw substantial inflows during its initial 4 day deposit window, with over $30 million in ETH assets deposited for primeETH. This rate of growth was 8 times quicker than Origin Ether's path to $30M in TVL and nearly 60 times faster than that of OUSD!
Deposits on PrimeStaked are scheduled to reopen next week, which will include support for native ETH deposits. We’re collaborating with P2P and ssv.network for native ETH restaking, which remains uncapped for restaking on EigenLayer. By integrating ssv.network, primeETH holders now earn even more from their holdings. Each month, PrimeStaked will accrue SSV token incentives, enhancing ETH staking APYs up to 40%.
There will be ongoing incentives for primeETH holders, including SSV token incentives, a 1.5x multiplier on primeETH XP, and bonus EigenLayer Points coming soon. Users who deposit ETH or swap for primeETH on Uniswap will qualify for Eigen Bonus Week, earning their share of 1 million EigenLayer Restaked Points starting on March 6th.
Early depositors stand to gain the most significant rewards. For the first 24 hours of Eigen Bonus Week, depositors will earn a 4.20x boost on their EigenLayer Restaked Points. For the following 3 days, primeETH holders will receive a 1.69x boost on their Restaked Points, which will decrease to a 1.420x boost for the final 3 days of the campaign. The campaign will last for a maximum of 7 days, but it could end sooner if all 1 million EigenLayer Points are allocated before the week’s end.
It's important to note that only newly acquired primeETH is eligible for PrimeStaked’s Eigen Bonus Week – both minting primeETH and swapping on Uniswap qualify you for up to 156 Bonus EigenLayer Points per primeETH held.
The next era for OGN will come with fundamentally strong products backed by the most compelling narratives that have emerged this cycle. There have been exciting new developments since the decision was made to launch a DeFi product for OGN, and the scope of the project has expanded significantly.
We're committed to ensuring that every facet of OGN’s new product exceeds your expectations. To achieve this, we're taking a bit more time to refine and perfect the details, ensuring that what we deliver is nothing short of exceptional. This is a testament to our dedication to quality and innovation, rooted in our belief that excellence is worth the wait. Stay tuned for updates, and thank you for your continued support and understanding.
In February, Origin DeFi’s ecosystem grew to $165 million in TVL. Thousands of new OETH were minted during EigenLayer’s most recent deposit window, with a significant portion of this newly minted OETH being deposited to PrimeStaked.
This increase in TVL has led to a growth in OGV buybacks and CVX purchases. Last month alone, over $120,000 was utilized to buy back OGV and acquire DAO-owned CVX. The Origin DeFi DAO now owns over 140,000 CVX, which has appreciated considerably over the last month. For a real-time view of the DAO’s treasury holdings, check out the Zapper Dashboard.
We've made strides in enhancing the logic behind OGV buybacks, per our recent governance proposal. Discussions are ongoing in our Discord, where we've outlined a strategy to use fees to bolster OGV liquidity by placing buy orders at 30-day local lows. These limit orders will be executed through an AI agent, developed using OLAS.
Here’s how OETH and OUSD are working nonstop to earn you passive yield.
Origin Ether’s 30-day trailing APY in February moved between 4% and 5%. OETH continues to maintain significantly higher yields than its underlying LSTs: stETH, rETH, and frxETH. Total supply grew by more than 4,000 OETH over the course of the month, thanks to increased PrimeStaked adoption during the latest EigenLayer deposit window.
Origin Dollar’s 30-day trailing APY held steady above 6% across February. OUSD’s reserves continue to accrue significant points for users thanks to Morpho and Ondo integrations, positioning users well for future token rewards.
Learn how you can get involved in our expanding restaking ecosystem, earning points along the way.
EigenLayer’s latest deposit window reignited interest in novel restaking mechanics. EigenLayer added nearly $3B in TVL during the week-long campaign, closing out February with more than $7.7B in restaked assets. More than 20,000 OETH has been restaked, with nearly half of all restaked OETH being deposited through PrimeStaked.
As you may know, Origin’s standards for protocol security are incredibly high. As such, we’ve patiently waited for cross-chain infrastructure that meets our security standards. We’re excited to announce that we’ve found a proper solution–Chainlink’s Cross Chain Interoperability Protocol (CCIP)!
As a CCIP launch partner, OETH is going cross-chain very soon. We’ve been working closely with Chainlink to leverage the protocol’s industry-leading interoperability mechanism. Harnessing CCIP allows OETH to expand to leading Ethereum L2s securely, enabling millions of L2 users to gain access to Origin Ether.
Deploying wOETH on layer 2s allows Origin Ether to tap billions of dollars in idle capital and pursue new yield generation opportunities. At the same time, these deployments broaden accessibility and drastically reduce transaction costs for users.
OETH boasted several more integrations in February, including a presence on Davos Protocol. Launched in early 2023, the next-gen lending platform accepts LSTs and LRTs as collateral for its Collateralized Debt Positions (CDPs). Users can lock holdings of ETH assets including OETH to borrow the platform’s omnichain stablecoin, DUSD.
Meanwhile, Web3 wallet provider SafePal has been integrated across Origin’s Dapps. Check out our quickstart guide to harness all OTokens with SafePal.
Some familiar faces have joined the team – welcome (back) to Origin Protocol, Dev and Anna!
Origin has grown this month with two new additions to the core team. Having first contributed to Origin’s success back in 2018, Anna Wang has returned to spearhead efforts in the APAC region as Head of Asia. We couldn’t be more excited to see what magic Anna has in store!
Alongside Anna, we’re also thrilled to welcome Yasthiel Devraj as our new content marketer. Dev has been crafting long-form content for Origin since 2022 and will be contributing to content marketing in his new capacity.
Additionally, our newest community has seen impressive growth this month, with MENA community manager Zyaad Labib leading the charge with engaging AMAs from Kucoin to Web3 Global. This momentum is mirrored across our global and regional channels growth this quarter and further amplified by our core team's presence at ETHDenver this week, where they are spreading the word about Origin and its upcoming developments.
Watch our Spanish community managers in action during an event with Happ3n here.
Thanks for reading through February’s edition of our Token Holder Update! As the broader market shows a resurgence, we’re getting ready to ship our biggest product overhaul to-date. To stay in the know, be sure to follow us on X and join our community on Discord.
Hungry for more? Here are a few of our favorite pieces of content from February:
