The impressive growth of the Ethereum staking sector has made it one of blockchain’s most explosive verticals. However, this rapid growth has given rise to a new concern of centralization risk. In cases where custodial staking services manage thousands of validators on the network, the risk of a single point of failure becomes more significant.
Regardless of how well these entities operate, allowing this undue influence to grow runs counter to Ethereum’s goals of secure, decentralized scalability. This is why Origin Ether has added support for distributed validator technology, powered by ssv.network and P2P.org. Let’s take a look at how DVT works, and how OETH holders benefit from the implementation.
Distributed Validator Technology (DVT) is a novel technology that addresses issues of centralization by splitting and distributing keys among multiple node operators, thus making node running far more secure and reliable. This marks a distinct departure from traditional mechanics, where a single node operator is tasked with managing all responsibilities.
Rather than using single keys to manage validators, DVT splits these private keys and distributes keyshares to multiple node operators, responsible for maintaining validators.
This structure vastly reduces risk of centralization due to ownership being less concentrated. Rather than relying on a single entity signing transactions from a single machine, DVT allows node operations to be substantially more decentralized through multiple operators.
From a technical standpoint, DVT implements a number of innovations. For example, distributed key generation (DKG) allows participants to generate private keys as “shares”, allowing the key to be split amongst multiple operators without a single participant knowing the entire key. DKG utilizes Shamir’s secret sharing to split the keys before generating key shares. Meanwhile, Multi Party Computation (MPC) is employed to reconstruct the private keys in secret. This way, operators only know their own share of the key.
In practice, nodes are selected by consensus protocols to propose new blocks in a DVT cluster. Proposed blocks are validated by operators adding their key shares to a signature, requiring a majority of keyshares in a similar vein to a multi-sig wallet. Once a block has passed this threshold, the cluster proposes the new block on the network.
DVT’s security base is further enhanced through the inclusion of Istanbul byzantine fault tolerance (BFT), which ensures that validators can still run effectively even if certain operators break network rules.
Origin Ether utilizes both SSV Network and P2P.org to integrate DVT. SSV’s decentralized staking network empowers stakers to split and distribute validator keys across multiple KeyShares, thus simplifying the process of running a validator with multiple independent nodes.
Meanwhile, P2P’s API facilitates access to SSV network’s decentralized validator technology. P2P is also tasked with managing active nodes in Origin Ether’s SSV cluster.
P2P offers stakers an API for node management and operations. The institutional staking powerhouse serves nearly 400,000 staked ETH across more than 12,000 validators.
Drawing on P2P’s node management expertise has allowed Origin Ether to integrate DVT staking seamlessly via SSV, placing OETH firmly at the forefront of LST innovation. P2P manages Origin Ether’s SSV cluster with their expertise in Ethereum staking, ensuring that node operations remain secure and efficient.
SSV’s secure, scalable infrastructure empowers ETH stakers to build effectively with DVT. More than 1M ETH has been staked via ssv.network across over 32,000 validators. Origin Ether leverages SSV to stake ETH to the beacon chain, which also allows OETH to generate additional SSV token incentives that boost OETH yield.
This design implements DVT for OETH, providing the technical foundations for distributed scaling and more competitive yield.
Origin Ether’s DVT integration for native ETH staking highlights a continued emphasis on building technology that upholds crypto’s core tenets of decentralization, security, and user-first scaling. Considered together with OETH’s robust mechanics and superior peg-keeping, Origin Ether is primed to continue cementing its position as the superior LST on Ethereum and beyond.
Follow Origin on X and join the official discord server to keep up to date with the latest Origin developments.
Origin Ether’s expansion to Arbitrum has given rise to a host of new DeFi opportunities across leading protocols. The Wrapped OETH (wOETH) integration on Dolomite offers users the chance to supply collateral and benefit from incentivized APRs.
Dolomite is a next-gen hybrid money market featuring lending and margin trading functionality. With more than $50M in TVL, Dolomite is growing rapidly, claiming a place as one of Arbitrum’s leading lending markets.
At present, users can utilize the Dolomite pool for lending purposes. Upcoming features will allow users to trade and leverage yield up to 5x.
Follow the steps below to use wOETH on Dolomite:
First, you’ll need to acquire wOETH on Arbitrum. Unlike OETH, wOETH does not rebase. This means that earned staking yield directly increases wOETH’s value. Origin’s all-in-one dapp allows you to bridge native ETH or wOETH for wOETH on Arbitrum in a single transaction.
OETH holders will need to swap to wOETH before bridging to Arbitrum. Check out our bridging guide for step-by-step instructions.
Next, head over to the Dolomite borrow page and connect your wallet by following the prompts in the top right corner of the page.
To open a new position, you’ll need to deposit wOETH to the Dolomite pool on the borrow page. After depositing, you’ll be able to borrow WETH against your supplied wOETH. At the time of writing, the pool carries a loan-to-value (LTV) ratio of 80%.
Looping on the Dolomite pool allows you to leverage yield for boosted returns. To do so, you can use borrowed WETH to purchase more wOETH. Depositing this wOETH to Dolomite allows you to increase your position while also borrowing more WETH. Repeating this process further increases potential returns from the pool.
While wOETH does not rebase, the token appreciates in price relative to ETH to reflect accrued staking yield. This makes it an ideal asset for leveraged staking and broader DeFi applications, allowing you to earn compounded yield seamlessly.
Follow Origin on X and join the official Discord server to be the first to hear about upcoming opportunities.
With the recent integration of Wrapped OETH (wOETH) on Silo Finance, Origin Protocol continues to expand its reach within Arbitrum’s DeFi ecosystem. This integration enables users to leverage their wOETH for lending and borrowing in an isolated market, reducing cross-asset risks and providing a tailored transacting experience. The wOETH launch on Silo aligns with Origin’s ongoing ARB incentive program, offering additional rewards for those who utilize the wOETH market on Silo for lending and borrowing.
Silo Finance is a second-generation lending protocol that innovates on money markets by creating isolated lending and borrowing positions. By isolating positions, users maintain exposure to their assets and can choose a market that best fits their risk profile. This means your risk is contained to the assets you provide as collateral, instead of gaining exposure to a basket of assets deposited to the protocol.
With support for Ethereum, Arbitrum, and Optimism, Silo is a multi-chain lending platform with over $130 million in total value locked. Thanks to the recent integration of Wrapped OETH on Silo, users can now lend and borrow against their wOETH on Arbitrum.
The Wrapped OETH market on Silo is a great opportunity for users looking to borrow against their Origin Ether. For a limited time, users that use the wOETH Silo are incentivized with ARB, making both lending and borrowing a profitable endeavor.
Here’s how to get started with wOETH on Silo Finance in 4 easy steps:
You’ll need Wrapped OETH on Arbitrum to get started. This will later be deposited to the wOETH market on Silo Finance. The Origin dapp allows you bridge ETH or wOETH directly to wOETH on Arbitrum, saving you time and gas costs with just one transaction.
Next, head to the Silo Finance dapp and make sure you have Arbitrum selected as your network. Search for the wOETH, ETH, USDC.e market, and review the lending and borrowing rates on offer. The wOETH market is currently incentivized by ARB, so both borrowing and lending have positive yield for users.
Silo’s wOETH market dashboard shows key information, such as utilization rates, total deposits, and total funds available to borrow. Once you’ve reviewed this information, you can connect your wallet and deposit wOETH to Silo Finance.
To deposit your wOETH on Silo, connect your wallet in the upper right-hand corner of the window. Once connected, you’ll be able to enter the amount of wOETH you’d like to deposit to the wOETH, ETH, USDC.e market. Enter the amount of wOETH, click deposit, and approve the transaction in your wallet. Your transaction should finalize shortly thereafter, and your balance will appear on the Silo dashboard.
Once you’ve deposited wOETH on Silo, you can borrow ETH or USDC.e against your Wrapped OETH. The wOETH market has a max loan-to-value ratio of 85%, meaning that you can borrow up to 85% of your collateral value using Silo.
In order to maximize your exposure to wOETH, you may chose to loop your tokens in the Silo wOETH market. This process is fairly straightforward:
You can continue this process to gain 5x leverage on your wOETH position, earning ARB tokens, staking yield, and lending APRs along the way.
Using Wrapped OETH on money markets provides users with unique benefits for earning additional yield. Wrapped OETH appreciates in value relative to ETH, as staking rewards accrue to the token’s price. This ensures that all wOETH holders earn staking yield by default, simplifying the use of wOETH across various DeFi integrations. Additionally, Origin Ether’s tight peg to ETH allows users to loop wOETH with confidence, minimizing volatility risks.
Looking for more help getting started on Silo? Join the Origin Discord and become part of our growing community!
Liquid staking is an exciting way to earn rewards with your crypto. It helps make staking easier and more accessible to everyday investors. But what are the best DeFi protocols for liquid staking? And more importantly, are they right for you?
Below, we’ll explore the top five liquid staking protocols on Ethereum in 2025. But before we get started, let’s get clear on exactly what liquid staking protocols are, how they work, and what makes them unique.
Liquid staking protocols let you stake your crypto tokens and still use them in the DeFi ecosystem. When you stake tokens, you usually lock them up to help secure the network and earn rewards. With liquid staking, you get special tokens in return that you can trade or use while still earning staking rewards. This makes staking much more flexible.
You might be wondering how liquid staking compares to other methods. We can see a comparison by looking at the pros and cons of liquid staking compared to solo staking. Solo staking, or traditional staking, is when you stake your tokens directly by running a validator node yourself. While this can earn good rewards, it has some drawbacks. Running a node requires a lot of technical knowledge, and node operators need to lock up a large amount of tokens, which can’t be used while they’re staked.
For example, to run a validator node on Ethereum, you need to lock up 32 ETH. At current prices, this could be over $90,000, and during this time, those 32 ETH are locked and can’t be used for anything else.
Liquid staking, on the other hand, is much easier. You don’t need to run a node or lock up a lot of tokens. You can stake a small amount, and you get liquid tokens back that you can trade or use in other DeFi activities.
For instance, with a liquid staking protocol like Origin Protocol, you can swap any amount of ETH for OETH, Origin’s LST. You can then use OETH in other DeFi activities while still earning rewards. This flexibility is the main benefit of liquid staking for token holders.
On Ethereum, liquid staking protocols work by letting users stake their ETH and receive liquid staking tokens in return. The entire process works in just a few simple steps, and enables users to have much more flexibility:
Again, the big advantage of this system is that it allows you to earn rewards from staking while still having access to your tokens.
Now that we understand how liquid staking works, let’s look at the top five liquid staking platforms on Ethereum in 2024.
Origin Ether (OETH) is a liquid staking protocol that offers enhanced yield and flexibility. When you stake with Origin Ether, you receive OETH tokens. These tokens can be used in various DeFi activities, allowing you to earn more rewards. Origin Ether also has strong security measures, making it a safe choice for staking.
Lido Finance is one of the most popular liquid staking protocols. When you stake ETH with Lido, you get stETH in return. This stETH can be traded or used in other DeFi projects. Lido makes staking easy and accessible, even for beginners.
Rocket Pool is another great option for liquid staking. It allows users to stake ETH and receive rETH tokens. Rocket Pool is known for its decentralized approach, which means it’s managed by a community of users. This makes it a secure and reliable option for staking.
Binance Staked ETH is offered by the Binance exchange. When you stake ETH on Binance, you get bETH tokens. These tokens can be traded on the Binance platform. This option is good for those who already use Binance and want a simple way to stake their ETH.
Frax Ether is a newer liquid staking protocol that is gaining popularity. It allows users to stake ETH and receive sfrxETH tokens. Frax Ether focuses on providing high yields and has a user-friendly interface, making it a great choice for both new and experienced users.
Liquid staking is a game-changer for anyone involved in blockchain networks and decentralized finance (DeFi) activities. It’s not just about staking your tokens; it’s about staking smarter.
By allowing users to stake their tokens while still having access to them, liquid staking introduces a new level of flexibility and usability that traditional staking methods simply can’t match. This innovation makes participating in the proof of stake (PoS) ecosystem more accessible and efficient for everyone.
Flexibility: One of the standout benefits of liquid staking is the ability to stake small or large amounts of staked assets while still being able to use those tokens in other activities. Whether you’re part of a staking pool or exploring individual opportunities, liquid staking ensures you’re not locking up your assets without options.
Increased Earnings: With liquid staking, your tokens can work double duty. By leveraging staking services, you can earn staking rewards while simultaneously participating in yield farming or other activities in the DeFi space. This dual-earning potential creates a more dynamic and lucrative environment for participants.
Network Security: Liquid staking contributes to the overall network security of blockchain networks like the Ethereum network. By encouraging more people to stake their tokens, these protocols help reinforce the stability and reliability of proof of stake (PoS) systems, making the entire ecosystem stronger.
Ease of Use: Unlike traditional staking, which can be complicated, liquid staking is designed to be straightforward. Whether you’re new to staking services or an experienced participant in decentralized finance (DeFi), the simplicity of these systems ensures accessibility for users of all levels.
Using a liquid staking protocol can be very rewarding, but like all investments, it carries a degree of risk. To really understand whether liquid staking is worth it for you, you need to to understand the specific risks involved.
Here are some things to consider:
If you can tolerate these risks, liquid staking can be a great way to earn rewards as long as it’s done carefully. Make sure to do your research and stick to the more reliable protocols with real track records like Lido Finance, Rocket Pool, Origin Ether, Binance Staked ETH, and Frax Ether.
As the Ethereum network and other blockchain networks continue to grow, liquid staking is expected to become an integral part of the landscape.
By bridging the gap between staking and usability, liquid staking helps democratize access to the rewards and benefits of proof of stake (PoS) systems. This means more people can participate, contribute to network security, and explore the full potential of staking pools and yield farming opportunities.
In short, liquid staking isn’t just a feature—it’s the future of accessible participation on Proof of Stake networks.
Solo staking, also known as traditional staking, requires running a validator node on a proof of stake blockchain and locking up a large amount of tokens, such as 32 ETH. Liquid staking allows users to stake smaller amounts and receive liquid tokens, which can be used for maximizing returns through additional DeFi activities.
Liquid staking helps in maximizing returns by allowing users to earn staking rewards while still using their liquid tokens in other DeFi projects. This means you can stake your ETH and earn extra income through activities like lending and leveraged staking simultaneously.
Ethereum staking is popular in liquid staking protocols because it offers flexibility and accessibility, letting users stake smaller amounts and still participate in the network. These protocols also provide liquid tokens, enhancing the ability to maximize returns and engage in various DeFi opportunities.
In the ever-evolving realm of DeFi, optimizing positions while maintaining liquidity is key for investors’ success. Origin Ether (OETH) provides users with a unique opportunity to leverage the benefits of liquid restaking tokens, optimizing yield generation to best fit your risk profile.
This article will guide you through the steps to effectively use OETH with liquid restaking tokens, ensuring you can make the most of your crypto assets while staying liquid.
Liquid Restaking Tokens (LRTs) are tokens representing restaked ETH assets. EigenLayer is the most prevalent restaking platform with over $15 billion in TVL, so this article will focus on LRTs within EigenLayer’s ecosystem.
Users who deposit directly to EigenLayer lock their funds on the platform until they initiate a withdrawal. Withdrawals take 7 days to finalize, which adds to the illiquidity of directly restaked ETH assets. Liquid Restaking Tokens allow users to earn yield from EigenLayer restaking while maintaining liquidity on their position. LRTs can also have benefits beyond liquidity, such as ecosystem airdrops and utility on other DeFi protocols.
As one of the first LSTs listed on EigenLayer, OETH can be used as collateral for various liquid restaking tokens. Follow the steps below to get started:
If you don’t already own OETH, you’ll need to acquire some before minting an LRT. To do so, you can swap ETH for OETH on Curve or Uniswap. If you want the best rate for your ETH-to-OETH swap, we recommend using the Origin dapp to acquire OETH. The Origin dapp will optimize your swap between DEXs and direct minting to ensure the best rate on your trade.
There are several LRT protocols that support OETH, but the most notable are PrimeStaked and Eigenpie. Eigenpie offers isolated LRTs, meaning that you will maintain your OETH exposure when swapping OETH for mOETH, Eigenpie’s OETH-based LRT.
Origin Ether is the primary collateral asset for PrimeStaked’s primeETH LRT, which will soon merge with YieldNest’s ynLSD. In accordance with the recent governance proposal, primeETH holders will qualify for the YND airdrop based on their primeETH XP accrued.
The final step to start earning rewards from restaking is to mint the LRT of your choosing. If you’re using PrimeStaked, navigate to the PrimeStaked dapp to mint primeETH with OETH. On the dapp, connect your wallet, select the amount of OETH you want to deposit for primeETH, and approve the transaction.
Once finalized, your primeETH balance, EigenLayer Points, and primeETH XP will show on the OETH dapp. Note that 1 primeETH is worth more than 1 ETH, as staking yield accrues directly to the price of primeETH. This means that a 1 ETH swap will result in slightly less than 1 primeETH.
An OGN governance proposal recently passed to merge PrimeStaked with YieldNest, a community-centric LRT with multiple upcoming airdrop seasons.
YieldNest has confirmed a YND airdrop allocation for those who hold primeETH XP and for those who migrate their primeETH to ynLSD. A snapshot of PrimeStaked users' XP will be taken when the migration portal opens. Holders qualify for a pro-rata share of YND based on how much primeETH XP they have accrued.
YieldNest aims to be the most community-centric LRT by allocating over 60% of its token to the community. While PrimeStaked users automatically qualify for the first airdrop, following seasons will distribute YND based on YieldNest “Seeds.” PrimeStaked users who migrate to ynLSD are eligible to earn boosts on Seeds, helping them qualify for a larger YND allocation in future seasons.
ynLSD is YieldNest’s upcoming LST-backed LRT. YieldNest’s LRT innovates on existing liquid restaking tokens by offering curated exposure to restaking categories, such as co-processors, data availability, oracles, and beyond. Curated AVS exposure enables restakers to target specific airdrops within the restaking ecosystem.
Origin Ether is expanding its integrations on Ethereum and Arbitrum. Learn how to earn over 50% APR using OETH in DeFi on our DeFi Opportunities Page!
Origin Ether is expanding its integrations on Ethereum and Arbitrum. Learn how to earn over 50% APR using OETH in DeFi on our DeFi Opportunities Page!
Origin Ether holders can now use Wrapped OETH across Arbitrum, and Gyroscope is the main liquidity hub for wOETH on the network. As such, liquidity providers can earn substantial yield from depositing wOETH and ETH to Gyroscope, which enables other users to trade Wrapped OETH on Balancer.
Staying ahead of new opportunities in DeFi will help you get the most from your Origin Ether. This guide will walk you through what Gyroscope is, and how you can get started providing wOETH liquidity on Gyroscope today.
Gyroscope is a DeFi protocol designed to create resilient and efficient liquidity pools. Unlike traditional liquidity pools, Gyroscope utilizes a unique mechanism to ensure stability and optimal returns for liquidity providers. By focusing on reducing slippage and impermanent loss, Gyroscope offers a more secure and profitable environment for liquidity provision.
Gyroscope's architecture is built to support multiple assets, providing flexibility and diversification options for liquidity providers. Its integration with Arbitrum allows for faster transactions and lower fees, making it an accessible alternative to Ethereum mainnet.
Providing liquidity on Gyroscope is a fairly straightforward process. By depositing to the wOETH-ETH liquidity pool, you’ll earn trading fees, staking yield, and for a limited time, ARB incentives. Let’s delve in to how you can get started with wOETH liquidity provision today.
First, you’ll need to hold both ETH and wOETH on Arbitrum. If you don’t already have wOETH on Arbitrum, you can bridge ETH or Origin Ether to wOETH through the Origin dapp. You can also swap ETH for wOETH on Balancer if you already have funds available on Arbitrum.
Next, visit the Gyroscope dapp and connect your wallet. The wOETH-ETH pool uses an ecliptic concentrated liquidity pool (E-CLP), optimizing your funds to be used within a specified price range for higher capital efficiency.
Lastly, navigate to the ETH/wOETH Arbitrum pool on the Gyroscope dapp. Enter the amount of ETH and wOETH to deposit to the pool on the right-hand side, click join, and approve the transaction through your wallet. Once the transaction is finalized, you’ll be able to view your position from the same page you deposited liquidity on.
Once you’ve deposited your tokens to the pool, you’ll begin earning yield on your position. As of July 2024, APRs range from 8.97% to 11.58%, without accounting for staking rewards that are baked into the price of Wrapped OETH. Yield is currently boosted by ARB and BAL token incentives, which will continue to stream to liquidity providers until the end of August.
Beefy Finance is a multi-chain yield optimizer that automates yield compounding to maximize your liquidity provision yield. You may choose to use the wOETH-ETH Beefy Finance vault to compound your LP share as you earn yield on your position. To do so, you'll first need to deposit your funds to Gyro, and then you can deposit your LP tokens to Beefy Finance to compound your yield.
Liquidity providers that use wOETH can earn several avenues of yield simultaneously. Unlike OETH, which rebases as staking yield is earned, wOETH appreciates in value as staking rewards accrue to the token. This means wOETH constantly appreciates relative to ETH, giving users the ability to earn staking yield while providing liquidity on AMMs.
Still have questions? Join our Discord to get in contact with our team for further support.
Origin Ether is expanding its integrations on Ethereum and Arbitrum. Learn how to earn over 50% APR using OETH in DeFi on our DeFi Opportunities Page!
Boasting more than $40m in TVL, Dolomite’s hybrid margin trading and lending protocol is one of Arbitrum’s most popular platforms. Users can now trade wOETH on Dolomite to take advantage of the protocol’s innovative mechanics and generous incentives on offer.
Dolomite users can now supply wOETH as collateral and open new borrow positions. To do so, simply head to the borrow tab, connect your Web3 wallet at the top right of the page, and open a new position.
Dolomite’s novel trading platform will also soon offer up to 5x trading on supported assets.
Origin will be allocating 24,000 ARB to the Dolomite wOETH pool across the next few weeks to incentivize liquidity on the pool with boosted incentives for a limited time.
https://app.dolomite.io/borrow
wOETH’s new presence on Dolomite further expands access to groundbreaking primitives for holders. This integration further entrenches Origin’s presence on Arbitrum, as Origin Ether continues to grow beyond Ethereum mainnet.
Make sure to follow Origin on X and join our Discord server to keep up to date with the latest news and integrations.
Origin Ether and Super OETH have been integrated across the top DeFi protocols on Ethereum Mainnet and Base. For the full list, check out Origin's DeFi Opportunities Page!
With more than $4B in TVL, Pendle’s yield tokenization primitives have dominated DeFi since launching in 2023. Pendle’s mechanics feature an innovative AMM that allows users to trade and leverage yield, earn fixed yields on assets, and supply liquidity to pools.
OETH was among the first assets supported by Pendle, empowering holders to take leveraged bets on the token’s yield performance. Now, both OETH and Super OETH (superOETHb) are listed on Pendle with the protocol's recent expansion to Base.
Learning how to harness Pendle’s feature set can unlock major opportunities for investors to compound their returns.
Pendle incorporates real world bond mechanics into its offerings, popularizing on-chain instruments previously used primarily in traditional finance. At a high level, this flow works by wrapping and splitting the underlying asset into its principal and yield-bearing components:
All Pendle assets feature maturity dates. Upon maturation, the PT can be redeemed for the entire underlying token. Conversely, the YT earns yield until maturation, after which it no longer holds value.
The OETH market on Pendle has a maturity date of December 2025, while the Super OETH market on Pendle has a maturity date of June 2025.
First, you’ll need to acquire the token you seek to deposit on Pendle. Origin’s dapp allows you to mint both Super OETH and OETH seamlessly using ETH or WETH. Simply connect your Web3 wallet and follow the prompts to get started.
If you're looking to mint Super OETH, you'll need to be on Coinbase's L2, Base. If you want to use OETH on Pendle, you'll want to mint OETH on Ethereum Mainnet. If you don't already have funds on Base to mint Super OETH, you can transfer from Coinbase or use a bridge.
Once you’ve acquired your tokens, head over to the Pendle Finance dapp and connect your wallet. By default, you should be on Ethereum Mainnet; if you are using Super OETH, you'll need to switch networks to Base. The trade page displays active Pendle markets, and breaks down the prices and APYs of YT and PT on each asset.
Official Pendle URL: https://app.pendle.finance/
On the OETH dashboard, you can deposit OETH to mint PT OETH and YT OETH, or swap for either token. Similarly, on the Super OETH dashboard, you can mint PT superOETHb or YT superOETHb.
Pendle’s OETH pool comprises SY-OETH and PT OETH. As PT-OETH reaches parity with SY-OETH upon maturation, users can supply liquidity without significant risk of impermanent loss.
Users who supply liquidity to the pool earn rewards derived from a share of trading fees. The project’s native token, PENDLE, can be staked to further increase rewards and receive voting rights in the form of non-transferable vePENDLE.
Origin's integration on Pendle empowers users with more ways to compound OETH and Super OETH yield. Users can take leveraged bets on yield performance, hedge their holdings, and provide liquidity with additional incentives.
Get started now: Pendle Super OETH Market / Pendle OETH Market
Origin Ether has grown into one of Origin’s most popular offerings, providing holders with better yield and a tighter ETH peg than other LSTs. Since its launch last year, Origin Ether has accrued over $125M in TVL and secured dozens of integrations on both Arbitrum and Ethereum.
Yield generation, security, and liquidity are key factors that make OETH the most competitive LST on the market. Let’s delve into how Origin Ether earns substantially higher yield than other LSTs, maintains deep liquidity, and upholds industry-leading security standards.
Origin Ether’s yield has consistently outperformed stETH, rETH, and sfrxETH since inception. Its unique design allows OETH holders to earn yield from both liquid staking and ancillary rewards, including liquidity provision revenues and additional token incentives.
Distributed Validator Technology (DVT) ensures that validator keys remain decentralized, allowing Ethereum to scale without compromising security. With DVT implementation via the SSV network, OETH is shielded from centralization risks.
ETH reserves are staked to the Beacon Chain using distributed validator technology (DVT), creating a fault tolerant and decentralized staking setup. Origin Ether is integrated with ssv.network to leverage DVT, the leading protocol for distributed validator technology with over $3 billion in total value locked.
OETH earns SSV token incentives through its DVT integration. Staking yield is boosted up to 40% through ssv.network, which directly translates into more yield for Origin Ether holders. SSV tokens are harvested for OETH, which is distributed to holders through the token’s rebasing mechanics.
Origin uses Algorithmic Market Operations to provide deep liquidity for OETH on Curve. With up to 2x higher capital efficiency than traditional liquidity provision, the Curve AMO earns yield from harvesting trading fees and rewards tokens for Origin Ether holders.
Earnings are further boosted by token incentives on Curve’s OETH/ETH liquidity pool. The OGN DAO uses its war chest of CRV/CVX to direct CRV incentives to Curve’s OETH liquidity pool, which is then farmed by the Curve AMO.
Origin Ether holders also benefit from the deep liquidity provided by the Curve AMO. Protocol-owned OETH is used in the liquidity pool to maintain the pool’s balance, minimizing slippage on OETH/ETH trades. With $42 million in TVL currently in the pool, users can swap out of OETH at less than 0.12% slippage on swaps up to 1,000 OETH.
For multi-million dollar exits, better rates can be achieved through direct redemptions or Automated Redemption Manager swaps, which are outlined below.
Earlier this year, we launched the beta version of Origin’s Automated Redemption Manager (ARM) to provide zero-slippage swaps on redeemable assets, starting with Lido’s stETH. Even in its beta, the Automated Redemption Manager has accrued over $400 million in volume through its integrations on 1inch and CoWSwap.
Origin Ether will be the second asset supported by the Automated Redemption Manager, with special privileges for the OETH ARM pool that will guarantee instant, 1:1 swaps back to ETH. The OETH/ETH ARM pool will have zero-fee, zero-slippage swaps on OETH, ensuring OETH can be instantly redeemed for ETH at a 1:1 rate.
Direct redemptions for Origin Ether are supported on the Origin dapp, allowing users to redeem their OETH for its underlying collateral. The redemption fee, paid to OETH holders, is currently set to 0.1%, with plans to reduce this fee to zero in the coming weeks.
Instant, 1:1 redemptions back to ETH are important to secure integrations with top protocols. Several protocols hold large amounts of ETH that could earn yield through liquid staking, but these apps need to ensure that the LST they hold can easily be redeemed for ETH without loss. By enabling zero-fee redemptions for Origin Ether, OETH will become the superior LST for protocol integrations.
Further, the OETH pool on the Automated Redemption Manager will directly impact Origin Ether’s peg to ETH. Since arbitragers can currently redeem their ETH for a 10 basis point fee, OETH commonly trades between 0.999 and 1.0 ETH. Once this fee is removed and instant redemptions are enabled by the ARM, we anticipate OETH to hold a tight, 1:1 peg to ETH across all exchanges.
A tight peg to ether has several benefits to both protocols and end users. OETH holders can confidently leverage their OETH on money markets, such as Morpho, knowing that their tokens will closely follow the price of ETH. By minimizing peg volatility, liquidation risks on lending platforms become far less of a concern. From a protocol perspective, OETH integrations become more accessible as depegging risks are minimized.
Origin Ether is audited by top security firms including OpenZeppelin, TrailofBits, and Solidified. Our continuous auditing agreement with OpenZeppelin ensures that code changes are reviewed externally, helping minimize smart contract risk on our products. OpenZeppelin is one of the most trusted security firms in crypto, auditing platforms like Coinbase, Aave, and Ethereum.
Beyond external audits, Origin employs rigorous internal code reviews that must be conducted by at least two core team engineers. We’re proud to have some of the top leaders in Ethereum security on Origin’s team, as we hold an extremely high bar for smart contract security.
Origin Ether has already accelerated its integrations on both Ethereum mainnet and Layer 2s. Wrapped OETH is now integrated with Morpho and Silo money markets, enabling leveraged staking yield through looped wOETH. Users will soon have even more optionality for OETH yield generation through new DeFi integrations, building off Origin Ether’s success on applications like Pendle and EigenLayer.
Expansion is further supported by Origin’s token merger, which concentrates the team’s resources on building out OETH, new multi-chain yield products, and the recently announced Automated Redemption Manager.
OGN accrues value from Origin’s products, which is detailed in a recent tokenomics proposal. Starting with OETH and OUSD, OGN earns performance fees which are used for token buybacks. Further, half of these performance fees are used to accumulate flywheel tokens (currently CVX) to increase yield on Origin Ether’s AMO strategy.
