Overview

Welcome to Origin’s February Token Holder Update! In this month’s edition, we’ll cover Origin Sonic (OS) developments, Origin’s ARM growth, and Yield Forwarding adoption. Our progress has driven new value to the OGN DAO, diversifying its revenue sources across multiple chains.

As always, we’ll also give updates on our products’ yield performance, TVL, and new integrations. Let’s delve into these updates and more below:

Yield Forwarding & Pool Booster Adoption

Pool Booster rolled out to all of Origin’s yield-bearing tokens in February, enabling protocols to use Origin’s rebasing yield to fund AMM incentives. This makes Origin’s yield-bearing tokens more efficient on AMMs, and several protocols are shifting liquidity from ETH and S pairs to OETH and OS pairs, driving new TVL to Origin’s products:

Silo Finance is using Pool Booster on the SILO/OS pool, directing OS yield to AMM incentives on SwapX.
Pool Booster is now supported on the frxETH/OETH pool, which will soon direct OETH yield to AMM incentives on Curve.
Spectra integrated Pool Booster on the SPECTRA/SuperOETHb pool, directing Super OETH yield to AMM incentives on Equalizer.
TinHatCat is using Pool Booster on the THC/OS pool, driving up liquidity pool TVL to compete in Sonic’s Meme Mania competition.

Origin Sonic (OS) Growth

Origin Sonic has been live for less than two months, and it’s quickly gaining adoption as a leading LST on Sonic:

OS TVL grew from 4.6M S to 41.8M S in February, marking 808% month-over-month growth.
10+ protocols integrated with OS in February, and over $15M of OS is currently being used in DeFi.
Origin Sonic holders grew by 6x in February, with over 2,000 unique onchain holders earning yield with OS.
Sonic Labs minted 1 million OS as rewards for their Meme Mania competition.

New Integrations

Dozens of protocols integrated with Origin in February, with some of the most notable listed below:

Seamless Protocol launched its Seamless ETH Vault, allocating WETH to the Super OETH market on Morpho. With over $26M of WETH in the vault, the Super OETH Morpho market now has more borrow liquidity available.
Silo Finance launched the wOS/S market in February. The market enables leverage on Origin Sonic while providing a minimum 8x Sonic Points multiplier and additional Silo Points to users.
Venus launched its Super OETH market on Base, enabling new leverage opportunities for Super OETH holders. With low utilization, borrow rates are currently less than 1%.
Origin Sonic is now available on Beets.fi via the wOS/stS pair. Users can provide liquidity to stay 100% exposed to S while earning staking rewards and Sonic Points multipliers.
Euler Finance deployed on Sonic with its wOS market available at launch. The wOS/S market lets users leverage wOS up to 10x to earn up to 80x Sonic Points.

Product Metrics: Yield and TVL

Origin Sonic had the largest TVL growth in February, increasing its total value locked over 7x from the beginning of the month. Even with over 40 million of S deposited, OS maintained strong double-digit APYs in February.

Origin Sonic achieved a 12% 30-day trailing APY with a TVL of $35M.
Origin’s ARM earned LPs a 30-day trailing APY of 7% with a TVL of $17.3 million.
OETH ended the month at a 30-day trailing APY of 3.7% with a TVL of $86 million.
Super OETH achieved a 30-day trailing APY of 6.1% with a TVL of $48 million.
OUSD earned holders 6% APY over the trailing 30 days with a TVL of $9 million.

ARM ETH Vault deposits grew by over 30% in February. With 30-day trailing APYs in the high single-digits, the ARM ETH Vault provides a great risk-adjusted yield opportunity for ETH holders. The vault is approaching its deposit cap of 10,000 WETH, and deposits will be paused until further notice once the cap is reached.

In Case You Missed It

That’s all for February’s update! We’re excited to see growth across multiple networks as we continue to grow the OGN DAO’s revenue sources. As a reminder, Sonic Points will continue being distributed through June 2025, so there’s still time to earn towards Sonic’s airdrop. Here are a few pieces of content to get you up to speed on the topics mentioned above:

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