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’s superior peg-keeping and battle-tested codebase make it one of the space’s most versatile liquid staking tokens (LSTs). As such, OETH boasts diverse integrations on leading DeFi money markets across Ethereum and beyond.
Users can harness these pools to take advantage of generous incentives on offer. Simply follow the steps below to start using OETH on money markets.
As OETH is rebasing, wrapped OETH (wOETH) is integrated with money markets for streamlined accounting. Unlike OETH, wOETH increases in price relative to ETH as staking rewards are earned. These money markets, such as Morpho and Silo, offer wOETH liquidity pools for lending purposes. Users can put up wOETH as collateral in these pools to borrow assets, or supply liquidity to earn a share of fees on the pool.
You can acquire OETH directly via Origin’s all-in-one dapp. Simply visit the dapp, connect your Web3 wallet, and deposit ETH or WETH to receive wOETH.
wOETH boasts incentivized pools on both Ethereum Mainnet and Arbitrum. Arbitrum pool incentives run until August, with boosted yields available on Silo Finance.
Should you wish to use wOETH on Arbitrum, you’ll need to bridge to the network via the Origin dapp.
Check out our bridging guide for step-by-step instructions.
At present, users can choose to take advantage of the wOETH Morpho pool on mainnet and the Silo pool on Arbitrum.
With more than $2m in WETH liquidity, the co-incentivized Morpho wOETH/WETH pool offers deep liquidity and robust incentives. Origin is distributing OGN incentives to WETH lenders until August to bolster usage.
Silo’s wOETH-ETH-USDC.e market offers deep incentives for users. As the leading money market on Arbitrum, Silo boasts significant traction on the network. The pool has been co-incentivized by Silo and Origin, currently resulting in borrowers earning yield.
Looping wOETH on leading money markets allows you to leverage up on staking yield and compound returns. At its core, the strategy is fairly straightforward. Let’s examine Morpho’s pool as an example:
While users can loop wOETH manually using these steps, this can require significant time and effort, in addition to gas costs. Fortunately, several innovative platforms automate this process, offering one-click strategies with vast compounding opportunities. These platforms incorporate flashloans to make looping as seamless as possible.
Morpho’s wOETH pool has been integrated with leveraged staking pioneers, Summer.fi and Contango.
Check out our guides to begin looping on Morpho’s mainnet wOETH pool:
