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
