If you're looking for a seamless way to leverage yield on your wOETH, Origami offers a one-click looping solution built on top of Morpho. This guide will walk you through how to deposit your wOETH and start earning competitive returns effortlessly.
Origami is a user-friendly interface that builds on top of Morpho’s money market platform, allowing users to loop their wOETH with a single click. By automating the looping process, Origami simplifies the way users can boost their returns, making it easy to increase exposure without needing to do the tedious process of borrowing and lending in multiple transactions.
Origami offers the convenience of maximizing your yield on Ethereum Mainnet without the complexity of manually looping assets. Through Morpho, wOETH depositors can benefit from peer-to-peer lending, with competitive rates compared to traditional DeFi protocols like Compound and Aave. Origami takes this further by automating the looping strategy, meaning you can increase your wOETH exposure with minimal effort.
Let’s walk through the process to deposit and loop your wOETH on Origami.
Morpho uses wrapped OETH (wOETH), so you will need wOETH to deposit through Origami. If your OETH is not yet wrapped, you’ll need to convert it before interacting with Origami.
Visit the Origin dapp, connect your wallet, and wrap your OETH. Once wrapped, you’ll receive wOETH, which is compatible with both Morpho and Origami.
Go to the Origami dapp, and connect your wallet. Make sure that your wallet is set to Ethereum Mainnet, as wOETH operates on this network.
After connecting your wallet, locate the wOETH market on Origami. Here, you’ll be able to view current interest rates and the looping feature. Origami will automatically loop your wOETH deposits to increase your exposure to 5.5x.
Once you’re in the wOETH market, simply choose the amount of wOETH to deposit and confirm the transaction in your wallet. Origami will automatically execute the looping strategy for you, using the underlying Morpho protocol to compound your returns.
Once your transaction is confirmed, your wOETH will be looped, and you’ll start earning interest automatically. Origami handles the complex process of borrowing and reinvesting without any further action required on your part.
Origami provides a simple dashboard where you can track your wOETH deposits, looping status, and current yields. Since the platform builds on Morpho, you’ll benefit from the increased efficiency and yield optimization Morpho provides, but with the added convenience of automation.
Using Origami with wOETH is a hassle-free way to increase your wOETH exposure with minimal effort. By automating the looping process on Ethereum Mainnet, you can grow your wOETH holdings and take full advantage of the yields offered through Morpho.
Just wrap your OETH, deposit it on Origami, and let the platform do the work for you. It’s an efficient solution for those seeking to optimize their DeFi strategy without the manual overhead. Happy looping!
