Origin’s expansion to Base introduces a new class of Supercharged LSTs that accrue value to OGN. Super OETH will be the first token of its kind to offer high yield on ETH with minimal risk.
Instead of simply bridging Origin Ether to Base, we’ve designed a new supercharged LST that uses OETH as a building block for higher yields. Super OETH takes advantage of L2 incentives to enhance LST yield, earning far higher APYs than traditional LSTs. Our new product is crypto's first-ever supercharged LST, slated to launch on Base with additional L2s in the pipeline for this year.
Super OETH on Base will be assigned the ticker superOETHb. Read on to learn more about our new supercharged LST, our expansion plans, and what to expect leading up to our public launch.
As one of the fastest-growing Layer 2 networks, Base offers a robust infrastructure with a wealth of incentives designed to attract liquidity. This makes Base an ideal network for Super OETH, providing users with enhanced yield opportunities and access to a broad range of DeFi protocols. By starting on Base, Super OETH is positioned to capitalize on the network’s momentum while attracting a new category of users to both Super OETH and OGN.
Our broader goal is to establish Super OETH as the best LST on layer 2s by offering higher yield and deep liquidity. Following our launch on Base, Super OETH will roll out on Optimism with the ticker superOETHo.
Super OETH is built on top of Origin Ether and maintains many of the core properties of OETH. Like Origin Ether, Super OETH rebases directly in your wallet and holds an extremely tight peg to ETH. Additionally, Super OETH earns staking rewards from Origin Ether, further boosted by yield earned from its Aerodrome integration.
Super OETH generates Ethereum staking yield by leveraging OETH as its foundational asset.
Origin Ether is the core building block for Super OETH. Origin Ether’s Beacon Chain staking yield is bridged to layer 2s, enabling Super OETH holders to tap into LST yield. These rewards are then further enhanced by Super OETH's innovative LP integration, which leverages protocol-owned liquidity to earn L2 incentives. This allows users to earn Beacon Chain staking rewards on layer 2s while benefiting from the additional yield opportunities on these networks, maximizing their overall returns.
Super OETH integrates with Aerodrome to provide deep liquidity and enhanced yield.
Aerodrome will act as the central liquidity hub for Super OETH, offering deep liquidity on the superOETHb/WETH pair. Building on our learnings from protocol-owned liquidity on Origin Ether’s Curve pool, we’ve adapted this technology to integrate with Aerodrome.
This highly efficient LP integration utilizes protocol-owned liquidity on Aerodrome’s superOETHb/WETH pool to support Super OETH’s peg. By utilizing protocol-owned liquidity, Super OETH will keep a balanced liquidity pool, tracking the price of ETH at nearly 1:1.
As an additional benefit, Super OETH holders will receive increased yield from AERO rewards. When token incentives are earned through the Aerodrome integration, most of the AERO tokens are converted into superOETHb and added directly to the holders' wallets, compounding the yield earned. The protocol-owned liquidity significantly enhances capital efficiency, thereby increasing the rewards for the holders.
While Super OETH’s liquidity provision architecture will be applied to Aerodrome on Base, it’s designed to adapt to various L2 networks and AMMs, such as Velodrome on Optimism.
superOETHb will soft launch next week, with Super OETH yield to begin streaming shortly thereafter.
At launch, Super OETH will generate yield comparable to Origin Ether until token incentives begin accruing to Super OETH holders. We anticipate that Super OETH yield will gradually increase over the first few weeks, stabilizing in mid-September.
In addition, we’ve initiated conversations with leading Base protocols to integrate Super OETH. These integrations will give holders maximum flexibility to earn using their supercharged LST, further amplifying their rewards. Stay tuned to Origin on X as we secure integrations with lending markets, looping protocols, and beyond.
To stay in the know on our Super OETH launch, we invite you to join Origin’s Discord where we’re building DeFi’s 1st supercharged LST in public.
