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How to Use OGN on Extra Finance

October 15, 2024

How to Use OGN on Extra Finance

Extra Finance is a powerful platform that allows users to farm liquidity pools and earn high returns. One of the exciting pools available is the OGN/superOETHb pool, offering a compelling way to put your Origin tokens (OGN) to work. 

With Extra Finance, users can deposit OGN and Super OETHb into the Aerodrome liquidity pool, earning yield through staking rewards and trading fees. This guide will walk you through how to use OGN on Extra Finance and maximize your returns.

How to Use OGN on Extra Finance

Using OGN on Extra Finance is simple. The platform allows you to farm the Aerodrome pool, which pairs OGN and Super OETH. This pool not only offers high APYs, but it also makes your crypto assets productive while giving you exposure to two key assets in the Origin Protocol ecosystem. 

Below are the steps to start earning with OGN on Extra Finance.

1. Acquire OGN on Base

To start, you’ll need to get OGN tokens on the Base network. The easiest way to do this is by swapping ETH for OGN using Aerodrome

Simply head to the platform, connect your wallet, and swap your Super OETH on Base for OGN. 

Aerodrome offers a smooth experience with competitive exchange rates, ensuring you can get OGN quickly and easily.

2. Connect to the Extra Finance Dapp

Once you have your OGN, the next step is to connect your wallet to the Extra Finance dapp. Simply go to their website, click the “Connect Wallet” button, and choose your preferred wallet (such as MetaMask or WalletConnect):

Make sure you are connected to the Base network to ensure smooth transactions.

3. Deposit OGN

Now that your wallet is connected, it’s time to deposit your OGN into the liquidity pool. Look for the OGN-Super OETHb pool:

If you click Farm, you’ll be able to either make a deposit or connect your wallet if you haven’t done so yet.

Then it’s as simple as selecting the amount of OGN and Super OETH you want to provide as liquidity.

By depositing your tokens, you can start earning an impressive yield. Currently, the pool offers an APY of up to 85.5% and a total APR of 61.85%, providing strong returns on the pool. These rates can fluctuate based on market conditions, so it’s always a good idea to check the platform for the latest updates. 

By participating, you'll earn rewards through both yield farming and trading fees, optimizing your earning potential across two key assets in the Origin Protocol ecosystem.

DeFi Opportunities for OGN

OGN opens up a range of opportunities in the DeFi space, especially when paired with platforms like Extra Finance. By participating in liquidity pools, you can grow your token holdings while supporting the Origin Protocol ecosystem. 

So whether you’re staking OGN, providing liquidity, or earning rewards through farming, the DeFi landscape offers numerous ways to maximize your returns.

Explore even more opportunities to earn yield with OGN and other assets by visiting our DeFi opportunities page. Start farming today and make your crypto work for you.
 

Corbin Buff
Corbin Buff
Origin
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