Pendle x OETH: Yield Like You've Never Seen Before

Pendle Finance Integrates OETH

Yield tokenization pioneer Pendle Finance has added support for Origin Ether, carving out fresh opportunities for users to harness OETH and its outsized returns.

Pendle’s novel AMM allows users to trade yield, supply liquidity, and earn fixed APYs on assets. 

This integration empowers traders to further boost yield on offer through an array of innovative mechanics.

How It Works

• Pendle wraps the underlying asset (e.g. OETH → SY-OETH)
• This allows the protocol to split the underlying asset into a principal token (PT) and yield-bearing token (YT)
• Holding the PT guarantees a fixed APY, while the YT grants exposure to yield delivered by the underlying asset
• Both the PT and YT can be traded on Pendle’s AMM

All assets on Pendle carry maturity dates. This is the date at which PT can be redeemed for the full underlying token. The YT accrues yield until the maturity date, after which it has no value.

Users can also supply liquidity to Pendle’s OETH pool in order to accrue rewards. 

Pendle’s liquidity pools pair wrapped assets with their principal counterparts (in this case, SY-OETH and PT-OETH).

Given that the principal token reaches parity with the underlying upon maturation, suppliers can enjoy increased rewards with minimal risk of impermanent loss.

The platform’s native token, PENDLE, can be staked to further boost rewards. Locking up PENDLE also grants users governance rights in the form of vePENDLE.

Further Expanding Origin Ether’s Horizons

OETH’s presence continues to expand in seismic waves, as the protocol’s bleeding-edge mechanics deliver outsized, scalable yields that dominate the LST arena. 

Pendle’s integration provides the OETH community with even more yield opportunities at the forefront of DeFi innovation.

With further integrations and fresh features constantly in the pipeline, users can look forward to an enhanced experience and more ways to stack ETH faster with OETH.

Get going now: app.oeth.com