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Governance

Docs

Proof of Yield

Ecosystem

Blog

Analytics

OGV

Get OETH
Governance

Docs

Proof of Yield

Ecosystem

Blog

Analytics

OGV

Get OETH
Stack ETH faster


OETH IS ALWAYS REDEEMABLE FOR A BASKET OF ETH

Claim OETH

APY

6.95%

Trailing 30-day

TVL

41530.45

$67,683,921.54

TRUSTED YIELD SOURCES

Only battle-tested, blue-chip protocols are used to generate OETH's
market-leading, risk-adjusted yield.



FULLY COLLATERALIZED

OETH is always redeemable for a basket of ETH and the most trusted liquid
staking tokens.



MORE YIELDS. LESS HASSLE.

 * Auto-compounding in your wallet

 * Protocol-guaranteed liquidity

 * Self-custodial and permissionless

 * No staking or lock-ups

14:00



Wallet

eth:0x265c...31ad

Ethereum

309.7611 ETH

OETH

306.8911

ETH

2.8700

FULLY TRANSPARENT ON ETHEREUM

Yield is generated from a short list of conservative strategies and verifiable
on-chain.

CURRENT YIELD SOURCES & ALLOCATIONS

YIELD SOURCE
ALLOCATION

15,335.26

(36.92%)





Staked Frax Ether (sfrxETH)

36.92%

Frax uses a two-token model to maximize yields earned from staking validators.
OETH deposits frxETH to the Frax Ether staking contract and amplifies this yield
further.



11,420.37

(27.49%)





Convex ETH+OETH

27.49%

Convex allows liquidity providers and stakers to earn greater rewards from
Curve, a stablecoin-centric automated market maker (AMM). OETH earns trading
fees and protocol token incentives (both CRV and CVX). This strategy serves as
an algorithmic market operations controller (AMO), which enables OETH to safely
leverage its own deposits to multiply returns and maintain the pool's balance.

8,430.65

(20.29%)





WETH + Rocket Pool Ether (rETH)

20.29%

Aura allows liquidity providers and stakers to gain enhanced rewards from
Balancer, a programmable liquidity AMM. Origin accrues trading fees and protocol
token incentives (both BAL and AURA), which are converted to OETH and then
distributed to OETH holders.

4,641.35

(11.17%)





Lido Staked Ether (stETH)

11.17%

Lido is a liquid staking solution for Ethereum that staking ETH without locking
tokens or maintaining infrastructure. OETH holds stETH to earn staking rewards
for participating in the Ethereum network and adds a layer of auto-compounding.

Unallocated

1,285.84

(3.09%)





More info



WETH

3.09%

When OETH is minted, collateral is deposited into the Origin Vault and held
until the allocate function is called. This happens automatically for larger
transactions, which are less impacted by increased gas costs.

420.45

(1.01%)



Rocket Pool Ether (rETH)

1.01%

Rocket Pool is a community-owned, decentralized protocol that mints rETH, an
interest-earning ETH wrapper. OETH holds rETH to earn yield and normalizes the
accounting by distributing additional tokens directly to users' wallets.



0.00

(0.00%)



Morpho Aave WETH

0.00%

Morpho adds a peer-to-peer layer on top of Compound and Aave allowing lenders
and borrowers to be matched more efficiently with better interest rates. When no
matching opportunity exists, funds flow directly through to the underlying
protocol. OETH supplies WETH to Morpho’s Aave V2 market to earn interest.
Additional value is generated from protocol MORPHO token emissions (currently
locked).



INSTANTLY REDEEMABLE

OETH's on-chain reserves remain liquid and available for permissionless
redemption with no gatekeepers or withdrawal queue.

COLLATERAL

Current collateral used to back OETH.

Ether

(ETH)

Wrapped Ether

(WETH)

Lido Staked ETH

(stETH)

Rocket Pool ETH

(rETH)

Frax Ether

(frxETH)

SECURITY FIRST

OETH's smart contracts are forked from OUSD, which has been stress-tested for
more than two years.

Audited by world-class experts

Changes to the protocol are reviewed by internal and external auditors on an
ongoing basis.

OpenZeppelin



Narya

48-hour timelock

If a malicious governance vote were to ever pass, users are given 48 hours to
withdraw their funds before any new code is implemented.



Bug bounties

A reward up to $1,000,000 is offered through Immunefi, Web3's leading bug bounty
platform. In over two years, no major vulnerability has been identified in
OUSD's open-source code.




ALWAYS THE BEST POOL

Multiple factors contribute to OETH outperforming its underlying strategies, but
there's one big one. While 100% of the collateral is used to generate yield,
only some of the OETH in circulation is receiving that yield.




GOVERNED BY OGV STAKERS

OETH's future is shaped by voters who lock their OGV and participate in
decentralized governance.



OGV PRICE

$0.0042

OGV MARKET CAP

$2,980,226

CIRCULATING SUPPLY

696,308,770

TOTAL SUPPLY

4,392,798,162


STAKE OGV


TO EARN OGV

Fees and voting rights accrue to OGV stakers. Control the future of OETH
and profit from its growth.

EARN REWARDS

Originally released by Origin Protocol

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