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October's Token Holder Update is Live! 🎃
A lot was covered in this month's update, including:
👻 The ARM ETH Vault launch, directing fees to OGN
👻 Origin's growth on Base – Super OETH is the #1 LST on the network
👻 OUSD yield improvements (trailing 7-day APY above 10%)
👻 New Base integrations that expand Super OETH utility
Get the full scoop on these updates and more on our blog.
Happy Halloween 🎃
https://www.originprotocol.com/october-2024-token-holder-update
🎈 Happy Friday! Here’s a quick snapshot of this week’s highlights and achievements:
🌀The OGN DAO placed 1st in Aerodrome’s Flight School. As the winners of Flight School, the DAO will receive a veAERO bonus currently worth over $150,000!
🌀The ARM ETH Vault opened for deposits this week. By automatically arbitraging stETH on 1inch and CoWSwap, the ARM provides passive ETH yield over 2x that of holding stETH (3-day trailing APY is currently 10.6%).
🌀We hosted our monthly Community Call on Discord, X, and Telegram earlier this week. Check out the Broadcast on X to get the scoop on product developments and hear our founders Matt and Josh talk on the growth of Super OETH.
🦾 Deposits to the ARM’s ETH vault are now live!
The concept behind the ARM is simple:
1. LPs Deposit ETH into the vault
2. ARM uses the ETH to buy stETH at a discount from the market
3. The ARM redeems stETH 1:1 for ETH via Lido’s redemption queue
4. ETH is recycled back into the vault to repeat the process
During its beta phase, the ARM processed over half a billion dollars of stETH-to-ETH swaps. Funds in the ETH vault have earned a daily average APY of 7.4% – over 2x the yield of holding stETH.
Origin’s ARM ETH Vault is simply too good to keep private (we’ve been printing from it all year). Now, we’ve upgraded the contracts so you can join the fun.
Deposit ETH to the stETH Redemption Vault here
https://originprotocol.eth.limo/#/arm/steth-redemption-vault
More info on ARM liquidity provision
https://www.originprotocol.com/arm-vault
The ARM Opens to Liquidity Providers Tomorrow at 9am PT
The ARM’s ETH Vault presents a unique opportunity for ETH holders to earn passive yield with zero impermanent loss, stable returns, and an extremely low risk profile.
The ARM uses the ETH liquidity to purchase stETH at a discount from the market, redeeming it 1:1 for ETH through Lido’s redemption queue.
With over half a billion in volume processed during the ARM’s beta phase, it’s already become a top path for stETH redemptions for DeFi users. As the Automated Redemption Manager grows its liquidity through our public launch, we aim to make the ARM the go-to route for instant stETH redemptions across DeFi.
OGN holders – exciting news. The ARM will route 100% of fees to the $OGN DAO at launch. Read more on becoming an ARM LP below 👇
https://x.com/OriginProtocol/status/1848777139623235825
Don't miss out any alpha, event or update by turning on the notifications! 🔔
Don't miss out any alpha, event or update by turning on the notifications! 🔔
✨️ Happy Friday! Here are the latest updates from this week:
🔹 Spectra Finance integrated with Super OETH, enabling users to lock-in fixed rates, long yield, and provide Super OETH liquidity.
🔹 Super OETH is now integrated with Contango, a one-click leverage protocol built on top of the superOETHb Morpho market. Visit the Contango dapp to leverage your Super OETH up to 9.25x for even higher yield!
🔹 Origin Analytics got a refresh, with new metrics viewable for Super OETH, Origin Ether, and OUSD. Bookmark this page to keep tabs on TVL growth and other metrics regarding Origin’s products!
💭 Thinking about looping Super OETH but don’t know where to start? Origin hosted a Twitter Space with Ionic and DeFi Dojo this week explaining how to get started.
Plus, Super OETH is now Origin’s largest product, generating more protocol revenue than OETH and OUSD combined. As a reminder, all of Origin's products accrue value to OGN. The protocol currently holds Super OETH performance fees in WETH, which is controlled by OGN stakers.
🟦 Our September 2024 Token Holder Update Is Live!
Get the latest information on all things Origin in the month of September, including:
🔹Super OETH growth and fee generation
🔹OETH integrations for rehypothecation ahead of Uniswap V4 🦄💰
🔹New Super OETH and wOETH DeFi opportunities 🦋💰
🔹OGN integrations, and what our growing protocol revenue means for holders 💰
Check out our latest and full blog post:
https://www.originprotocol.com/september-2024-token-holder-update
🟦🟪🟥 SUPER OETH IS ALREADY THE #1 POOL ON AERODROME
It's been great to see how many people have aped into Super OETH. Let's welcome all the new faces around discord!
You can follow along with Super OETH's growth on our analytics page, linked in the comments on our latest post ⬇️
https://x.com/OriginProtocol/status/1836410186400993380
🗞 Quick recap: 1 Week into Super OETH yield!
7-day trailing APY: 16.4%
Total TVL: $72M
Learn how Super OETH is becoming the best LST for Layer 2s 🧵👇
https://x.com/OriginProtocol/status/1835755465059528784
👋🏼 Happy Friday! Lots of updates coming in hot from this week:
Super OETH has been in up-only mode since its launch on Monday. Here are some quick stats:
Total TVL: 26,364 ETH
7-day trailing APY: 14.71%
Super OETH is now a top 25 Base protocol by circulating TVL!
🔹Base is coordinating with us to help spread the word on our Layer 2 expansion. We’ve lined up an integration with Morpho, and several other Base integrations will be announced soon.
Read more: https://x.com/OriginProtocol/status/1833883073760399730
🔹YieldNest joined our Community Call this week to drop alpha on restaking. If you’re still holding primeETH, you’ll want to start the migration process to optimize your rewards: https://x.com/OriginProtocol/status/1833237996948361693
🔹ParaSwap integrated our Automated Redemption Manager! This integration helps us continue to win trades, with over half a billion in aggregate volume already achieved. Stay tuned as we announce what’s next for the ARM in the coming weeks: https://x.com/OriginProtocol/status/1833913026703151211
That’s all for now – have a stellar weekend everyone!
Morpho just launched its Wrapped Super OETH market! 🦋
The market enables leveraged yield on wsuperOETHb, letting you earn far higher APYs than simply holding Super OETH.
Here’s how to get started 👇
1️⃣ Acquire Wrapped Super OETH: Swap WETH for wsuperOETHb on the Origin dapp at https://originprotocol.eth.limo/#/super
2️⃣ Head to the Super OETH Morpho market: https://app.morpho.org/market?id=0x144bf18d6bf4c59602548a825034f73bf1d20177fc5f975fc69d5a5eba929b45&network=base
3️⃣ Connect your wallet to Morpho (Base), and open a position. Deposit wsuperOETHb and choose the amount of WETH to borrow (up to 91.5% LTV).
4️⃣ Loop it: Swap WETH for more wsuperOETHb on the Origin dapp. Deposit wsuperOETHb in the Morpho market for additional WETH, and repeat the process until you’ve gained your desired exposure.
We’ll be announcing further looping integrations soon, which will automate the borrowing process for users looking to earn leveraged, supercharged ETH yield.
*P.S - The Morpho market has limited liquidity available on a first come, first served basis. 🏃🏼♂️ If the market is fully utilized when you visit Morpho, check back in a day or two. We expect more liquidity to start trickling in over the coming days and weeks.*
🟦🟪🟥 Super OETH APYs are live on https://originprotocol.eth.limo/
Our first Supercharged LST has a trailing 24-hour APY of 13.5% 🏆
Learn how Super OETH enhances yield while minimizing risk, and get the full scoop on what’s next for Supercharged LSTs on our blog.
Blog: https://www.originprotocol.com/super-oeth-live-on-base
Swap to Super OETH: https://originprotocol.eth.limo/#/super
🗣 Help us spreading the word 🗣 https://x.com/OriginProtocol/status/1833172634101563623
🦾 Origin's ARM crossed half a billion dollars in volume on its stETH pool!
Check out what's next for the ARM, and what it means for OGN.
https://x.com/OriginProtocol/status/1831378476743717290
Our August 2024 Token Holder Update Is Live! 🎉
Get the latest information on all things Origin in the month of August, including:
🔹Super OETH development and launch information
🔹PrimeStaked Migration and YND airdrop updates
🔹New OETH and wOETH yield opportunities
🔹New developments regarding Origin's Automated Redemption Manager (ARM)
Check out our latest post on X and read our full blog post 👇
https://x.com/OriginProtocol/status/1830999408512753897
Plus, don't miss our update on Super OETH 🔥 ⤵️
https://originprotocol.com/august-2024-token-holder-update
🟦 Happy Friday Origin OGs! Here’s the latest from a busy week:
🔹The YieldNest Migration Portal is now live! Migrate primeETH to ynLSDe to earn a YND airdrop allocation, YieldNest Seeds boost, and more.
Official migration portal | Full announcement
🔹Super OETH’s public debut is on the horizon, with the superOETHb contract now live on Base. Incentives will begin streaming in coming weeks – stay tuned for more. — Read the latest thread
🔹wOETH has been integrated into the dHEDGE ETHy vault on Arbitrum, managed by Toros Finance. The vault is currently delivering >80% APYs thanks to ARB incentives.
Read more | Check out the ETHy vault
🔹Due to Labor Day falling on Monday, September 2nd for the US, the next Community Call will take place on Monday, September 9th at 4pm UTC 🗓
🥩 The PrimeStaked Migration Portal is now open!
You'll want to migrate as soon as possible to begin earning a YND allocation for Season 1 (it will take 7 days to withdraw from EigenLayer, so the sooner the better).
As a reminder, all users with prime XP will be eligible for a retroactive YND airdrop at TGE, and OGN stakers may qualify based on TVL migrated to YieldNest.
More info: https://x.com/OriginProtocol/status/1828870668852842619
Super OETH Will Debut on Base Next Week! 🚀🚀
Here's a snippet from our most recent blog ⤵️
Origin's expansion to Base introduces a new class of supercharged LSTs to 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.
👉 https://www.originprotocol.com/introducing-super-oeth
Hey everyone! Welcome to this week's Origin ecosystem update. We have some noteworthy developments to share, so let's get into the highlights. 👋
💪 wOETH Comes to Frax Finance’s Lending Platform!
wOETH is now available on Fraxlend with two new pools: wOETH/frxETH and wOETH/FRAX. Users can supply wOETH as collateral for frxETH and FRAX.
Explore wOETH/frxETH: https://app.frax.finance/fraxlend/pair?address=0x54e20B542EEd95e6c7d8F29aD46A3cf5661C3048
Check out wOETH/FRAX: https://app.frax.finance/fraxlend/pair?address=0x254fbc9dBB12C446ea5c9a4439C816d34b875920
📜 LlamaRisk Updates wOETH Collateral Risk Report
LlamaRisk has released an updated collateral risk report on wOETH, providing valuable insights for users.
Read the report: https://x.com/LlamaRisk/status/1823527709747585242
⚡ Origin Expands to Base
We're excited to announce Origin's expansion to Base, featuring a new token launch aimed at enhancing ETH yield opportunities.
Watch our video: https://x.com/OriginProtocol/status/1823401031109157211
🇹🇷 New Turkish Community Manager Joins Origin
Please welcome Ali, our new Turkish community manager. Look out for him at Istanbul Blockchain Week representing Origin!
🔦 DeFi Opportunity: Spectra Finance
OETH holders can now access yields of 10% to 20% on Spectra Finance. Learn how to utilize Principal and Yield Tokens for optimized returns.
Read our Spectra guide: https://www.originprotocol.com/how-to-use-woeth-on-spectra
That concludes our updates for this week. Have a great weekend, everyone! 👩🚀
Origin's expansion to Base will coincide with a new token launch. 🔵
The token's public launch will be in September 2024. More details to follow shortly. Get into it now! ⤵️
https://x.com/OriginProtocol/status/1823401031109157211
