Super OETH
Intro to Super OETH
Super OETH is the first in a new class of yield product— Supercharged LSTs. By combining liquid staking yield from Ethereum with compounded rewards on other L1s and L2s, Supercharged LSTs offer materially higher APY compared to traditional LSTs without adding substantial risk.
As a supercharged version of Origin's flagship liquid staking token, Super OETH inherits most of its code from OETH and benefits from its multi-year track record of safety and numerous audits. Both products are rebasing ERC-20 tokens that grow automatically in your wallet every day as ETH yield is harvested and auto-compounded.
While Super OETH's staking yield comes from Ethereum via Chainlink's CCIP, its peg is ensured by the protocol maintaining a deep liquidity on a native AMM pool pairing WETH with Super OETH. This allows for anyone to sell Super OETH 1:1 for WETH at any time. It also enables the protocol to earn incentives from the AMMs, which are harvested back into WETH and distributed to Super OETH holders. This combination of Beacon Chain yield and auto-compounded rewards create a safe and compelling yield token that is fully backed by ETH.
As with all of Origin's products, protocol revenue and other value generated by Super OETH accrues back to OGN.
Core Concepts
Origin's four yield-bearing token products ( OUSD, OETH, Super OETH, and OS) share most of the same battle-tested code. While each has its own characteristics and use cases, the same overall user experience applies across the product suite. Learn more about the core concepts here:
Rebasing & Smart Contracts
Moving Beyond Ethereum Mainnet
Layer 2 solutions on Ethereum are designed to enhance the scalability, speed, and cost-efficiency of transactions without compromising the security and decentralization offered by Ethereum Mainnet. These solutions operate on top of the Ethereum base layer, processing transactions off-chain while periodically settling them on-chain. By doing so, they alleviate congestion on Ethereum and significantly reduce gas fees. This helps make Ethereum more accessible for a broader range of users and applications.
Prominent layer 2 solutions and sidechains enable thousands of transactions to be bundled and processed in a single transaction on Ethereum. This results in faster confirmation times and drastically reduced transaction costs, which are crucial for DeFi applications and other high-transaction-volume use cases. Additionally, these networks often come with enhanced features, such as improved user experiences, making them an essential component of Ethereum's scalability roadmap.
By leveraging additional layer 1s and layer 2s, Super OETH can offer compounded rewards and higher yields while maintaining the robust security and decentralization that Ethereum is known for.
Low Risk, High Yield
Super OETH presents a unique combination of low risk and high yield to offer a superior ETH yield product.
Not all LSTs are created equal. Some are more decentralized and some are built by teams with more rigorous security practices than others. Meanwhile, some LSTs offer marginally higher yield but contain hidden costs in the form of exit fees or volatile prices relative to ETH. Super OETH inherits both above-market yield and industry-leading peg stability with OETH as its core building block.
In pursuit of even higher yield, many users have gravitated toward restaking and other strategies that involve taking fundamentally different risk. By adding layers of protocol exposure or leverage, users are chasing returns that may not actually be better on a risk-adjusted basis. And in many cases, performance is measured in "points" or some other speculative component that requires significant trust and is unlikely to be sustained.
Super OETH aims to offer the best of both worlds. With yield materially higher than vanilla LSTs and a similar risk profile to bridged liquid staking, Super OETH sets itself apart by consistently generating verifiable, compelling, real yield on-chain.
Available Networks
Super OETH is currently available on two networks: Base (superOETHb) and Plume (superOETHp). While the two tokens share the same design, it's important to note that they are unique, chain-specific LSTs with separate collateral, yield, integration partners, etc.
Read more about the two unique tokens here:
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Super OETH
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Wrapped Super OETH
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Plume
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