Super OETH (superOETHb)
Introduction
Super OETH combines liquid staking yield from Ethereum with AMM rewards found on Base. Super OETH offers materially higher APYs 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 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 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:
Super OETH (superOETHb)
Origin's Supercharged liquid staking token on Base is superOETHb, which derives Beacon Chain yield from bridged Wrapped OETH and earns rewards from AMMs through a protocol-owned, concentrated liquidity positions on Base.
Protocol Owned Liquidity
The rewards generated by Super OETH are closely tied to AMM flywheels and Beacon chain staking rewards.
By deploying protocol owned liquidity on AMMs, Super OETH is able to ensure an extremely tight peg to ETH at any scale. The Super OETH AMO holds a portion of the protocol's underlying collateral in a concentrated liquidity pool with an extremely tight price range, ensuring instant exits with low slippage. This allows anyone to sell superOETHb into the pool for nearly 1.000 ETH before trading fees.
As a result of these large liquidity positions, Super OETH earns incentive tokens that are harvested and distributed to superOETHb holders every day in the form of additional superOETHb. Combined with Beacon Chain staking yield from bridged wOETH, these rewards generate a market-leading APY for Super OETH never before seen in a low-risk liquid staking token.
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