superOETHb
Origin's first token to launch in this category was superOETHb, which derives Beacon Chain yield from bridged Wrapped OETH and rewards from Aerodrome through a protocol-owned, concentrated liquidity position on Base.
OETH vs. superOETHb
The Flywheel on Base
The rewards generated by Super OETH are closely tied to the Aerodrome flywheel and Beacon chain staking rewards.
Aerodrome, the liquidity hub of Base, plays a crucial role in the ecosystem by combining features of both Uniswap and Curve into a single platform, making it the largest protocol on Base.
Aerodrome incentivizes token holders to vote for pools that generate the highest volume and provide the most value to the ecosystem. In return, voters are rewarded with the fees from those pools as well as additional vote rewards from external protocols.
Origin actively participates in this flywheel by directing vote rewards to veAERO lockers. These lockers, in turn, use their voting power to drive AERO emissions towards the Super OETH pool. This strategy not only helps to build deep liquidity but also contributes to the yield generated by Super OETH, along with staking rewards from ETH staked in the Beacon Chain.
Protocol Owned Liquidity
Through its integration with Aerodrome, Super OETH is able to ensure a 1:1 peg with 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 within a single tick above 1.0000 WETH. This allows anyone to sell superOETHb into the pool for at least 1 WETH (minus swap fees).
As a result of this large liquidity position, 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.
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:
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