Add Origin Ether LST

[sumpg41]

Project name

Origin Ether

Product type

Staking pool

If other product type, please describe

No response

Logo

Description

Origin Ether (OETH) is a superior LST for earning yield across DeFi. Fully collateralized by reserves of ETH, OETH boasts a robust peg and seamless mechanics, making it an ideal asset for deep integrations with leading DeFi protocols. OETH’s rebasing design auto-compounds in your wallet, allowing you to earn yield without any lock-ups.

Website

https://www.originprotocol.com/oeth

If software is involved, is everything open source?

Yes, everything is open source: provide link(s) to project repo(s)

Is the project a fork? If yes, which project was forked?

Yes

Is the product out of beta development?

Origin Ether (OETH) has been out of beta since May 16, 2023. The OETH repo can be found via https://github.com/OriginProtocol/origin-dollar/tree/master/contracts

Origin Ether is a fork of Origin Dollar (OUSD), but its functionality has changed - from a proposal earlier this year, OETH has transitioned from an aggregator into a true LST.

What wallets support the product or service?

Any wallet that supports ERC20 tokens can support OETH.

If the product or service enables staking with <32 ETH, what is the minimum ETH required to stake?

There is no minimum amount of ETH required to use OETH.

If a service, what are the fees associated with using the service?

There is a 20% performance fee on the yield generated when using OETH.

If the product or service involved a liquidity token, what are the tokens involved?

OETH is backed only by ETH and WETH.

What date did the project or service go live?

Origin Ether launched on May 16th 2023.

Has the project undergone an external security audit?

Origin Ether has undergone multiple audits, all of which can be seen on the Audits Page of the OETH docs. Origin also keeps OpenZeppelin on retainer to review 100% of the OETH smart contract changes.

Has the project undergone any security bug bounties?

There is an open bug bounty for up to $1m USD on Immunefi.

Is the project being actively maintained?

Yes

Is the product or service free of trusted/human intermediaries?

The OETH contracts are fully owned by the Timelock, which is controlled by OGN stakers (xOGN holders). There are no lockups or restrictions with exiting OETH - users can redeem OETH for the underlying ETH via the OETH dapp at any time, or can swap to other tokens using any supported centralized or decentralized exchange.

If a pooled staking service, can users participate as a node operator without permission?

Users cannot participate as a node operator without permission

If listing a staking-as-a-service, are users required to sign-up for an account?

n/a

If listing as staking-as-a-service, who has access to the signing keys?

n/a

If a pooled staking service or SaaS provider, what type of withdrawal credentials are being utilized / who holds the withdrawal keys?

In theory each SSV Operator holds part of the key and we need 3 of the 4 to exit. In practice, P2P runs the four SSV Operators. We also have the validator key which we can use to exit a validator.

If a pooled staking service or SaaS provider, what percent of node operators are running a super-majority client?

We have 2 SSV clusters with 4 operators in each.

The 1st: https://ssvscan.io/cluster/382ddc64ee0346ad3bd0b805993fa6f569dbfecf7e0e15666a4a1f70d45cb67d The 2nd https://ssvscan.io/cluster/f70f9181ceaf846e8fd41f62d838d8a714b137700763e500c40c0335f94c417b

25% of node operators are running Geth and Prysm on Bare-metal servers, 25% of node operators are running Geth and Prysm on GCP, 25% of node operators are running Nethermind and Nimbus on Bare-metal servers, and 25% of node operators are running Besu and Teku on GCP.

The SSV operators can also be seen here: https://origindefi.grafana.net/public-dashboards/68227b64cc33446886b16a0c024361ea

If listing node or client tooling, which consensus layer clients (Lighthouse, Teku, Nimbus, or Prysm) are supported?

n/a

What platforms are supported?

OETH is available on all platforms.

What user interfaces are supported?

OETH is available on all interfaces.

Social media links

Twitter https://twitter.com/OriginProtocol Telegram https://t.me/originprotocol Discord https://discord.com/invite/ogn Blog https://www.originprotocol.com/blog Github https://github.com/originprotocol Facebook https://www.facebook.com/originprotocol/ Youtube https://www.youtube.com/c/originprotocol Reddit https://www.reddit.com/r/originprotocol/ LinkedIn https://www.linkedin.com/company/originprotocol/ Tik Tok https://www.tiktok.com/@origin_protocol Instagram https://instagram.com/originprotocol

Would you like to work on this issue?

• [ ] Yes
• [X] No