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Origin Protocol to launch Super OETH on Base in September to increase $OGN DAO revenue and more

Origin Protocol to launch Super OETH on Base in September to increase $OGN DAO revenue and more

CointimeCointime2024/08/21 06:55
By:Cointime

Origin Protocol announced the launch of a new product, Super OETH (superOETHb), on the Base network in September. This is the first "supercharged" liquidity-staking token (Supercharged LST). Although Super OETH has many similarities with OETH, it is not just a version of OETH on Base.It aims to earn holders more ETH by amplifying LST earnings and providing generous LP rewards. Unlike regular L2 network LST, Super OETH is expected to have a higher annual percentage yield (APY), offer more profitable DeFi integrations, and increase $OGN DAO revenue.Origin Protocol plans to use this as a starting point and expand similar high-performance products to other networks. All versions of Super OETH will contribute to the success of the OGN token, and higher earnings mean more income for OGN stakers.

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