Proposal to add OETH/WETH to the Gauge Controller

Summary:

Proposal to add OETH/WETH to the Gauge Controller. Origin is planning on moving liquidity held in the OETH/ETH pool to this new OETH/WETH pool.

References/Useful links:

Protocol Description:

Origin Protocol is a suite of complimentary DeFi products designed to increase economic opportunity for all. These permissionless and composable smart contracts provide superior user experiences across DeFi in a groundbreaking multichain yield ecosystem.

Motivation:

Origin Protocol is heavily involved in the Curve ecosystem with pools paired with Origin tokens collectively holding more than $42-million in TVL.

We are planning on moving liquidity from our existing OETH/ETH pool to this new OETH/WETH pool.

Specifications:

  1. Governance: OETH is governed by xOGN holders with any upgrades to the contracts being time-delayed by a 48-hour timelock.
  2. Oracles: Where available, Origin Ether uses Chainlink to secure the protocol from pricing attacks.
  3. Audits: OETH code is well audited with OpenZeppelin auditing the latest changes to add Yield Forwarding to the OETH codebase.
  4. Centralization vectors: OETH is a decentralized stablecoin backed by ETH staked on the beacon chain.
  5. Market History: OETH was launched in 2023 and currently has more than $75M in TVL.

Vote:

You can vote for the OETH/WETH gauge here.

Thank you for your support!

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