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:
- Website: https://www.originprotocol.com
- Documentation: https://docs.originprotocol.com/
- Github: GitHub - OriginProtocol/origin-dollar: OUSD and OETH are stablecoins that passively accrue yield while you are holding it
- Discord: Origin Protocol
- OETH/WETH Curve Pool: Curve.fi
- OETH/WETH Gauge Vote: Curve.fi
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:
- Governance: OETH is governed by xOGN holders with any upgrades to the contracts being time-delayed by a 48-hour timelock.
- Oracles: Where available, Origin Ether uses Chainlink to secure the protocol from pricing attacks.
- Audits: OETH code is well audited with OpenZeppelin auditing the latest changes to add Yield Forwarding to the OETH codebase.
- Centralization vectors: OETH is a decentralized stablecoin backed by ETH staked on the beacon chain.
- 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!