Summary:
Proposal to add OETH/ARM-WETH-stETH to the Gauge Controller.
References/Useful links:
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Website: https://www.originprotocol.com
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Documentation: https://docs.originprotocol.com/
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Discord: https://originprotocol.com/discord
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OETH/ARM-WETH-stETH Curve Pool: https://www.curve.finance/dex/ethereum/pools/factory-stable-ng-641/deposit
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OETH/ARM-WETH-stETH Gauge Vote: https://www.curve.finance/dao/ethereum/proposals/1283-ownership
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 $175-million in TVL.
We are planning on continuing to support more pools paired with OETH and OUSD and enabling Pool Booster to direct more yield to LPs. We will seed some liquidity and deposit incentives to help attract new LPs.
Specifications:
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Governance: OETH is governed by xOGN holders with any upgrades to the contracts being time-delayed by a 48-hour timelock.
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Oracles: Where available, Origin Ether uses Chainlink to secure the protocol from pricing attacks.
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Audits: OETH code is well audited with OpenZeppelin auditing the latest changes to add Yield Forwarding to the OETH codebase.
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Centralization vectors: OETH is a decentralized stablecoin backed by ETH staked on the beacon chain.
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Market History: OETH was launched in 2023 and currently has more than $150M in TVL.
Vote:
You can vote for the OETH/ARM-WETH-stETH gauge here.
Thank you for your support!