Origin Ether turns 1 year old today! đ Over the past year, Originâs ecosystem, tokenomics, and products have benefited significantly from the launch of $OETH. Letâs dive into the road so far, and where weâre headed nextđ Ecosystem Growth: đ· Origin Etherâs ecosystem features more than 100 integrations and collaborations, ranging from DeFi protocols to exchanges and wallets. đ· One of our most exciting integrations was with @eigenlayer: OETH was one of the earliest LSTs supported by the restaking platform. đ· Since OETH went live on @eigenlayer in 2023, more than 15,000 OETH has been restaked on the platform. Security: Origin Etherâs battle-tested codebase has undergone several audits by OpenZeppelin, TrailofBits, and others to safeguard its infrastructure and protect users. These measures have contributed significantly to maintaining the stability of the OETH peg, even during market downturns. OETH Growth Analytics: đ· The 7-day average APY for OETH has consistently provided its users with the best ETH staking yield on the market. đ· Yield-earning supply has grown significantly over Origin Etherâs first year, currently standing at over 27,000 OETH. đ· Total yield generated for OETH holders has reached 1,349 ETH, equating to over $4 million in earnings for holders. đ· OETH has scaled rapidly since launch, now commanding a current TVL in excess of $100M. đ· Aggregate protocol revenue generated by OETH sits at over ~335 ETH (+$1,000,000). đ· These fees were collected by stakers. Following the OGV-OGN merger, these rewards will be streamlined to xOGN holders. Looking Forward: Following a successful year for OETH, there is potential for much larger growth in 2024. Originâs product suite is evolving, and OETHâs updated design plays a critical role in Originâs continued expansion: â¶ïžSimplifying OETH collateral to 100% ETH backing further stabilizes its ETH peg â¶ïžOETHâs model is being leveraged to explore generalized native LSTs for EVM networks â¶ïžMainnet OETH will serve as a base layer for derivative products on Base/Optimism â¶ïžOriginâs Automated Redemption Manager will power seamless OETH swaps with zero slippage Our exploration into cross-chain expansion has led to wrapped OETH (wOETH) being deployed on Arbitrum, with further integrations on Base and Optimism in the pipeline. Leveraging Chainlink CCIP, OETH can now be safely bridged to layer 2s. wOETHâs initial deployment has been bolstered by an LTIPP Grant from the Arbitrum Foundation, amounting to 185,000 $ARB. These funds will be utilized to incentivize users on Arbitrum to explore new yield opportunities with OETH, across an array of leading platforms. Hereâs to another year of growth and innovation as OETH cements its place as a cornerstone of our product suite. Endless opportunities await â join us in shaping the future of yield: