Origin Ether
Crypto Overview
Purpose and Utility
Origin Ether (OETH) is a liquid staking derivative token launched by Origin Protocol. It allows users to earn ETH staking yields while maintaining liquidity. When users deposit ETH, they receive OETH tokens representing their staked position.
Business Model
The protocol aggregates various ETH liquid staking solutions like Lido and Rocketpool to optimize yields. OETH holders receive staking rewards directly to their wallet without having to claim them. The protocol aims to provide maximum capital efficiency for ETH staking.
Real-World Adoption
According to data from Origin Protocol, OETH has over $80 million in Total Value Locked (TVL) as of January 2024. The token is actively traded on decentralized exchanges and integrated with DeFi protocols.
Platform Development
Origin Protocol maintains active development of the OETH protocol, with regular updates and improvements to the staking mechanism and yield optimization strategies. The project has a transparent development process with code available on GitHub.
Token Distribution
OETH tokens are minted 1:1 when ETH is deposited into the protocol. There is no pre-mine or token allocation to founders/team. The token supply expands and contracts based on deposits and withdrawals.
Crypto Impact
To assign a comfort level investing in Origin Ether from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Origin Ether.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.