Getting back to the Origin - a new token with $OETH

HYVE

Sep 26, 2023 • 4 min read

A partnership as old as time... we are happy to announce that our team is integrating yet another token! Origin Protocol is nothing short of a revolutionary step in the DeFi ecosystem. The platform offers a comprehensive solution for creating decentralized, peer-to-peer marketplaces for digital assets, focusing particularly on the burgeoning NFT arena.

This alliance, which initially integrated Origin's primary token $OGN, continues to evolve, cementing its role in shaping the future of DeFi and digital assets, with $OETH! Copy the address down below, add it to your e-wallet and pay for jobs, tasks, or whatever your heart desires on our platform!

ETH: 0x856c4Efb76C1D1AE02e20CEB03A2A6a08b0b8dC3

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Know your Origin!

Origin Protocol is nothing short of a revolutionary step in the DeFi ecosystem. The platform offers a comprehensive solution for creating decentralized, peer-to-peer marketplaces for digital assets, focusing particularly on the burgeoning NFT arena. Aimed at making DeFi user-friendly and widely adopted, Origin Protocol targets a host of pain points that have traditionally kept the mainstream audience at bay.

Why should we use Origin Protocol? We already mentioned before, that this platform strives for new crypto babies every day, imagine something like this project navigating these treacherous waters but also making it simpler for the average Joe to jump aboard!

So, Origin Protocol is like a mashup of cool tech to make things work smoothly. First off, it uses Ethereum's smart contracts to make sure all deals and trades happen without a hitch. It's like having an automatic, cheat-proof referee that everyone trusts, all thanks to Ethereum's rock-solid blockchain. And because it's on Ethereum, you don't need some big company in the middle to make things work; the smart contracts do all the heavy lifting.

Now, for storing all the essential data, Origin Protocol uses something super futuristic called the Interplanetary File System. Yeah, it sounds like something out of a sci-fi movie, and it's backed up with algorithms like Proof of Replication and Proof of Space-time. All of this means that the storage is super flexible and secure.

If you're into coding and want to make your own app, Origin Protocol has your back! It gives you a bunch of easy-to-use tools, including a JavaScript library that helps you get your app up and running in no time. Plus, there are open-source rules and protocols that make it easier for you to add features like user IDs, item listings, and direct trading between users.

Bottom line? Apps built on Origin Protocol are not just super secure, thanks to all the blockchain goodness, but they're also super user-friendly. So, you can chat, trade, and do all sorts of stuff all in one place.

We’re excited to be working with Hyve again, this time with having OETH added as a supported asset for paying freelancers within the Hyve ecosystem. - Origin Protocol

The newest addition - $OETH

We will explain briefly, so that even not the most tech-savvy people can understand: Origin DeFi has OTokens, and there are two main types: $OUSD and $OETH.

As the value of $OUSD is pegged to the price of U.S. dollars, $OETH, on the other hand, is all about Ethereum ($ETH), therefore its value follows the price of ETH. Both are super flexible, meaning anyone can use them, and you can always trade them back for what they're worth in either dollars or $ETH.

Now, $OETH is super similar to $OUSD; they share a lot of the same code. The cool part? $OETH isn't just a "stablecoin" like $OUSD; it's a way to make more $ETH while you hold it! It does this by using liquid staking and other DeFi tricks to up your Annual Percentage Yield (APY)—that's basically how much you could earn in a year just by holding onto it.

About liquid staking: you might've heard that a company called Lido has like 75% of the market, and then there are a couple of others like Coinbase and Rocket Pool. Since Lido has such a huge share, it kind of becomes a single point of failure, especially with governments starting to keep an eye on this space. So, if you're staking ETH, it makes sense to not put all your eggs in one basket.

$OETH changes things and makes this diversification easy. Instead of you having to manually go out and find different staking options or Liquid Staking Tokens (LSTs), $OETH does all the hard work. It spreads your $ETH across various staking strategies and even taps into extra-yield opportunities like liquidity incentives. So, it's like having a money manager, but without all the fees and red tape!

In short, $OETH is your ticket to not only keeping your money in $ETH but also growing it in a smart, diversified way! So why not try it?

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$OETH sustainably outperforms other $ETH staking strategies and limits exposure to any single LSD.

Back to the roots...

HYVE is getting bigger every day, as we are continuously working on improving our platform and expanding our ecosystem! From the Avalanche blockchain integration, to moving onto new tokens, the partnership potential is limitless now. We love it when previous collaborations return for a second round and with Avalanche, this will become a new norm. Drop us a message on X and let us know who you would want back for round 2!