Summary
This SIP proposes integrating Origin Ether into the ETH Mainnet (Lower Risk) vault in the Lazy Summer Protocol.
Extensive discussion and technical diligence have confirmed that OETH’s redemption mechanics, fees and other technical considerations meet Lazy Summer’s standards, see previous thread [RFC] Onboard Origin Protocol’s OETH and OUSD as new ARKs within the Mainnet ETH and Mainnet USDT vaults on Lazy Summer Protocol
Adding OETH will diversify ETH yield strategies, tap into Origin’s unique liquid staking model, and expand Lazy Summer’s yield-generating sources beyond standard DeFi lending protocols.
Motivation
- Expand yield sources – Provides exposure to Origin’s staked ETH-backed product, adding a complementary ETH yield stream alongside existing ARKs.
- Attract new user types – Engages current OETH holders, deepening penetration into the ETH staking ecosystem.
- Increase TVL – Adds a ETH ARK, supporting Lazy Summer’s ETH vault growth objectives.
Specification
| Parameter | Value |
|---|---|
| Vault | ETH Mainnet – Lower Risk |
| Network | Ethereum Mainnet |
| New ARK | OETH |
| Contracts | Standard: 0x856c4Efb76C1D1AE02e20CEB03A2A6a08b0b8dC3 Wrapped 4626: 0xDcEe70654261AF21C44c093C300eD3Bb97b78192 |
| Risk Level | Lower Risk |
| $SUMR Rewards | In line with ETH Lower Risk SUMR Rewards |
@BlockAnalitica provided their recommendation for this OETH ARK here: [RFC] Onboard Origin Protocol’s OETH and OUSD as new ARKs within the Mainnet ETH and Mainnet USDT vaults on Lazy Summer Protocol - #13 by BlockAnalitica
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