[SIP2.9] Adding OETH to ETH Higher Risk Strategy

Governance Summer Improvement Proposals
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Summary

This SIP proposes integrating Origin Ether into the ETH Mainnet (Higher 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 Two New ETH Vaults: Including Lazy Summer's first higher risk strategy

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 – Higher Risk
Network Ethereum Mainnet
New ARK OETH
Contracts Standard: 0x856c4Efb76C1D1AE02e20CEB03A2A6a08b0b8dC3 Wrapped 4626: 0xDcEe70654261AF21C44c093C300eD3Bb97b78192
Risk Level Higher Risk
$SUMR Rewards In line with ETH Higher Risk SUMR Rewards

@jensei @Recognized_Delegates @chrisb @halaprix @0xtucks @samehueasyou

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Link to the onchain proposal :

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Thank you @pete for the proposal. I have now made some copy edits and added tags to align it with the existing Vaults structure. Looking forward to the Risk assesment from the @BlockAnalitica.

–jensei

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As with SIP 2.10, Origin is a good actor in this space, and support adding it to the higher risk tier.

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