OETH is an ERC20 crypto token that generates yield while sitting in your wallet. OETH is collateralized 1:1 by stETH, rETH, frxETH, ETH, and WETH at all times. Yield is paid out daily and automatically via positive rebase in the form of additional OETH.
According to me it's a truly amazing project ever I have seen in my life.
I find it very interesting that Origin Protocol employs the strategy of using ETH and liquid staking tokens as collateral. OETH seems quite appealing to investors looking for a more straightforward and uncomplicated way to earn yields in ETH.