Origin Protocol Announcements

Introducing the multi-asset WETH ARM. One WETH position can now arbitrage stETH, wstETH, eETH, and weETH through a shared liquidity pool. A 3.24x larger market than the $stETH and $eETH ARM combined. WETH ARM Vault yield is incentivized via Merkl for a limited time. Depositors can earn up to 1.5% higher APY until August 31st, 2026. Read how it works: https://www.originprotocol.com/blog/weth-arm-introduction Explore the WETH ARM Vault on the Origin Dapp: https://app.originprotocol.com/#/arm/1:ARM-WETH

100,000,000 $OGN bought back. 100% of Origin's net protocol fees go directly to open market $OGN buybacks. ~14.8% of total supply bought back and distributed to $xOGN holders so far.

$OGN buyback update; 18M+ OGN has been bought back since the start of 2026. That now represents ~12% of the circulating supply. Buybacks are funded by 100% of protocol fees. The bought back OGN is distributed to xOGN stakers, who are currently earning up to 14% APY.

OGN Buyback Milestone: The buyback program has repurchased 10% of OGN’s circulating supply. To date, over 67,000,000 $OGN has been bought back since the program launched.

50,000,000 $OGN bought back ♻️ 80% of that buyback volume happened in the last six months after the buyback proposal passed. With protocol fees now fueling buybacks, staking rewards have accelerated like never before, with max locked $xOGN currently earning ~33% APY. Next stop: 100M ⏳

Borrow Booster markets on Morpho are ideal for loopers. 🦋 The more you borrow, the more incentives you earn. Learn more about OETH and Super OETH borrow booster markets on our blog: https://www.originprotocol.com/blog/borrow-booster-looping

500K ETH in Volume 💫 Origin’s $stETH ARM has generated over $1.4B (500K ETH) in volume since opening to external LPs. MEVCapital, Yield Protocol, Summer Finance, and Lido have since allocated to the ARM to earn strong ETH yields while supporting the stETH peg. Explore the ARM ETH Vault to earn ETH yield while supporting the stETH peg: https://app.originprotocol.com/#/arm/1:ARM-WETH-stETH

Origin’s ARM just gained a major backer. Pursuant to Lido’s grant, Lido Ecosystem Foundation is now a primary liquidity provider for the stETH ARM, allocating $3M of its treasury assets to the vault. This reinforces $stETH stability while earning yield for Lido Ecosystem Foundation’s treasury.

Happy Friday! Here’s what happened at Origin this week, in case you missed it: 🙂 Origin Token: 1.5 million OGN was bought back this week, bringing total buybacks above 30 million OGN. This represents over 4.5% of the circulating supply and has pushed staking rewards on max locked xOGN above 40%. 🤝 Lido x Origin: The Lido Ecosystem Foundation allocated $3M to the stETH ARM, becoming a primary liquidity provider on the ARM ETH Vault. The collaboration strengthens the stETH peg while earning yield for the Lido Foundation’s treasury. 🦾 ARM Expansion: Yield protocols are allocating to the stETH ARM to earn strong risk-adjusted yield for vault depositors. YO Protocol integrated the ARM, allocated 1,000+ ETH to the strategy in the first week, while Summer.fi has added the stETH ARM to its Lazy Summer Vault. 📰 Token Holder Update: Our September Token Holder Update is live on our blog. Read through our update to learn what happened at Origin in September, from Super OETH developments to ARM expansion. That’s all for this week – have a great weekend!

Origin’s ARM is now integrated into Yield Protocol⚙️ The yoETH vault now allocates to the stETH ARM, turning $stETH volatility into yield. ~1,000 ETH has been allocated to the ARM from the $yoETH vault, representing 10% of the vault’s assets 👇

Super OETH leads the market in onchain exit liquidity. We’ve worked with Aerodrome on a pool rebalance to keep liquidity healthy – full details on our blog 👇 https://www.originprotocol.com/blog/super-oeth-pool-rebalancing?lang=en&category=all&page=1 (1/3) Thanks to the AMO, Super OETH offers the best exit rates among leading LSTs. We’ve managed AMO liquidity on Aerodrome, decreasing the amount of Super OETH in the pool without affecting Super OETH yield or slippage: (2/3) Curious to learn how Origin's AMO works? 🔗 Get the full details in our docs: https://docs.originprotocol.com/yield-bearing-tokens/core-concepts/amo (3/3)

Negative Borrow Rates Now Available on Morpho for superOETHb / USDC 🦋 Origin’s new Borrow Booster forwards Super OETH yield to reduce borrow rates — creating more attractive markets for both borrowers and lenders. Now live on Morpho (1/5) Using Yield Forwarding, superOETHb yield subsidizes borrow APRs on lending markets. 🔹Borrowers pay lower APRs 🔹Lenders see stronger utilization 🔹Markets sustain healthier demand (2/5) The first Borrow Booster vault, curated by Yearn, pairs #superOETHb with $USDC. Unlike standard $WETH vaults, yield forwarding reduces the cost of leverage and makes borrowing structurally more efficient. (3/5) To strengthen adoption, the market will also receive weekly $OP incentives, adding up to ~3% additional yield for both $USDC and #superOETHb deposits. Incentives start today and will continue for the next 6 weeks: (4/5) Programmable yield can be used to enhance liquidity, lending, and overall market efficiency. 🔗 Explore the Super OETH/USDC market on Morpho: https://app.morpho.org/base/market/0x67a66cbacb2fe48ec4326932d4528215ad11656a86135f2795f5b90e501eb538/superoethb-usdc (5/5)

The new $OGN dashboard is live 📊 Track buybacks, staking rates, protocol revenue, and other core drivers for Origin Token. 🔗 Dashboard: https://originprotocol.com/ogn

📊 August by the numbers: 🔹 5.39 Million $OGN bought back 🔹 49.3% APY on max-locked $xOGN Stake OGN and start earning from buybacks at https://app.originprotocol.com/#/ogn/staking

What happened at Origin in August? • $OGN staking yields hit record levels • Institutions deployed into Origin products • ARM vaults kept growing Catch all the highlights in our latest Token Holder Update ⬇️ https://www.originprotocol.com/blog/august-2025-token-holder-update?lang=en&category=all&page=1

Pendle just got a volatility market for Lido $stETH ⚡️ For the first time, Pendle Yield Tokens (YT) can be used to bet on stETH volatility. Now possible via ARM-WETH-stETH. Here's how it works 🧵 (1/5) The stETH ARM earns yield by arbitraging stETH/ETH price discrepancies — buying stETH at a discount and redeeming it via Lido. More stETH volatility = higher yields With Pendle support, you can now tokenize that future yield and trade it directly. (2/5) Use cases include: → Speculating on $stETH volatility through YT → Locking in fixed yield from the stETH ARM → LP’ing on Pendle to earn trading fees + rewards This is a new type of yield market tied to protocol-driven arbitrage. (3/5) ARM-WETH-stETH is unique due to how it generates yield: ✅ Yield from Lido stETH arbitrage ✅ Lending yield on idle ETH via Morpho (4/5) The ARM is becoming a composable building block across DeFi. Now live on Pendle — with more integrations coming soon. Explore the market: https://app.pendle.finance/trade/markets/0x53f940db819400f226466f5ad330c177a4be6b3c/swap?view=yt&chain=ethereum (5/5)

ETH Strategy made an allocation to $OETH to earn secure, onchain yield for its digital asset treasury. Here’s how OETH was designed to be the premier asset for large-scale investors: (1/5) Why Origin? We designed OETH for the smoothest swaps. Origin Ether holds the tightest peg to ETH, making it easy to exit positions without incurring extra costs. (2/5) Origin Ether brings more innovation with programmable yield: Yield can be forwarded into different contracts, allowing new use cases never seen in DeFi before. One example is our Pool Booster integration on Curve Finance. (3/5) Security is strengthened with decentralized validator technology (DVT). By running validators across the SSV Network, OETH reduces single points of failure and adds extra peace of mind for large-scale allocators. (4/5) ETH Strategy is the first autonomous treasury protocol focused on ETH accumulation, operating entirely onchain. Learn more: https://www.ethstrat.xyz/ (5/5)

Big opportunities are coming for those using Origin's ARM Vaults. The stETH and OS ARMs are integrating with top protocols, starting tomorrow with Pendle to enable directional trades on LST pegs. 🔗 Learn more: https://www.originprotocol.com/arm-tokens-in-defi