💰 Negative Rates Alert

💰 Getting Paid to Borrow

By Origin Ether
Dec 15, 2025, 4:54 PM
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Morpho's Borrow Booster markets are offering negative interest rates on USDC loans, meaning borrowers get paid to borrow.​

Key Details:

  • Available on Base and Ethereum Mainnet
  • Base Super OETH market offering ~9.​7% APY to borrowers
  • Higher LTV loops earn more rewards
  • Auto-deleverage feature reduces liquidation risk

How it works:

  • OETH and Super OETH yield subsidizes borrow costs
  • Borrowers effectively earn money on USDC loans
  • Risk management through automatic deleveraging

Available Markets:

Check out these markets to explore earning while borrowing.​

Sources
Read more about Origin Ether

🔚 Origin Sonic Shutdown

🔚 Origin Sonic Shutdown

Origin Sonic (OS) and OS ARM are shutting down after a governance vote passed. The vault has sufficient funds for all withdrawals. **Key Details:** - Users can claim their funds after a 10-minute protocol delay - Withdrawal window: Now through September 26th, 2026 - Access withdrawals at [app.originprotocol.com](http://app.originprotocol.com) - **OS and OS ARM have stopped earning yield** **Action Required:** Users should withdraw their assets before the September deadline to avoid complications.

Origin ARM Vaults Offer Above-Market Yields Through USDe Arbitrage

Origin Protocol has launched ARM Vaults that generate yield through a dual strategy approach. **How it works:** - Passive arbitrage between USDe and sUSDe - Additional yields from Aave USDe lending - Liquidity providers support onchain sUSDe liquidity **Key benefit:** Depositors earn above-market yields while contributing to the ecosystem's liquidity infrastructure. The sUSDe ARM Vault is now available at [Origin Protocol's platform](https://app.originprotocol.com/#/arm/1:ARM-sUSDe-USDe).

🔄 Origin's eETH ARM Routes Idle Capital to Morpho for 5.7% APY

🔄 Origin's eETH ARM Routes Idle Capital to Morpho for 5.7% APY

Origin Protocol's eETH Automated Redemption Manager (ARM) integrates Morpho lending to maintain consistent yields when arbitrage opportunities are scarce. **How it works:** - Primary strategy: arbitrages eETH price differences across AMMs and Ether.fi withdrawal queue - When eETH trades below peg, ARM buys discounted eETH and redeems 1:1 to capture spread - During idle periods, capital automatically routes to Morpho for lending yields **Performance:** - 5.7% APY over past 30 days - Outperforms base eETH staking (~3% APY) - Peak volatility periods have generated 30%+ daily APYs The strategy builds on Origin's proven stETH ARM, which has processed $2B+ volume over 2 years with 5.6% recent APY. Audited by OpenZeppelin and yAudit. [Explore eETH ARM](http://app.originprotocol.com/#/arm/1:ARM-WETH-eETH)

🔥 stETH Volatility Trading

**Pendle Finance** now offers the first-ever **stETH volatility trading** market. - ARM protocol captures the spread between different stETH positions - Pendle transforms this into a tradeable market for users - Traders can now directly trade volatility exposure on staked Ethereum This creates a new DeFi primitive allowing users to speculate on or hedge against stETH price movements without holding the underlying asset. [Trade stETH volatility on Pendle](https://app.pendle.finance/trade/markets/0x53f940db819400f226466f5ad330c177a4be6b3c/swap?view=pt&chain=ethereum)

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