Origin Pauses eETH ARM After Bug Bounty Report
Origin Pauses eETH ARM After Bug Bounty Report
馃洃 ARM paused
Origin has temporarily paused its eETH ARM following a bug bounty report that identified an unexpected interaction between the ARM's withdrawal accounting and a recent upgrade to Ether.fi's withdrawal contract.
Key Details:
- No exploitation occurred and no user funds were impacted or lost
- The ARM continues earning lending yield through Morpho but won't earn eETH arbitrage yield during the pause
- Origin added Merkl incentives targeting 3%-3.5% APY to support liquidity providers
- Expected pause duration is approximately seven days
What This Means:
- LPs don't need to take any action currently
- The stETH and sUSDe ARMs remain unaffected and operational
- Origin plans to migrate users to a new multi-asset WETH ARM, with details coming next week
Users should wait for official instructions before taking any action. Technical details will be shared after remediation is complete.
The eETH ARM has been temporarily paused as a precaution after a bug bounty report identified an unexpected interaction between the ARM鈥檚 withdrawal accounting and a recent upgrade to @ether_fi's withdrawal contract. The issue was not exploited. No user funds were impacted or
馃敋 Origin Sonic Shuts Down After Governance Vote
Origin Sonic (OS) and OS ARM are officially winding down following a passed governance vote. **Key Details:** - Vault is fully funded for withdrawals - Users can claim their S tokens after a 10-minute protocol delay - Withdrawal window: Now through September 26th, 2026 - **Important:** OS and OS ARM are no longer earning yield Users should exit their positions through the [Origin Dapp](http://app.originprotocol.com) before the September deadline. The shutdown marks the end of the OS protocol, with governance deciding to wind down operations. All funds remain secure and accessible for withdrawal.
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).
馃攧 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)
馃敟 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)