Origin Protocol November Update: Record Buybacks and Major OETH Upgrade

**New Stablecoin Pairing on Curve** USDnr, a liquid staking token-backed stablecoin, now pairs with OUSD on Curve Finance. The pool uses SmarDex technology and connects OUSD liquidity with USDnr's delta-neutral yield strategies. **Growing OUSD Ecosystem** This marks the third recent stablecoin pairing with OUSD on Curve, following: - crvUSD/OUSD pool - msUSD/OUSD pool - frxUSD/OUSD pool (offering up to 18% APR) All pools benefit from Pool Booster incentives, which route OUSD yield to strengthen LP returns and deepen onchain liquidity.

Origin Protocol's Automated Redemption Manager (ARM) is generating elevated yields during recent market turbulence: - **stETH ARM**: 7.6% APY - **eETH ARM**: 7.4% APY The ARM strategy captures price dislocations when liquid staking tokens drift from their peg, executing arbitrage trades across AMMs and withdrawal queues. This mechanism simultaneously generates yield for depositors while stabilizing LST prices in secondary markets. The technology has processed over $2B in volume across two years of operation, with audits from OpenZeppelin and yAudit. When arbitrage opportunities aren't present, capital routes to Morpho for lending yields.

Harvest Finance has introduced a simplified farming solution for the frxUSD/OUSD Curve pool, enabling users to swap directly from assets like USDC and ETH into the pool in a single transaction. **Key Features:** - One-transaction farming from multiple asset types - Automated compounding functionality - Current yield: 7.48% APY **What This Means:** The new autocompounder removes technical barriers for liquidity providers by consolidating multiple steps into one action. Users can now participate in Curve pool farming without manually managing swaps or reinvesting rewards. The frxUSD/OUSD pool pairs two stablecoins, offering a relatively stable farming opportunity compared to volatile asset pairs.

Origin Protocol's eETH Automated Redemption Manager (ARM) integrates Morpho lending to maintain yield generation during periods without arbitrage opportunities. **Key Performance Metrics:** - 5.7% APY achieved over the past 30 days - Outperforms standard eETH staking (~3% APY) - Built on 2-year proven technology from stETH ARM ($2B+ volume processed) **How It Works:** - Primary strategy: Arbitrages eETH price differences between AMMs and Ether.fi withdrawal queue - When eETH trades below peg, ARM buys discounted eETH and redeems 1:1 for profit - During low arbitrage periods, capital automatically routes to Morpho for lending yields - Provides continuous buy pressure to stabilize eETH peg **Security & Track Record:** - Audited by OpenZeppelin and yAudit - stETH ARM has operated successfully for 2 years - Trusted by Lido Grants, Summer.fi, and Yield - Achieved 30%+ daily APY during peak volatility periods The dual-strategy approach ensures capital remains productive regardless of market conditions. [Explore eETH ARM](http://app.originprotocol.com/#/arm/1:ARM-WETH-eETH)

**Pendle introduces liquid yield trading for stETH volatility** through ARM (Automated Risk Management) integration. **How ARM generates yield:** - Buys stETH at discount during volatility - Redeems back to ETH at 1:1 ratio via Lido - Captures spread as profit for depositors **Pendle splits ARM yield into tradeable tokens:** - **PT (Principal Tokens):** Steady ETH exposure + fixed yield - **YT (Yield Tokens):** Leveraged upside to ARM yields This creates the **first direct way to trade stETH volatility** on Pendle. Higher stETH price swings = more arbitrage opportunities = increased yields for ARM depositors. Traders can now: - Speculate on stETH volatility through YT - Lock in fixed yields from ARM via PT - Provide liquidity to earn trading fees The ARM vault combines Lido stETH arbitrage with lending yield on idle ETH via Morpho, creating a unique yield source tied to protocol-driven arbitrage. [Trade the market](https://app.pendle.finance/trade/markets/0x53f940db819400f226466f5ad330c177a4be6b3c/swap?view=pt&chain=ethereum)