0xcc4fd6e3…0aedsent to0xb7cb3880…15e6·#22,878,163·view on Etherscan
# Collateral Basket Change Proposal: Adding Wrapped OETH (wOETH) to the dgnETH Collateral Basket
[https://forum.reserve.org/t/rfc-collateral-basket-change-proposal-adding-wrapped-oeth-woeth-to-the-dgneth-collateral-basket/1196](https://forum.reserve.org/t/rfc-collateral-basket-change-proposal-adding-wrapped-oeth-woeth-to-the-dgneth-collateral-basket/1196)
Origin Ether (OETH) was launched in May 2023 and is an ERC20 that generates yield while sitting in your wallet. Similar to stETH, OETH yield is paid out daily and automatically (sometimes multiple times per day) through a positive rebase in the form of additional OETH, proportional to the amount of OETH held. OETH is a full-fledged LST with an extremely tight peg (1:1 redemptions to ETH thru Origin’s ARM) and high yields thanks to DVT direct staking through SSV/P2p and a Curve AMO.
wOETH is a ERC-4626 tokenized vault designed to accrue yield in price rather than in quantity. When you wrap OETH, you get back a fixed number of wOETH tokens. This number will not go up - you will have the same number of wOETH tokens tomorrow as you have today. However, the number of OETH tokens that you can unwrap to will go up over time, as wOETH earns yield at the same rate as standard OETH. The wOETH to OETH exchange rate can be read from the contract (0xDcEe70654261AF21C44c093C300eD3Bb97b78192 , function number 16), or via the OETH dapp.