Ethereum prices rose to over $2100 today following news that BlackRock, the world’s largest asset manager, has applied to launch an Ethereum exchange-traded fund (ETF). This potential ETF would allow mainstream investors to gain exposure to Ethereum’s price movements through investing in the fund.
Ethereum has seen growing adoption in recent years as the second-largest cryptocurrency by market capitalization. However, many retail investors have found it difficult to directly invest in Ethereum and access its potential growth. An ETF would provide an easy way for both institutional and retail investors to gain Ethereum exposure.
Popular crypto analyst Crypto Nova outlined how to earn yields on Ethereum without additional investment. In a Twitter thread, Crypto Nova explained how Origin Protocol’s OETH makes it simple for millions of Ethereum holders to put their assets to work and stack more ETH.
Crypto Nova started by noting that most Ethereum holders don’t know how to earn yield on their investment without buying more ETH. However, products like Origin Protocol’s OETH are changing that by optimizing yields between leading liquid staking services and DeFi strategies.
According to Crypto Nova, OETH offers far higher yields on ETH compared to just holding a liquid staking token outright. By utilizing a flywheel yield strategy between staking rewards, swap fees, and yield farming, OETH generates a very high APY on ETH with arguably the highest safe returns available.
OETH is not Origin Protocol’s first product optimized for yield. In 2020, Origin launched OUSD, the first yield-bearing stablecoin in DeFi. By depositing USDC, USDT or DAI into OUSD, users earn passive yield on their stablecoins. Both OUSD and OETH use an innovative rebasing mechanic to eliminate the need to manually claim rewards and pay gas fees.
Now here’s where things get interesting, according to Crypto Nova. Origin Protocol also has a governance token, OGV, that has seen major improvements recently. OGV allows holders to vote on yield strategies, tokenomics, and collateral allocations within Origin’s ecosystem.
Crypto Nova outlined several key advantages to holding OGV:
- OGV stakers earn higher value following recent changes
- Reduced OGV sell pressure after tokenomics overhaul
- OGV DAO earns fees from growing OETH and OUSD protocols
- Tiny OGV market cap compared to Origin’s TVL and revenue
With over $90M worth of value deposited into Origin’s yield-earning protocols, Crypto Nova made the case that OGV is undervalued compared to other governance tokens. He noted that over 80% of OGV’s supply is staked, meaning most holders are in it for the long-term.
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Crypto Nova’s in-depth look at maximizing yields on Ethereum through Origin Protocol’s suite of DeFi products offers a blueprint for ETH holders looking to earn passive income without additional investment. His tweets likely contributed to today’s Ethereum price pop as more investors discover these yield opportunities.
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