[REPORT] bsdETH Quarterly Report Q1 2025

Thanks for putting together a solid quarterly report @ham, this was quite useful and included some things I would have missed otherwise. Regarding the wsuperOETHb yield - I believe the amount showing in the Reserve UI to be not entirely accurate - according to Origin’s API, for the 40 days since the wsuperOETH proposal passed the superOETHb yield was 5.254217542010967% APR, which brings the blended APR a bit higher than the amount in your screenshot to 3.86076073%. I’ve mentioned this to the Reserve core team, hopefully they can update the UI to include the API by the time the next quarterly report is ready.

One idea I had to help drive growth for bsdETH, would be to deploy a bsdETH/superOETHb pool on Curve, with Yield Forwarding enabled. Origin can assist with obtaining the gauge for this pool. Through Yield Forwarding, rather than having the yield sent to other users, like it is with superOETH sitting in other smart contracts that are opted-out of receiving yield, the yield from the underlying superOETH in the pair will be sent back to Curve as a bribe on the pair - incentivizing Curve voters to vote to send emissions to the pool, which in turn drives individuals to deposit into this pool. The bribes for this pool could be entirely funded from the superOETH yield itself, rather than needing the Reserve team or DAO to cover this cost.

To get the Yield Forwarding process started, Origin would just need the bsdETH/superOETH pool to be deployed. The initial liquidity for this pool could come from one of the current bsdETH/ETH pools on Uniswap or Aerodrome. Many of the current pools with Yield Forwarding enabled can be found on Origin’s governance forum.