Hi @ham, I don’t believe the yield profile of OETH goes against the original dgnETH mandate:
- Maintain a high-yield diversified ETH LST index leveraging collateral to earn from Liquidity Provision, staking, lending, and other yield-managed strategies
- Manage yield with risk management by deploying into audited protocols
I believe that at 7.2% dgnETH would still be a very competitive single-sided ETH LP. In my calculations above the OETH yield was also on the lower-end of it’s spectrum - Origin is still in the process of migrating the OETH AMO to the new Curve pool, and once that is complete higher emissions should start landing, leading to higher OETH yield. In the last month, OETH yields have gone as high as 7.64% APY, and in the last 6 months they have been as high as 18.96% APY. These rates are confirmed by Origin’s Proof of Yield .
I would not support adding autoETH to dgnETH. Rather than onboarding wOETH itself, Tokemak integrated the OETH Curve pool to generate yield, and in doing so they are taking some of the emissions that would otherwise go to the OETH AMO. This means that both the OETH and superOETH yields will decrease as the autoETH TVL increases, which would lower the yields of both dgnETH (if OETH is added) and bsdETH, where superOETH currently makes up 33.35% of the basket.