Grow your stablecoin portfolio by
swapping USDC, USDT, or DAI to OUSD. Yields are generated on-chain, distributed directly to your wallet,
and compounded automatically. Your funds are never risked on speculative positions.
7.24%
Trailing 30-day APY
Fully transparent on the
Ethereum blockchain
Funds are deployed to automated,
on-chain, blue-chip stablecoin strategies. There are no gatekeepers or centralized money managers and
governance is entirely decentralized.
Current yield sources
& allocations
Yield source
Allocation
$5,640,762
(76.02%)
Morpho Aave USDT
32.04%
Morpho Aave USDC
43.98%
Morpho adds a peer-to-peer layer on
top of Compound and Aave allowing lenders and borrowers to be matched more efficiently
with better interest rates. When no matching opportunity exists, funds flow directly
through to the underlying protocol. OUSD supplies stablecoins to three of Morpho's
Compound markets to earn interest. Additional yield is generated from protocol token
incentives, including both COMP (regularly sold for USDT) and MORPHO (currently locked).
$1,778,805
(23.97%)
DAI
23.97%
MakerDAO is the decentralized
organization responsible for issuing DAI. The Dai Savings Rate (DSR) is a key mechanism
of the Maker protocol designed to stabilize the value and supply of DAI by incentivizing
users to hold and save it. OUSD utilizes the DSR as its base strategy for earning yield
from DAI holdings.
Unallocated
$20
(0.00%)
DAI
0.00%
USDT
0.00%
USDC
0.00%
Some copy about unallocated amounts
Always 100% collateralized
OUSD is backed 1:1 by the most trusted
collateral in crypto. Reserves are verifiable on-chain. You can redeem OUSD immediately at any time.
Security first
OETH’s battle tested codebase has been built with an
unerring commitment to best-in-class security.
Audited 12+ times by
world-class experts
Changes to the protocol are
reviewed by internal and external auditors on an ongoing basis.
OpenZeppelin
Trail
of Bits
Narya
48-hour timelock
If a malicious governance vote were
to ever pass, users are given 48 hours to withdraw their funds before any new code is
implemented.
Bug bounties
A $1,000,000 reward is offered
through Immunefi, Web3's leading bug bounty platform. No major vulnerability has been identified
in OETH's open-source code.
Multiple factors contribute to OUSD
outperforming its underlying strategies, but there’s one big one. While 100% of the collateral is used
to generate yield, only some of the OUSD in circulation is receiving that yield.
Governed by $OGN stakers
OETH's future is shaped by voters who lock their OGN and participate in
decentralized governance.