Convert eETH ARM LP Token ARM-WETH-EETH to Optimism OP

ARM-WETH-EETH is the LP token for Origin Protocol's eETH ARM vault on Ethereum. Depositors receive ARM-WETH-EETH upon depositing WETH into the vault, representing their share of the pool. The vault generates yield by purchasing eETH from AMMs at a discount and redeeming it 1:1 for ETH through EtherFi's redemption queue, capturing the price delta as passive yield. When arbitrage opportunities are not present, idle WETH is routed to lending markets to earn additional yield. All protocol revenue accrues to OGN stakers via buybacks and distributions to xOGN holders. Built by Origin Protocol.

Optimism is a network of chains called the Superchain, built on the open-source OP Stack. OP Mainnet was the first chain, with several others now operating on the OP Stack architecture, including Base (by Coinbase), Unichain (by Uniswap), Ink (by Kraken), and World Chain (by Worldcoin). The OP Stack serves as a framework for Ethereum Layer 2 chains and supports significant L2 activity. Every OP Chain in the Superchain contributes back to the Optimism Collective and all chains follow a standardized revenue-sharing model: the greater of 2.5% of total chain revenue or 15% of onchain profit (defined as fees minus L1 gas costs) is paid back to the Optimism. By aligning economic incentives across many chains, Optimism aims to transform Ethereum scaling into a sustainable flywheel by delivering fast, low-cost transactions while reinvesting in the future of the ecosystem. OP holders participate in governance to shape protocol upgrades, funding decisions, and more