Convert Reserve Rights RSR to Super OETH SUPEROETHB

Reserve Rights (RSR) is the central governance token of the Reserve ecosystem. Reserve is a platform for creating DTFs (Decentralized Token Folios), which are the decentralized, self-custody, onchain version of ETFs. DTFs created on Reserve are called RTokens, and there are two types: Yield RTokens and Index RTokens. When staked on any Yield RToken or locked on any Index RToken, RSR holders gain governance rights to propose and vote on basket and configuration changes. For Yield RTokens, staked RSR serves as overcollateralization, providing first-loss capital in the unlikely case of a collateral default in exchange for a portion of revenue. RSR tokens can also be held unstaked if preferred.

Origin’s expansion to Base introduces a new class of supercharged LSTs to accrue value to OGN. Super OETH will be the first token of its kind to offer a high yield on ETH with minimal risk. Instead of simply bridging Origin Ether to Base, we’ve designed a new supercharged LST that uses OETH as a building block for higher yields. Super OETH uses L2 incentives to enhance LST yield, earning far higher APYs than traditional LSTs. Our new product is the first supercharged LST, slated to launch on Base with additional L2s in the pipeline for this year.