DeFiPunk'd

Origin Protocol

5 deployments · $83.8M aggregate TVL · Liquid Staking

Deployments

Each deployment is rated independently. Pick one to see its rating, risk analysis, and stage.

TVL $63.7M
Type Liquid Staking
Chains Ethereum, Base, Plume Mainnet
View on DeFiLlama ↗
Control criteria
Upgradeability Upgradeable Bug bounty immunefi.com Governance forum governance.originprotocol.com Docs docs.originprotocol.com
About

Origin Ether (OETH) is an Ethereum liquid staking token that allows users to deposit WETH (or ETH via the Zapper contract) into a yield-bearing vault and receive OETH that automatically accrues staking yield in their wallet without locking. The protocol earns yield by operating compounding Ethereum validators using EIP-4788 Merkle-proof-verified accounting, and deploys liquidity into Curve AMO strategies; the wrapped form wOETH is an ERC-4626 vault deployed on Ethereum, Base, and Arbitrum. Contract upgrades are governed by OGN token holders through on-chain proposals subject to a 48-hour timelock, with a 5-of-8 admin multisig and a 2-of-9 strategist multisig retaining operational roles.

Risk analysis

One card per dimension, sorted by severity. Only Verifiability and Autonomy carry automated signals in Phase 0. See methodology for scope.

Audit a dimension yourself · DEFI@home Contribute an LLM-run assessment — any model, any dimension. Three agreeing runs merge automatically into the public record.

DEFI@home is a distributed audit network modeled on SETI@home: instead of CPU cycles, it crowdsources LLM reasoning. Paste a slice prompt into Claude, ChatGPT, Gemini, or any browsing-capable model, and submit the JSON output as a pull request. The quorum bot merges it once ≥3 independent runs (from different models) reach the same grade — no single model, and no single contributor, can move the needle alone. How it works →

  • Address discovery 42 addresses on file · 1 run Submit run ↗
  • Verifiability Unverified Submit run ↗
  • Control Unverified Submit run ↗
  • Ability to exit Unverified Submit run ↗
  • Autonomy Unverified Submit run ↗
  • Open Access Unverified Submit run ↗
  • Audit all 5 dimensions · one prompt Submit run ↗
  1. Verifiability tentative
    Open source + 13 audits

    Protocol publishes a GitHub repository and has at least one audit on record. This is a coarse Phase-0 signal only: auditor reputation, scope, and post-audit review coverage are not yet weighted.

    Run your own prompt Submit run ↗
  2. Autonomy tentative
    Validator set reduces autonomy

    Liquid staking and restaking protocols hand solvency to an external validator set with slashing dynamics they do not control. At Phase 0 this is a category-level heuristic; a real Autonomy assessment (oracles, fallbacks, governance-mutable dependencies) arrives with onchain review.

    Run your own prompt Submit run ↗
3 dimensions not yet assessed (Control, Ability to exit, Open Access)
  1. Control unknown Unverified
    Not yet assessed

    Who holds admin privileges, how contracts can be upgraded, and how quickly. No automated heuristic grades this at Phase 0; a real assessment arrives when onchain discovery reads roles, owners, and timelocks.

    No model has graded this dimension yet. Run the slice prompt through any LLM and submit the JSON — once ≥3 independent runs agree, the quorum bot merges the verdict here.

    Submit run ↗
  2. Ability to exit unknown Unverified
    Not yet assessed

    Whether users can exit on their own terms if the team disappears or acts adversarially. Requires per-protocol review; not available at Phase 0.

    No model has graded this dimension yet. Run the slice prompt through any LLM and submit the JSON — once ≥3 independent runs agree, the quorum bot merges the verdict here.

    Submit run ↗
  3. Open Access unknown Unverified
    Not yet assessed

    Whether the protocol depends on privileged operators, whitelists, geo-restrictions, or off-chain infrastructure. This is not a signal DeFiLlama carries in a usable form; crawler-based detection lands in a later phase.

    No model has graded this dimension yet. Run the slice prompt through any LLM and submit the JSON — once ≥3 independent runs agree, the quorum bot merges the verdict here.

    Submit run ↗

Stage

Preview of the Phase-3 maturity framework. DeFiPunk'd will adopt DeFiScan v2's stages verbatim; the section is rendered below in its intended shape so the structure is visible today.

Origin Ether has not yet been assessed under the DeFiScan v2 stage framework.
The walkaway test is the central criterion. Once stages land, protocols reach Stage 1 only if users can exit in the presence of malicious operators even when the emergency council disappears.
Scope of assessment
Stages are assessed per-protocol against DeFiScan v2's criteria: governance structure, upgradeability path, timelock durations, emergency-council scope, and the walkaway test. The analysis depends on onchain discovery (roles, owners, timelocks) and deeper review of deployed contracts — neither of which DeFiPunk'd automates at Phase 0.
Stage 0 requirements pending
Governance is largely off-chain, contracts are upgradeable with short or no timelock, and the protocol depends on a multisig or team with full discretion. At Phase 0 DeFiPunk'd does not automatically evaluate these; the assessment lands with crawler-based onchain discovery.
Stage 1 requirements pending
Users can exit or opt out on their own terms even if the team disappears. Upgrades run through a meaningful timelock with an emergency security council clearly scoped. The walkaway test is the headline criterion.
Stage 2 requirements pending
Protocol is fully permissionless and immutable, or upgrades require a supermajority of token holders with a long timelock and no emergency override. This is the terminal stage of the DeFiScan v2 framework.
Learn more about DeFiScan v2 stages →
Stages are an opinionated assessment of maturity, not a rating of security or safety. A protocol can sit at Stage 2 and still carry substantial technical or economic risk; the framework exists to incentivize decentralization, not to rank protocols.

Contract surface

Every contract in scope for this protocol — pooled from DeFiLlama's TVL adapter (mechanical) and DEFI@home discovery submissions (LLM-curated). Verified-source flags come from Etherscan + Sourcify; owner / multisig metadata is read on-chain when available. Reviewer audit context, not a slice score. A lending protocol's adapter set will list third-party collateral tokens alongside its own contracts; attribution is the grader's job.

  • 55addresses
  • 11verified source
  • 7proxies

TVL adapter pinned at 683d369. Sourcecode fetched 2026-05-06. Control fetched 2026-10-01.

Arbitrumoracle (OETH/wOETH Exchange Rate Chainlink Oracle)0x03a1…cc45discovery———oracle
Arbitrumtoken (wOETH ERC-20 bridged)0xd872…f839discovery———token
baseCurveXChainLiquidityGauge0x9da8…edd8TVL✓———
baseCurveStableSwapNG0x302a…f378TVL✓———
baseBridgedWOETHStrategyProxy0x80c8…f835TVL✓proxy——
baseOETHBaseCurveAMOProxy0x9cfc…5829TVL✓proxy——
basetvl0xc8c8…b76aTVL✗———
baseAerodromeAMOStrategyProxy0xf611…d2afTVL✓proxy——
baseOETHBaseVaultProxy0x98a0…cc93TVL✓proxy—vault
baseWETH90x4200…0006TVL✓———
Baseoracle (OETH/wOETH Exchange Rate Chainlink Oracle)0xe96e…e1b9discovery———oracle
Basetoken (wOETH ERC-20 bridged)0xd872…f839discovery———token
ethereumConvexEthMetaStrategyProxy0x1827…7e63TVL + disc✓proxy—vault
ethereumtvl0x302a…f378TVL✗———
ethereumOETHCurveAMOProxy0xba0e…3fe6TVL + disc✓proxy—vault
ethereumtvl0xc8c8…b76aTVL✗———
ethereumOETHVaultProxy0x3925…d7abTVL + disc✓proxy—vault
ethereumWETH90xc02a…6cc2TVL✓———
Ethereummultisig (2-of-9 strategist multisig)0xf14b…8fdcdiscovery———multisig
Ethereummultisig (5-of-8 admin multisig)0xbe2a…d899discovery———multisig
Ethereumoracle (CRV/ETH Chainlink Oracle — deprecated)0x8a12…121ediscovery———oracle
Ethereumoracle (CVX/ETH Chainlink Oracle — deprecated)0xc9cb…61c6discovery———oracle
Ethereumoracle (OETH/ETH Chainlink Price Feed)0x7031…f563discovery———oracle
Ethereumoracle (Oracle Router — deprecated)0x468a…aeecdiscovery———oracle
Ethereumother (Aura rETH+WETH Strategy — deprecated)0x4910…dfdcdiscovery———vault
Ethereumother (BeaconProofs — EIP-4788 Merkle proof verifier)0xc444…af22discovery————
Ethereumother (Buyback — deprecated)0xfd6c…62d2discovery————
Ethereumother (Compounding Staking Strategy View)0xb799…7145discovery———vault
Ethereumother (Compounding Staking Strategy)0x25e1…75f4discovery———vault
Ethereumother (CoW Harvester — deprecated)0xed56…0862discovery————
Ethereumother (Dripper — deprecated)0xc0f4…7eb3discovery————
Ethereumother (First Native Staking Fee Accumulator — deprecated)0x7ed4…d627discovery————
Ethereumother (First Native Staking Strategy — deprecated)0x34ed…0238discovery———vault
Ethereumother (FixedRateDripper — deprecated)0xe3b3…c501discovery————
Ethereumother (frxETH Redemption Strategy — deprecated)0x95a8…0a9ediscovery———vault
Ethereumother (frxETH Staking Strategy — deprecated)0x3ff8…d0e5discovery———vault
Ethereumother (Harvester — deprecated)0x0d01…785cdiscovery————
Ethereumother (Harvester Simple — deprecated)0x6d41…ed04discovery————
Ethereumother (Lido Withdrawal Strategy — deprecated)0xd9b4…7af1discovery———vault
Ethereumother (Morpho Aave V2 WETH Strategy — deprecated)0xc1fc…6319discovery———vault
Ethereumother (Second Native Staking Fee Accumulator — deprecated)0xfee3…1ddfdiscovery————
Ethereumother (Second Native Staking Strategy — deprecated)0x4685…2076discovery———vault
Ethereumother (SSV Compounding Staking Strategy — deprecated)0xaf04…a87ddiscovery———vault
Ethereumother (SSV Compounding Staking Strategy View — deprecated)0xedf4…9c88discovery———vault
Ethereumother (Supernova OETH+WETH AMO — deprecated)0xf9e0…5967discovery————
Ethereumother (Third Native Staking Fee Accumulator — deprecated)0x4967…4d48discovery————
Ethereumother (Third Native Staking Strategy — deprecated)0xe985…fd63discovery———vault
Ethereumother (wOETH LayerZero Adapter — deprecated)0x7d1b…72b8discovery————
Ethereumother (Zapper — ETH-to-OETH convenience contract)0xda04…a07bdiscovery————
Ethereumtimelock (Governor/Timelock — deprecated per registry)0x7242…6ec7discovery———timelock
Ethereumtoken (OETH ERC-20 proxy)0x856c…8dc3discovery———token
Ethereumtoken (wOETH ERC-4626 wrapper proxy)0xdcee…8192discovery———token
Optimismoracle (OETH/wOETH Exchange Rate Chainlink Oracle — deprecated per registry)0x7084…07d3discovery———oracle
plume_mainnetvault0xc8c8…b76aTVL———vault
plume_mainnetWETH0xca59…14beTVL————

Protocol Info

Links

[defillama] Source: DeFiLlama [:] Source: DEFI@home quorum
Twitter
@OriginProtocol

Security

[defillama] Source: DeFiLlama [:] Source: DEFI@home quorum
Audits
5 audits
Security contact
unknown

Technical

[:] Source: DEFI@home quorum
Upgradeability
Upgradeable

Provenance

[defillama] Source: DeFiLlama
Review status
listed
Updated
2026-09-28 12:50 UTC