We are excited to announce our integration with Origin Protocol, one of the most well-known liquid staking protocols on Ethereum and Sonic.
$OS is a liquid-staked token that users receive when they stake $S on Origin Protocol. $OS allows holders to earn validator booster rewards (18.2% 14-day trailing APY) and 8x points. Stable Jack will use the wrapped version of $OS, called $wOS as collateral.
As we expand into the Sonic ecosystem, we will introduce yield and points trading for $wOS and we will offer two unique products:
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YT-wOS: It enables investors to farm leveraged wOS yield while maintaining long $wOS exposure. In exchange, YT-wOS holders forgo their points exposure.
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PT-wOS: It enables investors to farm Sonic points, and Stable Jack Discount Tickets with leverage while maintaining long wOS exposure. In exchange, PT-wOS holders pay a certain fee to YT-wOS holders.
Through this integration, investors can opt for leveraged exposure to real yield or points!
Stable Jack v2 will unlock new utilities for collateral assets. With protocols like Origin, we are thrilled to bring innovation and excitement to the Sonic ecosystem!