Ozean, the blockchain for RWA yield being launched by Clearpool, has announced the integration of Lido’s wstETH onto Oxygen, the innovative RWA liquidity layer on Ozean.
Lido is the leading liquid staking protocol, with an impressive Total Value Locked (TVL) of $35 billion. Lido boasts a robust network of over 200 global Node Operators, ensuring decentralization and security across its supported blockchains. Lido’s wstETH (Wrapped stETH) is a tokenized version of Lido’s stETH (staked ETH) that offers additional utility and flexibility in the DeFi ecosystem.
“Integrating wstETH into Ozean’s O2 liquidity layer is another step towards enhancing the utility and userbase of Lido’s products via Ozean’s growing ecosystem. We look forward to continuing to collaborate with Ozean to unlock new possibilities for users to maximize their rewards while maintaining the security and transparency that Lido is known for,” said Kenneth Tan, DeFi Protocol Relations Contributor of Lido.
Oxygen (O2) — The Innovative RWA Liquidity Layer on Ozean
O2 is a sophisticated liquidity mechanism designed to supply the necessary liquidity to fuel the expansion of the Ozean ecosystem. It combines RWAs, tokenized treasuries, liquid crypto assets, and yield-bearing tokens into a unified basket. wstETH is one of the assets introduced to O2, alongside Ethena’s USDe and sUSDe, Agora’s AUSD, and Mountain Protocol’s USDM. Together, these assets support key functionalities like swaps, lending, and collateralization, forming a robust liquidity pool that underpins the Ozean ecosystem.
O2 not only provides liquidity but also generates yield from assets like lending protocol tokens and tokenized treasuries. This yield is reinvested, enhancing liquidity and providing additional earning opportunities for contributors.
“Ozean is committed to partnering with the most innovative DeFi protocols to bridge them with the RWA ecosystem. Lido’s proven track record and expanding reach make it a vital addition to the Ozean network. We look forward to the progress this collaboration will bring.” said Jakob Kronbichler, CEO & Co-founder of Clearpool.
Ozean revolutionizes DeFi by seamlessly integrating RWAs in a compliant and user-friendly manner, enabling users to earn native yield on-chain automatically. Ozean is a permissionless Ethereum Layer 2 featuring an optional compliance layer designed to foster interoperability among permissioned protocols. Ozean enables the creation of a robust ecosystem where RWAs can be traded or used as collateral with enhanced functionalities.
One of O2’s key features is its dynamic rebalancing mechanism, which incentivizes pool assets to remain within soft target allocations. As the weightage of O2 takes shape, visit the first Ozean Improvement Proposal (OIP 001), which proposes the ideal asset weighting for the initial launch of O2.
