OETH is a fully collateralized, ETH liquid staking derivative (LSD) that is backed 1:1 by ETH and LSDs including stETH, rETH and sfrxETH. It passively earns yield through rebases as the underlying collateral earns yield from staking rewards and market making fees.
OETH is a low-cap, fully collateralized asset. This asset is exposed to the underlying risks of Origin Ether, Frax Ether, Lido, and Rocket Pool, which are protocols rated as Watch out, Watch out, Average, and Average, respectively.
OETH has an uncapped supply but has inflation control or burn mechanisms in place.