Origin Protocol is one of the longest-standing DeFi initiatives on Ethereum, offering a multichain feature set that opens up a wide range of opportunities for generating yield across the ecosystem. Products from Origin are designed to be open-access and easily integrated, allowing for rich collaboration with innovative financial structures. Origin's offerings focus on rewarding OGN stakers, ensuring a sustainable, user-centric experience.
The main features of Origin include:
Capital efficiency: Origin's liquid staking solutions, like Origin Ether and Origin Dollar, let users earn yield while keeping complete control over their capital. The protocol's distinct Automated Redemption Manager (ARM) acts as a central liquidity hub for liquid staking token redemptions.
Vast composability: OETH presents a strong peg and interoperability, making it a perfect foundation for new DeFi strategies.
Broad access: Origin's extensive partnerships with platforms such as EigenLayer and Pendle Finance cater to both expert users and newcomers. The protocol is centered around easy usability, providing one of the most seamless user experiences in the industry.
Key elements of Origin Protocol include:
Origin Ether (OETH): As a leading liquid staking token, OETH uses proven mechanisms to maintain a strong peg and high composability for its users. Users can create OETH by depositing ETH, which is staked to the Beacon Chain. Staking rewards are then distributed back to users. OETH is widely integrated across DeFi on Ethereum and top Layer-2 networks.
Origin Dollar (OUSD): This yield-bearing stablecoin is fully backed by reserves of USDT, USDC, and DAI. Users can deposit these stablecoins to mint OUSD, which then generates yield. OUSD's rebasing model automatically distributes rewards directly to holders' wallets, eliminating the need for lockups or manual claim processes.
Automated Redemption Manager (ARM): The ARM is an innovative platform that enhances liquidity for redeemable assets, such as LSTs and LRTs. It allows users to execute quick redemptions for smooth swaps between leading LSTs and ETH with no slippage.
Key highlights include:
Versatile Utility: Origin's suite of products is deeply woven into the DeFi landscape, enabling users to leverage innovative tools and opportunities. For example, Origin Ether is integrated with platforms like Pendle and EigenLayer. Users can also utilize wOETH on major L2 networks to explore more platforms and yield-generating opportunities.
Transparent, top-tier security: Both OUSD and OETH are based on battle-tested, open-source codebases. Origin's products undergo rigorous audits by renowned firms, such as OpenZeppelin. These yield-generating products offer returns without compromising security and provide detailed analytics dashboards for users to track treasury movements and allocations.
Protocol Governance: Users can stake OGN for up to a year in exchange for xOGN, a non-transferable token. xOGN accrues yield from a portion of protocol fees generated by Origin's products. Holders of xOGN can propose changes, vote on submissions, and make decisions on treasury allocations. This creates a balanced governance system that aligns with decentralization principles.
World-class team and investors: The project is spearheaded by successful entrepreneurs Matthew Liu and Josh Fraser, along with experienced team members from major tech companies like PayPal, YouTube, Google, and Dropbox. Origin is backed by prominent investors, including Pantera Capital and Foundation Capital, and notable figures like Steve Chen, founder of YouTube, and Alexis Ohanian, co-founder of Reddit.
Who Are the Founders of Origin Protocol?
Origin Protocol was established by Matthew Liu and Josh Fraser, entrepreneurs with a track record of success, supported by a team of innovators from major tech giants like YouTube, Google, and Dropbox.
What Are OGN use cases?
OGN serves as the governance and value-accruing token within Origin's expansive yield ecosystem. Users have the option to stake OGN in exchange for xOGN, which provides voting and economic influence across the range of Origin's products.
Staking model: OGN can be locked for durations ranging from 1 month to 1 year. The amount of xOGN received depends on how much OGN is staked and for how long. Holders of xOGN enjoy economic benefits and voting rights during the staking period.
Rewards: Origin collects a performance fee from its yield-generating products, with half distributed as additional rewards to OGN stakers. The other half is used to purchase flywheel tokens, enhancing yield from the underlying protocols.
Governance: OGN stakers form the Origin DAO, which votes on proposals and treasury allocations. Origin supports fully on-chain governance to foster a sustainable and inclusive framework.
What Makes Origin Protocol Unique?
Origin Protocol stands out by creating economic opportunities through permissionless multichain protocols, leading the way in liquid staking and yield generation.
Its wide-ranging product suite allows users to effortlessly compound on-chain returns. With deeply integrated yield-generating products like OETH and OUSD, the protocol seamlessly interacts across DeFi. The Automated Redemption Manager (ARM) is a pioneering tool providing substantial liquidity for quick swaps on redeemable assets with minimal slippage.
The Origin Token (OGN) functions as the value-accrual and governance token for Origin's product lineup. Users can stake OGN for xOGN and earn a portion of the protocol revenue generated by all of Origin's offerings.
Where Can You Buy Origin Protocol (OGN)?
You can purchase OGN on exchanges like Binance, Hotcoin Global, Bitget, Mandala Exchange, and BingX.
