Origin Token (OGN)

Shaping the Future of Yield

• Origin Protocol is creating economic opportunities for everyone with permissionless multichain protocols at the forefront of liquid staking and yield generation.

• Origin’s diverse product suite empowers users to seamlessly compound on-chain returns. The protocol’s innovative yield generating products, OETH and OUSD, carry deep integrations across DeFi. The protocol’s sector-defining Automated Redemption Manager (ARM) offers deep liquidity for seamless swaps on redeemable assets with near zero slippage.

• Origin Token (OGN) is the value-accrual and governance token for Origin’s product suite. Users can stake OGN for xOGN and earn a share of protocol revenue generated from all of Origin’s products.

1. What is Origin Protocol?

Origin Protocol is one of Ethereum’s longest-standing DeFi projects, featuring a multichain feature set that unlocks vast opportunities for yield generation across the space. Origin’s products are built to be permissionless and composable, allowing for deep integration with novel primitives. All of Origin’s products streamline rewards to OGN stakers, cultivating a sustainable, user-first offering.

At its core proposition, Origin features:

• Capital efficiency: Origin’s liquid staking products, Origin Ether and Origin Dollar, empower users to earn yield while retaining full capital control. The protocol’s unique Automated Redemption Manager (ARM) serves as a key liquidity hub for LST redemptions.

• Vast composability: OETH’s robust peg and interoperability makes it an ideal building block for innovative DeFi strategies. 

• Broad access: Origin’s diverse integrations with partners such as EigenLayer and Pendle Finance, cater to power users and new entrants alike. Origin is built on core principles of seamless usability, cultivating one of the smoothest user experiences in the space.

Some of Origin Protocol’s key elements include:

• Origin Ether (OETH): OETH is a leading liquid staking token that harnesses battle-tested mechanics to maintain a strong peg and vast composability for users. Users can mint OETH by depositing reserves of ETH. This ETH is staked to the Beacon Chain, with staking rewards distributed to users. OETH boasts broad DeFi integrations on ETH and leading Layer-2 networks.

• Origin Dollar (OUSD): OUSD is a yield bearing stablecoin fully collateralized by reserves of USDT, USDC, and DAI. Users can deposit these stablecoins to mint OUSD, which generates yield. OUSD’s rebasing model automatically distributes rewards to holders’ wallets, removing the need for lockups and claiming rewards.

• Automated Redemption Manager (ARM): The ARM is a groundbreaking platform that bolsters liquidity for redeemable assets, such as LSTs and LRTs. Users can take advantage of rapid redemptions for seamless swaps between leading LSTs and ETH with zero slippage.

Some of its key highlights include:

• Versatile Utility: Origin’s product suite is deeply integrated across DeFi, allowing users to harness innovative instruments and opportunities. Origin Ether, for instance, is deeply integrated with the likes of Pendle and EigenLayer. Users can also take advantage of wOETH on leading L2 networks to explore more platforms and yield generating positions.

• Transparent, best-in-class security: Both OUSD and OETH boast battle-tested, open-source codebases. Origin’s products have been rigorously audited by leading firms, including OpenZeppelin. Origin’s yield-generating products deliver yields without compromising on security, and feature rich analytics dashboards for users to monitor treasury flows and allocations.

• Protocol Governance: Users can stake OGN for up to a year in exchange for non-transferable xOGN. xOGN accrues yield from a share of protocol fees earned by Origin’s products. xOGN holders can submit proposals, vote on active submissions, and vote on treasury allocations. This symbiotic structure creates a sustainable, rewarding governance system that upholds the core principles of decentralization.

• World class team and investors: The project is led by serial entrepreneurs Matthew Liu and Josh Fraser, and seasoned team members from leading tech firms including PayPal, YouTube, Google, DropBox, etc. Origin has received backing from top investors such as Pantera Capital and Foundation Capital, as well as from individuals like Steve Chen, the founder of YouTube, and Alexis Ohanian, co-founder of Reddit.

2. OGN Token Overview and use-cases

OGN is the governance and value-accrual token for Origin’s sprawling yield ecosystem. Users can stake OGN for xOGN, which carries voting and economic power across Origin’s product suite.

• Staking model: OGN can be locked on a time horizon of 1 month – 1 year. Users who stake OGN receive xOGN relative to the amount staked and the duration of the lock-up period. xOGN grants holders economic and voting rights during the staking period.

• Rewards: Origin takes a performance fee from its yield generating products. Half of this fee is distributed to OGN stakers in the form of extra rewards, while the remaining 50% funds the purchase of flywheel tokens to boost yield generated by the underlying protocols.

• Governance: OGN stakers comprise the Origin DAO, which votes on proposals and treasury allocations. Origin promotes fully on-chain governance to cultivate a sustainable, inclusive structure.

3. Roadmap, Updates, and Business Development

3.1. Product Focus

Origin is focused on building powerful financial primitives that serve Ethereum and EVM compatible networks. The protocol is cultivating a breakthrough multichain DeFi product suite with exciting new offerings at the forefront of yield generation.

LST Yield Derivatives

Origin has partnered with Chainlink CCIP to bring OETH to Layer-2 networks. Deploying wOETH to new chains empowers users to unlock even more value and yield opportunities across leading L2s. These derivatives feature deep liquidity and incentivization, targeting far higher APYs than those generated by simply holding LSTs. This expansion is well underway, with OETH now live on Arbitrum. The protocol has set its sights on leading chains including Base and Optimism for further growth.

Automated Redemption Manager (ARM)

The ARM acts as a hub for rapid, seamless LST redemptions across DeFi. The platform’s deep liquidity supports tight pegs for leading LSTs, allowing users to swap between redeemable assets and ETH with virtually no slippage.

Generalized LSTs for EVM Chains

Origin is exploring the development of native LSTs for other EVM-compatible networks using OETH’s staking model. This expansion would see Origin powering the de-facto LSTs on a host of novel networks, creating a unique opportunity for significant scaling.

3.2. Commercial Partnerships and Business Development progress

• Chainlink CCIP: Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is the gold standard for multichain expansion. OETH harnesses CCIP to deploy on novel blockchains seamlessly and securely.

• EigenLayer: OETH is one of the first LSTs supported by restaking pioneer, EigenLayer. Holders can restake OETH to compound returns and participate in extending Ethereum’s network security.

• Curve: As DeFi’s largest AMM, Curve offers unparalleled liquidity for seamless swaps and liquidity mining. The OETH AMO controller harnesses Curve to strengthen OETH’s peg and generate increased yield from liquidity provision and token rewards.

• Pendle: Pendle’s unique mechanics have popularized tokenized yield in DeFi. OETH holders can use Pendle to take leveraged positions on its yield performance or lock in a fixed yield.

• Poolside: PoolSide’s novel AMM focuses on deep liquidity for yield-generating tokens. This integration brings greater liquidity to Arbitrum through the launch of a dedicated wOETH pool on the protocol.

• Silo: Users can take advantage of Silo’s seamless lending platform to borrow wOETH on Arbitrum using USDC or ETH.

4. Origin Platform Architecture

Origin’s products can be accessed via a unified Dapp that houses OGN, OUSD, and OETH. The platform has been built with an emphasis on usability and security, empowering users to access all of Origin’s products from a single, cohesive interface.

https://originprotocol.eth.limo 

 

5. Project Team

Founded by Matthew Liu and Josh Fraser, Origin’s team of relentless innovators is led by serial entrepreneurs and diverse talent that previously contributed to the likes of YouTube, Google, and Dropbox.

6. Social Channels and Regional Communities

6.1. Global Community and social channels:

• Twitter: https://twitter.com/OriginProtocol

• Telegram: https://t.me/originprotocol

• Discord:https://discord.gg/YD5hNNc5

6.2. Regional Communities:

Spain/Latam:

• Twitter: https://twitter.com/OGNSpanishCom

• Telegram: https://t.me/OriginProtocolSpanish

• Blog: https://www.originprotocol.com/es/blog

Turkey:

• Twitter: https://twitter.com/OriginTurkiye

• Telegram: https://t.me/OriginTurkish

• Blog: https://www.originprotocol.com/tr/blog

MENA:

• Twitter: https://twitter.com/OriginMENA

• Telegram: https://t.me/originprotocolmena

• Blog: https://www.originprotocol.com/ar/blog

Korea:

• Twitter: https://twitter.com/Origin_Korea

• Telegram: https://t.me/OriginProtocolKorea

• Blog: https://www.originprotocol.com/ko/blog

Vietnam:

• Twitter: https://twitter.com/VietnamOrigin

• Telegram: https://t.me/originprotocolvietnam

• Blog: https://www.originprotocol.com/vi/blog

China:

• Twitter: https://twitter.com/Origin_Chinese

• Telegram: https://t.me/OriginChinese

• Blog: https://www.originprotocol.com/ar/blog

7. Appendix

• https://www.originprotocol.com

• https://originprotocol.eth.limo

• https://www.oeth.com

• https://www.ousd.com

• https://www.primestaked.com