Welcome back to the final Token Holder Update of 2024! In this edition, we’re keeping things short – you can read more in-depth updates linked at the end of this blog. From new integrations to product developments, we have a lot to share from the month of December. Let’s dive into these updates and more below.
OGN DAO Updates
The Net Asset Value of the OGN DAO increased in December, largely thanks to:
The DAO’s MORPHO holdings. The 770,000 MORPHO held by the OGN DAO appreciated by 103% in December, now valued at $2.1 million.
Other key assets in the OGN DAO’s net asset value including veAERO and Super OETH.
The OGN DAO swapped its ETH holdings, accrued from Super OETH fees, to superOETHb. Around 147 ETH was swapped for Super OETH, allowing the DAO to earn yield on its ETH assets while supporting our product growth on Base.
New Integrations
Origin’s ecosystem gained several new integrations in December, including:
Pendle launched a new OETH market, with a maturity date of December 2025
Super OETH also got its own Pendle market, with a maturity date of June 2025
Sablier integrated Super OETH for payments, vesting, payroll, and beyond
The wsuperOETHb market on Spectra Finance received new APW incentives
The msETH/wsuperOETHb market on Morpho received additional liquidity ($1.2M available)
Product Developments
Yield Forwarding
In December, Origin’s Yield Forwarding updated was audited by OpenZeppelin and Certora, two of the most highly respected auditing firms in the industry. The audit passed with zero medium, high, or critical severity issues, showcasing our team’s ability to deliver highly secure products. With the audit complete, we are ready to launch Yield Forwarding publicly as soon as January 2025.
We plan to rollout yield forwarding in early January with support first added to OUSD on Curve, then adding support for OETH and Super OETH in the following weeks.
Analytics
Earlier this month, we released new analytics dashboards that highlight Origin’s ARM, our rebasing tokens, and the OGN DAO. The overview tab shows assets controlled by the OGN DAO (NAV), protocol revenue, aggregate TVL, and tokenomics information.
Product Metrics: Yield and TVL
Origin Ether (OETH) experienced the strongest growth in December, adding over 12,000 ETH to its TVL. Here’s a high-level overview of how Origin’s products performed in December:
Super OETH (superOETHb) achieved an 8.2% trailing 30-day APY with 40,200 ETH in TVL
Origin Dollar (OUSD) achieved a 12.6% trailing 30-day APY with 1,950 ETH in TVL
Origin’s ARM achieved a 8.6% trailing 30-day APY with 2,888 ETH in TVL
Origin Ether (OETH) achieved a 2.75% trailing 30-day APY with 51,280 ETH in TVL
In Case You Missed It
That’s all for December’s Token Holder Update! We’ll see you in January for the first Token Holder Update of 2025, where we’ll share more developments on all of Origin’s products. In the meantime, here are some of our favorite pieces of content from December:
