Fully decentralized governance
OETH and OUSD consist of a set of automated smart contracts on the Ethereum blockchain. This code, protected by a 48-hour timelock, is owned and controlled by a global community of OGN token holders who operate a decentralized autonomous organization, known as the Origin DAO.
Registered Voters
171
Open-source contributors
273
Improvement Proposals
110
The governance process
While there is no requirement to discuss improvements prior to submitting a proposal, this is where the community discusses and debates ideas.
Governance forum
All off-chain voting occurs on the Origin Protocol Snapshot space. This allows for signaling votes and temperature checks to be conducted without participants needing to spend gas. Other proposals belong on Snapshot because they don’t require on-chain execution.
Participation requirements
- 5,000 xOGN to create a Snapshot proposal
- No minimum to vote on existing proposals
- 5 million xOGN quorum requirement
All configuration changes and improvements to the protocol's smart contracts must be executed on-chain. All on-chain proposals are reviewed for security risks. A 48-hour timelock provides additional security, preventing changes from taking effect immediately after an on-chain vote is passed.
Participation requirements
- 100,000 xOGN to create an on-chain proposal
- No minimum to vote on existing proposals
- 20% of xOGN supply quorum requirement
Step-by-step guide for voting and creating proposals
OGN can be purchased from many of the top AMMs or exchanges:
AMMs
Exchanges
Unsure how much OGN you need to create proposals?
Use the calculator below to see how much staked OGN is needed for creating both on and off chain proposals, dependent on the time staked.
OGN to xOGN calculator
Select your staking period to see how much OGN is needed for Snapshot and on-chain proposals*
Length of stake
12 months
1 month
6 months
12 months
Snapshot proposal (5,000 xOGN)
3,571.68
OGN required
On-chain proposal (5,000,000 xOGN)
71,433.67
OGN required
*The exchange rate between OGN and xOGN is constantly changing. By the time you stake OGN, the amount of xOGN you receive will likely be higher than the minimum required. This calculator will give an amount that should be at least enough to participate in governance.
Get OGN
Originally released by Origin Protocol