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March 2025 Token Holder Update

April 1, 2025
March Token Holder Update

Overview

Welcome to Origin’s March Token Holder Update! This month, we’re highlighting the launch of OGN on Sonic, new integrations across Pendle and Silo, and continued growth in Yield Forwarding adoption. With new incentives, more swap routes, and Gems rewards coming soon, Origin continues to gain momentum as a key player in the multi-chain ecosystem.

As always, we’ll cover the latest on product yields, TVL, and protocol updates. Let’s get into it:

Origin Token (OGN)

Origin Token (OGN) is now live on Sonic!

Last month, we bridged OGN to Sonic and seeded liquidity on the SwapX OGN/OS liquidity pool. OGN is now natively accessible on Sonic, allowing OS holders and the broader Sonic ecosystem to acquire OGN without needing to initiate cross-chain transactions.

Additionally, we launched the TriOGN pool on Curve. The pool pairs OGN with OETH and OUSD, bringing new liquidity to OGN. The pool supports Yield Forwarding from both OETH and OUSD, routing yield earned on both of these tokens to additional pool incentives for liquidity providers.

Origin Dollar (OUSD) Development

Last month, Origin Dollar upgraded to support Sky USD (USDS), the rebranded version of DAI. USDS is now earning yield through Sky, adding to the yield OUSD holders receive by passively holding OUSD in their wallets.

In addition to adding USDS as collateral, we’ve began work to support additional AMOs for Origin Dollar. These AMOs will support OUSD liquidity, farm rewards more efficiently, and support a tighter OUSD-USD peg.

Yield Forwarding Adoption

Yield Forwarding has expanded how Origin’s yield-bearing assets can be used in DeFi. In March, several protocols integrated Yield Forwarding to leverage Origin’s yield tokens for higher capital efficiency on AMMs:

  • Pendle’s PENDLE/OS pool on SwapX
  • SwapX’s GEMSx/OS pool on SwapX
  • Glo Dollar’s USDGLO/superOETHb pool on Curve
  • Petroleum’s OIL/OS pool on SwapX
  • Origin’s OGN/OS pool on SwapX

Origin Sonic (OS) Updates

Last month, Origin received its Gems allocation from Sonic Labs. Gems are additional rewards that Origin will distribute to users of Origin Sonic, boosting their rewards potential for the S airdrop. Stay tuned for future announcements regarding how OS users can earn Origin’s Gems by using OS.

With additional OS swap routes added to the Origin Dapp, it’s now easier than ever to acquire OS. The Origin Dapp now supports Magpie’s DEX aggregator and the OS/S SwapX pool, optimizing swaps between liquidity pools and direct mints to give you the best rate.

New Integrations

Several protocols added support for Origin’s tokens in March, expanding the ways you can use our tokens in DeFi. Here are some of the top integrations from March:

  • A new Wrapped OS market is live on Pendle. Users can long yield or lock in fixed APYs on Origin Sonic through Pendle’s wOS yield market.
  • Silo Finance added a new market for Pendle PT-wOS. This allows users to lock in fixed APY on Origin Sonic and leverage it through Silo’s money market.
  • Ionic launched their gauge system, boosting APYs on the Super OETH market. ION emissions are now routed to the Super OETH market, bringing supply APYs up to 111%.
  • Incentives are now streaming on Shadow’s OS/S pool. Liquidity providers maintain 100% exposure to S while earning up to 134% on their position.
  • OpenOcean, a DEX aggregator on ETH Mainnet, integrated Origin’s OETH ARM. OETH to ETH trades on OpenOcean are now routed through the ARM to give traders better rates on their swaps.

Product Metrics: Yield and TVL

Every month, we give updates on how Origin’s yield-bearing products have performed. Here’s the latest on yield and TVL for our multi-chain product suite:

  • Origin Ether (OETH) earned a 30-day trailing APY of 3.7% at $80.3M in TVL.
  • Super OETH earned a 30-day trailing APY of 5.9% at $40M in TVL.
  • Origin Sonic (OS) earned a 30-day trailing APY of 6.1% at $27M in TVL.
  • Origin’s ARM earned a 30-day trailing APY of 4.1% at $11.6M in TVL.
  • Origin Dollar (OUSD) earned a 30-day trailing APY of 4.5% at $7.4M in TVL.

In Case You Missed It

That wraps up the March update! As our products expand across chains, the OGN DAO continues to unlock new value streams, increasing its exposure to high-growth ecosystems.

If you want to catch up on recent developments, check out these links:

As always, we invite you to join our Discord to meet the team and stay on top of what’s next.

Ryan McNamara
Ryan McNamara
Origin
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