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Origin Token (OGN) is Origin Protocol’s governance and value accrual token. OGN has a long history in DeFi, accruing protocol revenue from yield earned on Origin Ether (OETH) and Origin Dollar (OUSD).
Users who stake OGN for xOGN are entitled to staking rewards derived from Origin’s products. Currently, OGN stakers earn rewards from the adoption of OETH and OUSD.
Both OUSD and OETH feature a 20% performance fee on yield earned, which is directed to OGN stakers. Half of this fee is used to buyback OGN to add the the staking rewards pool, while the remaining half is used to accumulate DAO-owned flywheel tokens (currently CVX).
Flywheel tokens are used to incentivize liquidity pools for Origin Ether, further boosting yield earned by OETH holders. Across OUSD and OETH, the OGN DAO has accumulated over 215,000 CVX, and further incentives are sent to liquidity pools via bribes.
Assuming constant yield, protocol revenue increases proportionally to TVL added to the protocol. As adoption of OETH and OUSD increases, so does the value directed to OGN stakers.
Origin Token holders can stake their OGN to receive governance rights over Origin Protocol in the form of xOGN. Stakers can chose to lock their tokens for one month to one year, and those who stake for longer periods of time receive heightened governance rights.
OGN stakers vote on key proposals that shape the future of Origin Protocol. Those who hold xOGN vote on important decisions such as value accrual mechanisms, yield strategies, and design upgrades for Origin’s products. Governance is integrated on the Origin Dapp, making it easy for stakers to weigh into governance proposals.
Origin Protocol was founded in 2017 to promote open, peer-to-peer commerce on Ethereum. The team began its journey developing marketplace technology, which gained popularity with the rise of the non-fungible token market. Alongside these developments, Origin invented the yield-bearing stablecoin with Origin Dollar (OUSD) in 2020. OUSD quickly gained traction among DeFi users looking to earn passive yield on their stablecoins.
Origin Protocol launched its flagship LST, Origin Ether (OETH), in 2023. Origin Ether quickly grew to $100M+ TVL by offering a unique design that earns enhanced yield through its liquid staking and DeFi strategies. Origin Ether is currently available on Ethereum and Arbitrum, with support on top protocols such as EigenLayer, Pendle, Silo, Morpho, and beyond.
Origin Protocol was founded by entrepreneurs Josh Fraser and Matthew Liu. The team is fully distributed, with roots on both the west and east coasts. Josh Fraser began his journey in crypto by mining Bitcoin on his laptop in 2011, while Matthew Liu has been involved in Ethereum’s ecosystem since its crowd sale in 2014.
The Origin team hails from big tech companies and web3 startups alike. Origin Protocol’s engineering team has deep experience with solidity development, security audits, and smart contract architecture. Team members at Origin Protocol have previously held leadership positions at Google, PayPal, Spotify, YouTube, Swell, Prisma, and beyond.
What is the Total Supply of OGN?
The total supply of Origin Token (OGN) is 1,409,664,846. Of the 1.4 billion total supply, 607 million OGN is currently circulating.
Who Founded Origin Protocol?
Matthew Liu and Josh Fraser founded Origin Protocol in 2017. Matthew Liu was among the first employees at YouTube and has been involved in Ethereum’s ecosystem since its crowd sale in 2014. Josh Fraser is a serial entrepreneur, exiting his last company to Walmart Labs, and has been involved in crypto since 2011.
Where Can You Buy OGN?
Origin Token (OGN) is listed across top exchanges including Binance, Coinbase, Kraken, Upbit, and Gate.io. You can also acquire OGN on decentralized exchanges such as Uniswap and 1inch.
What Wallets Support OGN?
OGN is an ERC-20 token, so most Ethereum wallets will support Origin Tokens. Ellipal, Ledger, and Trezor are some top hardware wallets that support OGN.
What Is the Contract Address for OGN?
The Origin Token (OGN) contract address is attached to the originprotocol.eth ENS, and its full contract address is 0x8207c1FfC5B6804F6024322CcF34F29c3541Ae26.
How Can You Stake OGN?
You can stake OGN for xOGN on Origin’s dapp. Staking OGN allows you to earn protocol revenue from Origin’s product suite in the form of OGN rewards.
Origin Token (OGN) is listed across top exchanges including Binance, Coinbase, Kraken, Upbit, and Gate.io. You can also acquire OGN on decentralized exchanges such as Uniswap and 1inch.
