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), Super OETH (superOETHb), the Automated Redemption Manager (ARM), and Origin Dollar (OUSD).
You can buy Origin Token (OGN) on popular exchanges like Coinbase. Below, we’ll take a closer look at what OGN Token is, how it works in terms of both staking and governance, and the history and team behind it. Let’s dive in.
Users who stake OGN for xOGN are entitled to staking rewards derived from Origin’s products. Currently, OGN stakers earn rewards from revenue generated by OETH, Super OETH, OUSD, and the ARM.
Origin’s products feature a 20% performance fee on yield earned. For OETH and OUSD fees, this revenue is distributed 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 OETH and OUSD, the OGN DAO has accumulated over 275,000 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 choose to lock their tokens for one month to one year, and those who stake for longer periods of time receive heightened governance rights to compensate for the duration of the lock. This is known as a lock up period.
By staking OGN, users essentially earn a share of protocol revenue generated from all of Origin’s products. OGN also lets stakers vote on 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. One example was the introduction of our Automated Redemption Manager (ARM).
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 with a simple user experience.
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's dapp allows users to earn and mint OETH seamlessly using ETH or WETH.
More recently, Origin has launched Super OETH (superOETHb) on Base, becoming a top-10 protocol on the network with over $150 million in total value locked. Super OETH, the first Supercharged LST, offers enhanced staking yield via L2 incentives and is integrated with top protocols on Base.
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, and beyond.
The diverse expertise within the Origin Protocol team underscores a commitment to innovation and security in the decentralized finance space. By bringing together individuals with experience in both Web2 giants and Web3 pioneers, Origin combines the best of traditional tech and blockchain ingenuity.
The team's global presence also fosters collaboration across time zones, ensuring continuous development and support. Origin’s leaders and developers are passionate about building a more open and inclusive financial system, leveraging blockchain technology to empower individuals and institutions alike. With their proven track record, the Origin Protocol team is well-positioned to shape the future of decentralized finance and drive adoption of innovative crypto solutions.
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.
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.
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.
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.
The Origin Token (OGN) contract address is attached to the originprotocol.eth ENS, and its full contract address is 0x8207c1FfC5B6804F6024322CcF34F29c3541Ae26.
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, depending on the amount staked and the duration.
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.
