Origin Protocol Price(OGN)

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1 OGNAED د.إ0.3963
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د.إ 0.3963
+8.01%
1D
Page last updated: 2024-11-22 06:35 (UTC+0)
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Price of OGN today

The live price of Origin Protocol is د.إ 0.3963 per (OGN / AED) with a current market cap of د.إ 269.39M AED. 24-hour trading volume is د.إ 44.91M AED. OGN to AED price is updated in real-time. Origin Protocol is +8.01% in the last 24 hours with a circulating supply of 679.76M.
OGN Price History AED
Date ComparisonAmount Change% Change
Todayد.إ 0.029375+8.01%
30 Daysد.إ 0.078011+24.51%
60 Daysد.إ 0.053786+15.70%
90 Daysد.إ 0.070328+21.57%

OGN Market Information

24h Low & High
Low: د.إ 0.362625
High: د.إ 0.402782
The highest and lowest price paid for this asset in 24 hours.
All Time High
د.إ 12.43
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
-0.15%
The percentage change in price for this asset compared to 1 hour ago.
Price Change (24h)
+8.01%
The percentage change in price for this asset compared to 24 hours ago.
Price Change (7d)
+20.19%
The percentage change in price for this asset compared to 7 days ago.

OGN Market Information

Popularity
#518
Popularity is based on the relative market cap of assets.
Market Cap
د.إ 269.39M
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
د.إ 44.91M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
679.76M
48.22%
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
Total Maximum Supply
1.41B
The total number of coins that will ever be created for the crypto asset, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Fully Diluted Market Cap
د.إ 558.65M
The total number of coins that will ever be created for the crypto asset, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Issue Date
2020-01-06

What Can You Do With Origin Protocol (OGN)?

Explore how to use your crypto assets with Binance.

About Origin Protocol (OGN)

The Origin Protocol is an Ethereum based DeFi platform, that seeks to improve economic accessibility with its multichain product offerings. Origin’s products are designed to be permissionless and interoperable, enabling integration with other DeFi initiatives. These products are designed to enable OGN stakers accrue yield from a share of revenue generated by all of Origin’s products, cultivating a sustainable, user-first platform. 

Origin Protocol consists of four main parts:

  • Origin Ether (OETH): a liquid staking token for Ethereum (ETH) that allows users to earn yield while maintaining liquidity with a 1:1 peg to ETH.

  • OUSD: the platform’s stablecoin automatically generates yield through staking, eliminating the need for active management.

  • Automated Redemption Manager (ARM): a tool in Origin Protocol for zero-slippage swapping of liquid staking tokens, ensuring efficient and gas-optimized trades at market-based prices.

  • OGN Token: The value-accrual and governance token for Origin’s ecosystem. Staking OGN for xOGN allows users to earn a share of the protocol’s revenue.

According to the team, Origin Protocol focuses on developing financial tools for Ethereum and EVM-compatible networks. Currently the project collaborates with Chainlink, EigenLayer, and Curve among many others.

As per the company’s info, Origin has partnered with Chainlink CCIP to bring OETH to Layer-2 networks. Deploying wOETH to new chains empowers users to unlock even more value and yield opportunities across leading L2s. These derivatives are designed for deep liquidity and incentivization, targeting far higher APYs than those generated by simply holding LSTs. This expansion is well underway, with OETH now live on Arbitrum. The protocol has reportedly set its sights on leading chains including Base and Optimism for further growth, with deployments being finalized on both networks.

Currently, the tokens of the platform, OGN and OGV (Origin DeFi Governance) are undergoing a merger. This was initiated to unify staking rewards and make Ethereum staking more user-friendly. After the merge, OGN will be the main token for governance, staking, and rewards on the platform. The price of Origin Protocol is updated and tracked in real-time on Binance.

People Also Ask: Other Questions About Origin Protocol

  1. What is OGN Used For?

    OGN is the sole governance and value-accrual token for Origin’s products. Users can stake OGN for xOGN, which carries voting and economic power across Origin’s product suite.

    • Staking model: OGN can be locked on a time horizon of 1 month – 1 year. Users who stake OGN receive xOGN relative to the amount staked and the duration of the lock-up period. xOGN grants holders economic and voting rights during the staking period.

    • Rewards: Origin takes a performance fee from its yield generating products. Half of this fee is distributed to OGN stakers in the form of extra rewards, while the remaining 50% funds the purchase of flywheel tokens to boost yield generated by the underlying protocols.

    • Governance: OGN stakers comprise the Origin DAO, which votes on proposals and treasury allocations. Origin promotes fully on-chain governance to cultivate a sustainable, inclusive structure.

  2. How Do Network Consensus and Validation Work on Origin Protocol?

    Origin Protocol is built on Ethereum mainnet and participates directly in staking activities on the network. Users can stake ETH via Origin Ether (OETH) to earn staking rewards and superior yields from bespoke AMO strategies. Users who deposit ETH mint OETH, which maintains an ETH peg and carries wide integrations across DeFi. Origin’s products implement Distributed Validator Technology (DVT) to ensure that node management can scale securely without risk of centralization.

  3. How does Origin Protocol work?

    Origin’s product suite is designed to help users potentially enhance their on-chain returns. The protocol’s supposedly yield-generating products, OETH and OUSD, incorporate AMO strategies that are said to provide superior yields. Origin Ether (OETH) is described as an ETH LST with versatile utility. Origin utilizes OETH’s codebase to deploy wrapped OETH (wOETH) derivatives, which supposedly allow users to earn multiples of staking yield on leading Layer-2 blockchains, beginning with Arbitrum.

    The protocol also plans to use OETH’s design to explore building native LSTs for major EVM networks. Users can reportedly deposit ETH and OETH to the protocol’s native liquid restaking platform, PrimeStaked, to mint primeETH and stay liquid while earning rewards. The Automated Redemption Manager (ARM) by Origin aims to provide deep liquidity for seamless swaps on redeemable assets with minimal slippage. Unlike traditional AMMs, the ARM does not use a bonding curve and bases prices on the time value of “borrowing” ETH. This design supposedly enables users to swap between supported LSTs and ETH at nearly a 1:1 rate, promoting greater capital efficiency than traditional AMMs. OGN serves as the value-accrual and governance token for Origin’s ecosystem. Users can stake OGN for xOGN and potentially earn a share of protocol revenue generated from all of Origin’s products.

  4. Who Is the Founder of Origin Protocol?

    The Origin Protocol was co-founded in 2017 by Josh Fraser and Matthew Liu.

  5. What is the Maximum Token Supply of OGN?

    At the time of writing, the maximum supply of Origin Protocol is 1.4 billion OGN, with a circulating supply of over 567 million OGN.

  6. What Makes Origin Protocol Different From Others?

    Origin Protocol aims to stand out in the DeFi space through its highly interoperable and permissionless product offering, which are designed for maximizing on-chain returns. These products include liquid staking tokens, an auto-compounding stablecoin, and a tool that enables zero-slippage swaps.

    As per the project, Origin’s products are designed to serve everyone from new entrants to DeFi power users, offering ready access to powerful yield and liquidity primitives with uniquely rewarding mechanics.

  7. How To Buy Origin Protocol (OGN)?

    Origin Protocol (OGN) can be purchased directly from Binance. Origin Protocol (OGN) can also be traded for other cryptocurrencies. Live Origin Protocol price is updated in real-time on Binance. Additionally, OGN token price and purchase information is available for users to read on our How To Buy Origin Protocol (OGN) guide.

  8. How Much Will Origin Protocol (OGN) Be Worth in Future?

    Check out our OGN Price Prediction page — when deciding on your own price targets. Data displayed are based on user input and not Binance's opinion.

OGN to Local Currency

FiatPriceOperation
1 OGN to USD$ 0.107984
1 OGN to TRY$ 0.107984
1 OGN to RUB$ 0.107984
1 OGN to EUR$ 0.107984
1 OGN to AED$ 0.107984
1 OGN to AUD$ 0.107984
1 OGN to BRL$ 0.107984
1 OGN to VND$ 0.107984
1 OGN to IDR$ 0.107984
Last updated 2024/11/22 06:35 (UTC)

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