About Origin Protocol (OGN)
The Origin Protocol is an Ethereum based DeFi platform, that seeks to improve economic accessibility with its multichain product offerings. Originâs 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 Originâs products, cultivating a sustainable, user-first platform.Â
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 platformâs 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 Originâs ecosystem. Staking OGN for xOGN allows users to earn a share of the protocolâs 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 companyâs 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.