According to TechFlow, Origin Protocol announced the completion of the merger and proposed to launch xOGN, which will enable users to stake OGN to obtain new governance tokens xOGN, representing voting rights and economic power over Origin products.

The proposal also outlines key mechanisms for xOGN staking, including a buyback mechanism (a portion of the protocol revenue from OETH, OUSD, and any future products will be used as a performance fee. 50% of this fee will be used to buy back OGN and redistribute it to xOGN holders, while the remaining 50% will be used to purchase flywheel tokens (such as CRV and CVX), which will generate additional returns in Origin's products.), a staking model with a maximum lock-up period of one year, and an early exit function. Users need to vote before 2 a.m. Beijing time on May 3.