what's Origin Dollar?
Origin Dollar (OUSD) is a decentralized stablecoin protocol on the Ethereum blockchain, designed to maintain a 1:1 peg to the US dollar while providing passive yield generation to holders directly within their wallets. It is backed by a basket of other stablecoins such as USDC, USDT, and DAI, which are deposited into audited DeFi lending protocols to earn interest. The protocol automates yield distribution through a daily rebase mechanism, increasing the balance of OUSD tokens for all holders proportionally without requiring staking or additional actions. The system operates via smart contracts that manage collateral allocation across liquidity pools and lending platforms like Compound, Aave, and Curve to optimize returns while preserving stability. Governance and value accrual are tied to the broader Origin Protocol ecosystem, with OUSD redeemable at any time for its underlying assets. Security features include multiple audits and on-chain transparency for reserves, positioning it as a secure option for DeFi users seeking stable value storage with built-in productivity.
OUSD deposited over $52,000 on Votemarket across OUSD/OETH gauges for vote incentives.
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Deposited over $52,000 on Votemarket across OUSD and OETH gauges in OUSD, OETH, and USDC for vote incentives.
Refreshed Origin Analytics dashboard to track protocol revenue, TVL, token supply, and per-product metrics across OETH, OUSD, ARM, and all products.
Integrated with Beefy Finance for yield farming, offering vault options including OUSD/USDe at 9.7% APY, OUSD/pmUSD at 15.6% APY, and ynRWAx/OUSD at 15% APY with Circle CCTP-powered crosschain zaps.
Tangent's USG integrates OUSD Curve pools as a yield source at launch.
Launched OUSD/USDe pool on Curve Finance, offering up to 24% APY with a 30x Ethena USDe points multiplier.
Launched an incentivized liquidity pool for OUSD/pmUSD on Curve Finance with an APY range of 10.6% to 26.6%, where OUSD yield is directed to additional pool incentives for liquidity providers.
OUSD/frxUSD liquidity providers on Curve Finance are earning up to 18% APR as of February 25, 2026.
msUSD/OUSD liquidity pool on Curve Finance receives Pool Booster incentives to increase LP APYs for depositors.
Launches liquidity pools pairing OUSD with crvUSD and other stablecoins on Curve Finance, with Pool Booster routing OUSD yield to pool incentives.
Integrated with Harvest Finance to enable one-transaction autocompounding for the frxUSD/OUSD Curve pool, allowing direct swaps from USDC, ETH, and other assets.
Offers liquidity pool paired with ynRWAx on Curve Finance with CRV incentives up to 119% APY.
Partnered with Mezo Network to provide boosted incentives for the MUSD/OUSD Curve pool at launch.
Entered co-incentivization partnership with Frax Finance to bootstrap liquidity for the frxUSD/OUSD pool, with support from Origin's Pool Booster.
Integrated with Pendle, Morpho, Curve Finance, and Contango protocols. Morpho enables USDC borrowing against wOUSD at 3.01% and sources yield from USDC on Hyperliquid against WHYPE and kHYPE collateral.
Expanded to Base blockchain on 2026-03-03, integrating Morpho lending markets and enabling cross-chain capital allocation via Circle's CCTP. Partnered with Yearn Finance.
Deployed compounding validators for OETH; OUSD fully backed by USDC; OETH upgrade completes three audits; bought back 8.4M OGN in November, totaling 47.7M (7.37% of supply); generated $710K revenue, distributed $150K to stakers.
Scheduled community call with EtherFi on 2026-03-03 at 12 pm ET discusses OGN buybacks, DeFi integrations, OETH and OUSD upgrades, eETH ARM, and validator architecture migration. Released OUSD product updates.
Transitions to 100% USDC backing with collateral routed to Morpho vaults, retiring USDT and USDS, enabling multichain USDC yield opportunities.
A governance proposal to back OUSD solely with USDC is now open for voting on Snapshot by OGN stakers, aiming to streamline architecture and enable higher-yield strategies.
Received Low Risk rating from Bluechip.org, ranked alongside DAI and USDC based on peg stability and security metrics, and remains unaffected by the USR exploit with no user funds at risk.
New protocol upgrade redirects all revenue from OUSD and other products to OGN buybacks.
Implemented new AMO on Curve OUSD/USDC pool, enhancing liquidity depth and doubling yield efficiency with double-digit APYs through Pool Booster.
APY sits at 5.6%, achieving 5.5% over trailing 30 days.