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 integrates Pendle/Morpho, collaborates with Yearn Finance on its OUSD roadmap.
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Announced roadmap collaboration with Yearn Finance for OUSD.
OUSD is now fully backed by USDC as proposed, OETH upgrade completes all three audits with validator migration started, 8.4M OGN bought back in November bringing total to 47.7M (7.37% of supply), and $710K revenue generated with $150K distributed to stakers.
A community call scheduled for tomorrow will discuss OGN buybacks and share new DeFi integrations, along with covering OETH and OUSD upgrades.
Protocol transitions to 100% USDC backing with collateral routed to Morpho vaults, retiring USDT and USDS from the vault following governance approval.
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.
Receives Low Risk rating from Bluechip.org, ranked alongside DAI and USDC based on peg stability and security metrics.
New protocol upgrade redirects all revenue from OUSD and other products to OGN buybacks.
New AMO implementation on Curve OUSD/USDC pool enhances liquidity depth and doubles yield efficiency.
Currently offering 23.49% trailing 7-day APY as of January 2025.