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.
Origin Dollar partnered with Mezo Network for boosted MUSD/OUSD Curve pool incentives.
contract
ethereum
astar
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.
Launched a liquidity pool pairing OUSD with crvUSD on Curve Finance, featuring Pool Booster support that routes OUSD yield to pool incentives for LPs.
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 and Morpho protocols.
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.
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.
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.
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.
Implemented new AMO on Curve OUSD/USDC pool, enhancing liquidity depth and doubling yield efficiency with double-digit APYs through Pool Booster.
Currently offering 23.49% trailing 7-day APY as of January 2025.