Origin Protocol

@OriginProtocol (OGN) is a blockchain platform for building decentralized marketplaces, and has raised $38.1 million in five rounds of funding.OGV is Origin's governance token for OETH and OUSD, and as we've seen quite a bit of movement from them lately, I'm going to write a threaded analysis of OGV's ecological stability and profitability:

1. What is Origin Protocol (OGN)?
Origin Protocol (OGN) is used to build a decentralized marketplace blockchain platform that has raised a total of $38.1 million in fundraising over five rounds of funding. made a timeline to briefly review what OGN has done over the years:
-2017 : Origin Protocol was launched.
-2018 : Origin successfully raised $38 million in funding
-2019 : Launched decentralized DApp and introduced Origin tokens (OGN) to incentivize platform usage and governance. built partnerships and upgraded the platform
-2020: Diversified products to empower users and creators.

2. OGV, OETH and OUSD Concept and Market Performance
OGV: Origin's value accumulation and governance tokens for OETH and OUSD.
OUSD: Origin's stablecoin with a proven track record of flexibility, convenience, profitability, and a AAA rating from Insurace for security.
OETH: Origin's innovative revenue token utilizing the leading LSD as collateral.
These are some of the figures for the market performance of the three tokens: the TVL between OUSD and OETH is over $180 million, OGV's market cap is around $6 million based on LST and repledging is increasing, while OGV is heavily undervalued due to its strong TVL and revenue figures (compared to its market cap), refer to the MC/TVL ratio:
Uniswap: 125
Frax: 45%
Maker: 34 percent
Pendle: 28 percent
Aave: 18%
OGV: 3 percent
Dune Watch: https://dune.com/rugolini/oeth

3. Pledged Proceeds
The current OETH fee repurchase OGV proposal has been adopted, with 10% of the proceeds repurchasing OGV on the open market to OGV pledgers. over 80% of the supply is pledged.
OUSD fees are used to repurchase OGV, which is then redistributed to pledgers in the form of additional proceeds. The other half of the OETH and OUSD performance fees are used to build up DAO-owned CVX to further increase OToken yields. these repurchases take place on a bi-weekly basis:

4. Token Management
OGV holders manage over $1 million in DAO-owned Flywheel tokens, a monthly repurchase fee of over $100,000 and a significant allocation of MORPHO (approximately 2% of the allocation supply, which will be owned by TGE's DAO).

5. Personal View
Origin Ether is expanding to a variety of L2s, unlocking new DeFi by improving accessibility, and launching a liquidity re-pledging platform, PrimeStaked, with a TVL of over $40 million, which puts Origin's total TVL directly over $220 million;
OETH was listed on EigenLayer and over $80 million of OETH was re-pledged; based on the success of OGN, it has been relatively easy for Origin to partner with a number of headline exchanges.
Origin, as a veteran DEFI with a sound ecology, has increased its market capitalization and branding in the past few years by continuously expanding to L2, and has recently interacted frequently with multiple CEXs, so I hope that @Origin_Chinese can bring more and more good products to the DEFI market.

6. Monday Egg: Re-liking the original article + any comment, drawing 50uX5 person points in the comments section: