Let's explore @OriginProtocol

Aft9...aF3d
26 Mar 2024
21

Do you know you can earn yields on your investments without staking or locking them up?
With @OriginProtocol all you have to do is hold and watch your assets grow!

Let's explore it in details.๐Ÿงต

@OriginProtocol is a platform designed to make it easy for you to earn returns on your cryptocurrency holdings without the hassle of traditional methods like yield farming.

It also launched an ETH restaking product with its LRT @PrimeStaked
@OriginProtocol's vision is to create a more open and accessible economy by enabling direct interaction between buyers and sellers, cutting down on fees and barriers to entry.

It aims to provide a decentralized alternative to traditional marketplaces
Allowing for peer-to-peer transactions without the need for intermediaries.
@OriginProtocol offers two main products:

โ€ข Origin Dollar (OUSD)
โ€ข Origin Ether (OETH)
โ€ข OUSD is a stablecoin that helps you earn more without the need for staking or locking up your assets.

Just hold it in your Ethereum wallet, and your balance will increase over time.

โ€ข OETH, on the other hand, helps you earn more $ETH by optimizing yields from liquid staking tokens and liquidity provision strategies.

@OriginProtocol has its own token, $OGN And governance token, $OGV, which allow holders to earn fees from the growth of Origin's DeFi products.
Origin DeFi's OTokens: OUSD and OETH are built on Ethereum.

Both of these tokens are backed by assets and strategies that aim to maximize your returns in either USD or ETH.

Here's a breakdown of the key points:

โ€ขNo Hassle Yield: You can earn returns on your cryptocurrency holdings without having to deal with complicated processes like staking or lockups.

These tokens handle the yield generation for you.

โ€ข Different Strategies: While OUSD and OETH use the same underlying technology, they have different strategies based on whether you want to accumulate more USD or more ETH.

โ€ข Backed Assets: OUSD is backed by stablecoins like USDT, USDC, and DAI
While OETH is backed by ETH and liquid staking tokens like stETH, rETH and frxETH.

โ€ข Auto-Compounding: Your returns are automatically reinvested daily to maximize your earnings.

โ€ข Governance and Audits: Both tokens are governed by OGV stakers and have undergone thorough audits.

OGV stakers passed a proposal to upgrade OGV into a true LST with enhanced yield and peg-keeping capabilities.

This will enable further integrations, both on mainnet and L2s.

โ€ข Configuration Differences: While the code behind both tokens is similar, there are some differences in how they're set up, such as thresholds, fees, and other parameters.

In simpler terms, OUSD and OETH are digital assets that help you earn more either in USD or ETH

Origin just announced that OETH is going multichain via Chainlink's CCIP.
OETH will launch on Arbitrum soon, followed by various other L2s:

The expansion aims to reduce gas fees, enhance accessibility, and provide more integration possibilities, advancing Origin's goal of becoming a versatile DeFi platform.

@OriginProtocol is listed on both centralized and decentralized exchanges like @Poloniex and @hexn_io.
For more information and to get started, visit @OriginProtocol on;

Website: https://originprotocol.com
Discord: https://discord.com/invite/ogn
Telegram: https://t.me/originprotocol

And that's it!
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