Origin Protocol Community Call Recap: Token Buybacks, DeFi Integrations, and OUSD Phase 2

**OUSD is expanding its presence on Curve Finance** through multiple new liquidity pools paired with various stablecoins and yield tokens. **Key developments:** - New pools are delivering **double-digit APYs** for liquidity providers through Pool Booster incentives - The **frxUSD/OUSD pool** launched with Frax Finance has surpassed **$1M in TVL** within one week, offering up to 19.7% APY - A new **OUSD/MUSD pool** went live in collaboration with Mezo Network - Pool Booster directs protocol incentives to maintain deep liquidity and competitive returns These launches establish a framework for bringing new stablecoin markets to Curve with sustainable liquidity. Origin is working with multiple stablecoin protocols to build institution-grade markets, with additional deployments already underway. [Explore OUSD pools on Curve](https://www.curve.finance/dex/ethereum/pools/?search=OUSD)

Origin Protocol has released its January 2026 token holder update, providing transparency on key metrics and developments. **Key highlights include:** - Protocol revenue performance for the month - Details on $OGN token buyback activities - Product development updates for $OUSD - Progress report on ARM (Automated Risk Management) The update offers token holders insight into the protocol's financial health and ongoing product improvements across Origin's DeFi ecosystem. [Read the full January update](https://www.originprotocol.com/blog/january-2026-token-holder-update?lang=en&category=all&page=1)

**Pendle Finance** now offers the first-ever **stETH volatility trading** market. - ARM protocol captures the spread between different stETH positions - Pendle transforms this into a tradeable market for users - Traders can now directly trade volatility exposure on staked Ethereum This creates a new DeFi primitive allowing users to speculate on or hedge against stETH price movements without holding the underlying asset. [Trade stETH volatility on Pendle](https://app.pendle.finance/trade/markets/0x53f940db819400f226466f5ad330c177a4be6b3c/swap?view=pt&chain=ethereum)

**Morpho's Borrow Booster markets** are offering negative interest rates on USDC loans, meaning borrowers get paid to borrow. **Key Details:** - Available on Base and Ethereum Mainnet - Base Super OETH market offering ~9.7% APY to borrowers - Higher LTV loops earn more rewards - Auto-deleverage feature reduces liquidation risk **How it works:** - OETH and Super OETH yield subsidizes borrow costs - Borrowers effectively earn money on USDC loans - Risk management through automatic deleveraging **Available Markets:** - [Base Super OETH](https://app.morpho.org/base/market/0x67a66cbacb2fe48ec4326932d4528215ad11656a86135f2795f5b90e501eb538/superoethb-usdc) - [Ethereum OETH](https://app.morpho.org/ethereum/market/0xb8fef900b383db2dbbf4458c7f46acf5b140f26d603a6d1829963f241b82510e/oeth-usdc) Check out these markets to explore earning while borrowing.