Origin Protocol November Update: Record Buybacks and Major OETH Upgrade

Origin has launched a new liquidity pool pairing OUSD with MUSD on Curve Finance, developed in partnership with Mezo Network. **Key Details:** - Pool utilizes Origin's Pool Booster mechanism to direct protocol incentives - Aims to deepen liquidity and enhance returns for liquidity providers - Available on Curve's Ethereum deployment This follows Origin's recent pattern of establishing stablecoin liquidity pools on Curve. Last week, their frxUSD/OUSD pool crossed $1M in TVL within seven days, offering LPs up to 19.7% APY through combined incentives. [Explore the OUSD/MUSD pool](https://www.curve.finance/dex/ethereum/pools/factory-stable-ng-681/deposit)

**Key Updates from Monday's Community Call** Origin Protocol shared several important developments: - **$OGN Buybacks Update** (7:07): Latest information on token buyback program - **Ecosystem Integrations** (11:06): Progress on integrations with [Morpho](https://morpho.org), [Curve](https://curve.fi), and [Compound](https://compound.finance) - **$OUSD Phase 2** (22:22): Next phase rollout details for the stablecoin product - **ARM Updates** (25:10): Technical improvements to the protocol - **OUSD Pool Booster** (28:20): New liquidity strategy implementation - **Guest Spotlight** (30:04): Discussion with [@fraxfinance](https://twitter.com/fraxfinance) team The call covered strategic developments across Origin's product suite, focusing on expanding DeFi partnerships and enhancing yield generation mechanisms for users.

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.