Origin Protocol

Origin's OUSD stablecoin is expanding its presence on Curve Finance through three new liquidity pools, each offering double-digit APYs through Pool Booster incentives. **New Pools:** - **ynRWAx/OUSD** (with YieldNest): Connects real-world asset yield with onchain stablecoin liquidity. LPs retain native ynRWAx rewards while earning Pool Booster incentives. - **MUSD/OUSD** (with Mezo Network): Pairs OUSD with bitcoin-collateralized stablecoin MUSD, supporting tight USD pegs on both sides. - **frxUSD/OUSD** (with Frax): Surpassed $1M TVL within one week, offering LPs up to 19.7% APY through co-incentives. Pool Booster directs protocol incentives to these pools, helping scale liquidity while maintaining competitive yields for liquidity providers. The expansion establishes a framework for bringing new stablecoin markets to Curve with sustained depth. [Explore OUSD pools on Curve](https://www.curve.finance/dex/ethereum/pools/?search=OUSD)

Origin Protocol held its Monday community call covering several key developments: **Key Updates:** - **$OGN Buybacks** - Latest status on token buyback program (7:07) - **Ecosystem Integrations** - New partnerships with Morpho, Curve, and Compound protocols (11:06) - **$OUSD Phase 2** - Next phase rollout details for Origin Dollar (22:22) - **ARM Updates** - Progress on Automated Risk Management system (25:10) - **OUSD Pool Booster** - New liquidity strategy implementation (28:20) - **Frax Finance Spotlight** - Guest appearance discussing collaboration opportunities (30:04) The call provided technical updates on Origin's stablecoin infrastructure and DeFi integrations, with timestamps available for those who missed the live session.

Origin Protocol has published its monthly token holder update for January 2026. The report provides transparency on three key areas: - **Protocol revenue** performance metrics - **$OGN buyback** program activity - **Product development** updates for OUSD and ARM Token holders can review the complete financial and operational details in the [full update](https://www.originprotocol.com/blog/january-2026-token-holder-update?lang=en&category=all&page=1). These monthly reports offer stakeholders regular insights into Origin Protocol's financial health and product roadmap progress.

Frax Finance and Origin Protocol hosted a community call focused on generating stable yields through stablecoins amid volatile market conditions. **Key Discussion Points:** - Strategies for maintaining consistent returns in uncertain markets - Stablecoin mechanisms and yield generation approaches - Community insights on $OGN token utility The conversation explored how decentralized protocols can offer predictable returns when traditional crypto assets experience significant price swings. Both teams shared their approaches to balancing stability with competitive yields. [Watch the full community call](https://x.com/i/broadcasts/1BRJjgwDMeRxw)

**Pendle introduces liquid yield trading for stETH volatility** through ARM (Automated Risk Management) integration. **How ARM generates yield:** - Buys stETH at discount during volatility - Redeems back to ETH at 1:1 ratio via Lido - Captures spread as profit for depositors **Pendle splits ARM yield into tradeable tokens:** - **PT (Principal Tokens):** Steady ETH exposure + fixed yield - **YT (Yield Tokens):** Leveraged upside to ARM yields This creates the **first direct way to trade stETH volatility** on Pendle. Higher stETH price swings = more arbitrage opportunities = increased yields for ARM depositors. Traders can now: - Speculate on stETH volatility through YT - Lock in fixed yields from ARM via PT - Provide liquidity to earn trading fees The ARM vault combines Lido stETH arbitrage with lending yield on idle ETH via Morpho, creating a unique yield source tied to protocol-driven arbitrage. [Trade the market](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 across Base and Ethereum networks. **Key Features:** - Borrowers earn ~9.7% APY while taking USDC loans - Available on both Base (Super OETH market) and Ethereum (OETH market) - Auto-deleverage feature provides automatic risk management - Higher LTV loops generate more rewards **How It Works:** The markets use yield generated by OETH and Super OETH tokens to subsidize borrowing costs, effectively paying users to borrow rather than charging them. **Risk Management:** Auto-deleverage handles risk trims automatically, allowing users to maintain higher loan-to-value ratios while reducing liquidation pressure. Both markets are accessible through [Morpho's platform](https://app.morpho.org) with competitive LTV ratios - 86% on Ethereum and 77% on Base.

**Origin Protocol has completed a major milestone**, buying back 50 million $OGN tokens from the market. **Key developments:** - 80% of buyback volume occurred in the last six months following proposal approval - Protocol fees now directly fund the buyback program - Maximum locked $xOGN stakers currently earn ~33% APY - Staking rewards have accelerated significantly **The buyback mechanism creates a dual effect** - driving token demand while staking creates supply constraints. This combination has boosted rewards for long-term holders who lock their tokens. **Next target: 100 million $OGN buybacks** as the protocol continues expanding its token economics model.

**Origin Protocol delivered strong November performance** across multiple fronts: **Record Token Buybacks** - 8.4M $OGN bought back in November - Total buybacks now at 47.7M (7.37% of supply) - Max-locked $xOGN earning **37.5% APY** - Nearly 40% of circulating supply locked **Product Updates** - **eETH ARM** posted 6.4% trailing 30-day APY in private beta - Won $1.3M+ in trading volume through aggregator routing - **$OUSD redesign live** - now fully backed by USDC for simplified architecture **Major OETH Upgrade** - All three audits complete (Nethermind, OpenZeppelin, Sigma Prime) - Validator migration started - Brings EIP-7251 support, safer key management, partial withdrawals - **Removes oracle dependencies** with native Merkle proof validation **Strong Revenue** - $710K generated in November - ~$150K distributed to $OGN stakers The OETH upgrade positions the protocol for deeper institutional allocation and more transparent staking. [Read full update](https://www.originprotocol.com/blog/november-2025-token-holder-update?lang=en&category=all&page=1)

**Live stream scheduled for tomorrow at 11 AM EDT** The session will cover: - **$OGN token developments** and recent updates - **New markets launching on Pendle** protocol - **DeFi lending discussion** with @ripe_dao representatives Turn on post notifications to get reminded when the stream goes live.

**Origin Dollar (OUSD) has received Low Risk coverage** from Bluechip, placing it in the same category as established stablecoins DAI and USDC. The rating recognizes OUSD's strong fundamentals: - **Peg stability** - maintains consistent value - **Onchain reserves** - transparent backing - **Security audits** - verified safety measures This classification positions OUSD as a trusted stablecoin option for users seeking yield-generating alternatives to traditional stablecoins. [Start earning with OUSD](https://app.originprotocol.com/#/ousd/)