PANews reported on June 5 that Origin Protocol, a multi-chain yield DeFi project, announced in its official blog that after the successful passage of the latest governance proposal, 100% of its protocol revenue will now be used to buy back OGN and distribute it to xOGN holders. The move will align Origin's growth with xOGN. As the protocol's revenue grows, OGN stakers will benefit accordingly. A series of OGN buybacks will soon be launched to convert protocol revenue into OGN. These buybacks are ongoing, measurable, and publicly available. There will be no new issuances, and there will be no inflation – only a sustainable yield on the protocol's revenue. In addition, it is proposed to use assets in the DAO's treasury to facilitate OGN staking, which aims to increase OGN purchase pressure by more than $3 million in the form of a buyback. OGN buybacks will begin by July 4.
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Origin Protocol: 100% of the protocol revenue will be directly distributed to OGN stakers.
PANews reported on June 5 that Origin Protocol, a multi-chain yield DeFi project, announced in its official blog that after the successful passage of the latest governance proposal, 100% of its protocol revenue will now be used to buy back OGN and distribute it to xOGN holders. The move will align Origin's growth with xOGN. As the protocol's revenue grows, OGN stakers will benefit accordingly. A series of OGN buybacks will soon be launched to convert protocol revenue into OGN. These buybacks are ongoing, measurable, and publicly available. There will be no new issuances, and there will be no inflation – only a sustainable yield on the protocol's revenue. In addition, it is proposed to use assets in the DAO's treasury to facilitate OGN staking, which aims to increase OGN purchase pressure by more than $3 million in the form of a buyback. OGN buybacks will begin by July 4.