Summary

July marked the first full month of protocol-funded OGN buybacks, delivering tangible results to stakers. Over 7 million OGN was repurchased from the market, helping push staking yields to nearly 40% vAPY — all without any new emissions.

At the same time, Origin continued growing its presence across top DeFi protocols. With integrations spanning Ethereum, Base, Sonic, and Plume, our product footprint continues to expand, creating new opportunities for leverage, lending, and composability.

Here’s what Origin delivered this month:

Origin Token (OGN) Buybacks: July 2025

The OGN buyback program hit full stride in July, completing its first full month of protocol-funded market purchases.

All fees earned across OETH, Super OETH, OUSD, OS, and the ARM are now being used to buy OGN from the open market. These purchases are executed onchain and are publicly viewable via @OGN_alerts on X.

Highlights from July:

• Over $420,000 of OGN was bought back, equivalent to 7 million OGN at the time of purchase.
• Max OGN staking yields are now at 39.6% vAPY with zero new emissions — all rewards are funded by protocol fees.
• The DAO’s ETH-denominated treasury grew in value alongside ETH’s price, as a majority of assets are held in OETH.

With fees scaling across multiple networks, OGN buybacks are driving consistent, automated buy pressure — and as more products integrate and earn, that pressure will grow.

Ecosystem Updates

Origin’s products were integrated across several major DeFi protocols in July. These updates increase accessibility, deepen liquidity, and drive more protocol fees back to OGN stakers. Here are some of the biggest integrations from July:

• Compound Finance listed wOETH as collateral, enabling borrowing and yield strategies on Ethereum.
• Yearn added wOETH as collateral for yETH, a basket of yield-generating ETH assets.
• Origin integrated the ARM S Vault with Silo, optimizing yield by routing idle S into lending markets.
• Spectra launched a new OS money market, expanding utility for Origin Sonic.
• Summer.fi added OETH to its Lower Risk ETH Vault, simplifying yield strategies via Morpho.
• OGN was included in the OpenStable index, offering investors OGN exposure alongside other DeFi top projects.

Product Metrics

Last month, ARM ETH Vault APYs outperformed as stETH drifted off peg. The protocol saw an increase in deposits as yield surged into the double-digits during peak volatility. Here’s how all of Origin’s products performed in July:

• Origin Ether (OETH): 30-day trailing APY of 2.77%, with $153M in TVL.
• Super OETH on Base: 30-day trailing APY of 4.55%, with $96M in TVL.
• Super OETH on Plume: 30-day trailing APY of 4.2%, with $2.4M in TVL.
• Origin Sonic (OS): 30-day trailing APY of 4.77%, with $9.8M in TVL.
• ARM ETH Vault: 30-day trailing APY of 7.7%, with $6.3M in TVL.
• ARM S Vault: 30-day trailing APY of 5.5% with $305K in TVL.
• Origin Dollar (OUSD): 30-day trailing APY of 3.4%, with $9.2M in TVL.

In Case You Missed It

That’s a wrap for July’s Token Holder Update. Buybacks are live, integrations are growing, and protocol fees are now directly impacting OGN holders. Here’s some content from July you might have missed:

• Product Launch: ARM S Vault Now Live on Sonic
• New Listing: Super OETH on Compound Finance
• OGN Buybacks: Track Progress on our Website

As always, we invite you to join our community on Discord and follow along with Origin Protocol on X.