By Ariel Meranus, Director of Product, Origin Protocol
As we continue to scale Origin’s product suite, our goal remains the same: build meaningful, composable financial infrastructure that drives value back to our users and token holders. That mission has brought us across multiple chains — and recently, to Sonic.
This update outlines why we chose Sonic, how the collaboration has gone so far, and what’s coming next.
When we made the decision to deploy on Sonic, speed to market and technical alignment were top priorities. We were able to launch Origin Sonic (OS) quickly thanks to Sonic’s support and infrastructure. Their team was responsive, hands-on, and proactive across BD, dev support, and marketing.
Using the same token model as our Ethereum-based assets (OETH, Super OETH) allowed us to maintain consistency while adapting to a new chain. With minimal overhead, we launched a highly robust yield-bearing LST on Sonic in a matter of weeks.
The next phase of development is already underway. We’re actively building Automated Market Operations (AMOs) on Sonic to help stabilize OS’s peg and deepen liquidity across core pools. These tools have been critical to the success of OETH and OUSD on Ethereum, and we’re bringing the same infrastructure to Sonic to support OS.
Sonic stuck out to us for more than just its technical capabilities — it’s a collaborative ecosystem with a strong community of builders and DeFi users. From day one, we’ve collaborated closely with other protocols to make OS an asset that can be integrated widely across DeFi on Sonic.
Whether it's lending markets, DEX liquidity, or structured products, we’ve seen strong demand to bring OS into existing platforms. That traction was facilitated by Sonic’s BD team actively connecting the dots and ensuring alignment between builders.
Co-marketing across the Sonic ecosystem has boosted awareness of OS and Origin’s broader product suite. Sonic has actively supported our marketing initiatives, helping position OS as a foundational DeFi asset on the chain. From wOS on Pendle to leveraged staking opportunities on Silo, Sonic has helped bring in new DeFi users to the Origin community.
Following the successful deployment of OS, we're building toward greater liquidity and on-chain efficiency for liquid staking tokens on Sonic. Origin is bringing its Automated Redemption Manager (ARM) vaults to Sonic, which have processed north of $1B in volume for LSTs on Ethereum mainnet.
The ARM S Vault is an on-chain strategy designed to help strengthen the OS peg and add new liquidity to Origin Sonic. At the same time, the ARM S Vault presents a new way to earn low-risk S yield and Sonic Points.
This vault acts as an arbitrage layer, buying and selling OS when the price drifts from its peg. Similar to the Ethereum-based ARM that has successfully stabilized stETH and OETH, the Sonic ARM S Vault is fully automated and earns yield for vault depositors.
By opening this vault to the public, we’re also giving Sonic-native users a way to earn real yield for helping maintain peg stability — reinforcing the strength of OS and making it more attractive to other protocols.
Sonic has proven to be more than just a deployment venue. It's been a strategic partner for supporting our growth.
At the same time, Origin has delivered meaningful contributions to the Sonic ecosystem—from launching OS as a widely integrated asset to deploying novel yield strategies across top Sonic protocols.
We’re looking forward to deepening our integration with Sonic and continuing to deliver products that push the entire liquid staking space forward.
Together with Sonic, we’re shaping what comes next.
Origin’s DAO has officially passed a major upgrade to OGN staking.
A new governance proposal to use over $3 million in DAO assets to market buy OGN has passed with unanimous support. Combined with the previously passed proposal to route 100% of protocol revenue towards OGN buybacks, this marks a pivotal shift in how value flows to Origin Token.
The DAO is doubling down on alignment between product growth and token holder rewards — with no new emissions and 100% of staking rewards funded by real yield from protocol revenue and DAO-owned assets.
Over the next 12 months, more than $3 million worth of DAO treasury assets (at the time of writing) will be used to market buy OGN. Buybacks will commence in the coming weeks and continue in perpetuity. These assets will first be converted into Origin assets, such as OUSD or OETH, which offer both stability and yield. This structure ensures the treasury remains productive while enabling regular buybacks.
All purchased OGN will be distributed to stakers. In the first week of the new staking program, $100,000 of OGN will be bought back and distributed, alongside over 1.3M OGN already held by the DAO. Stake OGN ahead of the buyback program to position yourself for heightened rewards in week one.
These buybacks are designed to amplify staking rewards during the first year of the new program, driving deeper alignment between Origin’s growth and token holder value.
The swap of treasury assets into Origin yield-bearing products will occur in the coming weeks. From there, buybacks will begin and continue on a consistent basis.
This structured rollout creates ongoing buy pressure and sustained staking rewards, giving both long-term stakers and new participants an opportunity to earn more with OGN.
In addition to the $3M allocation from the DAO, 100% of Origin Protocol’s revenue will be used to buy back and distribute OGN to stakers. Diverse revenue streams are generated across Origin’s suite of products:
This creates a flywheel where product usage directly drives demand for OGN, benefiting both token price and staking rewards without introducing new emissions.
Staking OGN means earning a direct share of Origin’s success — both from protocol revenue and $3M+ in DAO assets earmarked for buybacks. With rewards paid in OGN bought on the open market, this is one of the most transparent and aligned staking models to-date.
No smart contract changes will be made to xOGN, meaning current stakers are already positioned to earn from OGN buybacks. With boosted rewards coinciding with the first week of buybacks, early stakers stand to generate the most rewards.
Staking is live now. Stake OGN, earn real yield, and be part of what’s next.
Super OETH is now live on Plume, the first modular blockchain purpose-built for real-world assets (RWAs).
As Plume launches its mainnet and kicks off its ecosystem-wide points campaign, Origin is bringing its highest-yielding ETH LST to the network, giving Plume users access to supercharged ETH yield with superOETHp.
Plume’s mainnet has gradually rolled out to the public, and Super OETH is now accessible to all users on the network. Following Plume’s mainnet alpha release, Plume has opened access to the public as of June 5, 2025.
Super OETH has already established itself as the leading high-yield LST on Base, where it consistently outperforms traditional LSTs by combining Ethereum staking rewards with chain-specific incentives. With the launch of superOETHp on Plume, we’re extending this model to a new ecosystem focused on bridging DeFi with real-world utility.
Plume’s mainnet launch marks a major milestone in building out scalable infrastructure for tokenized real-world assets. Backed by several major investment firms, Plume aims to onboard both large institutions and retail users by combining native RWA integrations with fast finality and low cost transactions. The chain is launching with a points campaign to incentivize early usage and engagement—making this a strategic time to deploy capital into the Plume ecosystem.
Super OETH’s arrival on Plume brings a proven LST strategy to a new chain. With superOETHp, users can earn competitive ETH staking yields that are boosted by onchain incentives from Plume-native protocols.
This is not a bridged version of Super OETH from another chain—it is a new, chain-specific LST with its own yield dynamics, integrated directly into Plume’s growing DeFi stack.
Note: Super OETH on Plume may not be available in all jurisdictions, subject to local regulatory requirements.
Super OETH on Plume is built to maximize capital efficiency. It achieves this in three ways:
This dual-yield mechanism—staking rewards plus Plume-native incentives—makes superOETHp one of the most efficient yield-generating assets in the Plume ecosystem.
Super OETH (superOETHp) is now live on the Origin dapp and Plume Users can begin swapping to superOETHp or providing liquidity on Rooster to earn additional rewards. If you’re bridging funds to Plume for the first time, visit the Stargate bridge to get started.
As Plume’s ecosystem grows, Super OETH will continue to play a central role in providing yield-bearing infrastructure for new DeFi and RWA integrations. By holding superOETHp, users gain access to Ethereum staking rewards, Plume-based AMM rewards, and Points-based incentives—all in a single asset.
All revenue generated by Super OETH on Plume accrues to the OGN DAO, strengthening the foundation of Origin’s ecosystem and generating additional funds for OGN buybacks.
Explore the new frontier of LSTs on Plume.
Start earning with superOETHp today via the Plume Portal or directly on the Origin dapp.
OGN stakers, your time has come.
Following the successful passage of our latest governance proposal, 100% of Origin’s protocol revenue will now be used to buy back and distribute OGN to xOGN holders.
This includes revenue from:
This move aligns Origin’s growth directly with xOGN. As the protocol grows its revenue, OGN stakers benefit proportionally.
The OGN DAO has quietly accumulated millions of dollars in net assets across its products. The protocol has already demonstrated its ability to earn real yield at scale. Now we’re turning that value over to the community.
This change delivers protocol earnings directly to stakers—automatically and transparently. We anticipate this upgrade will enhance staking APYs, especially as the OGN DAO begins liquidating its assets to buyback and distribute additional OGN to stakers.
Starting soon, we’ll begin a series of OGN buybacks, converting protocol revenue into OGN. These buybacks will be ongoing, measured, and public. No new emissions, no inflation—just sustainable yield from protocol revenue.
Alongside using protocol revenue for OGN buybacks, we’ve proposed a boost to OGN staking using the assets held the DAO’s treasury. If passed, the proposal will enhance staking rewards for early adopters.
The proposal aims to add over $3 million of buy pressure to OGN in the form of buybacks. Over the first 90 days of staking rewards being distributed to stakers, the protocol will buy back over $1,000,000 of OGN using protocol revenue and DAO assets. DAO assets will continue to be used over 12 months, increasing rewards for those who stake Origin Token.
Over the next few weeks, we’ll roll out:
This upgrade makes xOGN the simplest way to benefit from Origin’s growth. As the protocol earns, so do you.
We’ll be rolling out full staking functionality in the coming weeks, along with additional content to get you up to speed on the new OGN staking mechanics. For now, consider this your early heads-up: the value Origin Protocol generates is coming back to you.
If you’re already staking, sit tight. Your xOGN will begin earning from protocol revenue soon.
If you’re not, now is the time to stake to position yourself for maximum rewards.
In May, Origin Protocol published one of its most important governance proposals to date, allocating 100% of protocol revenue to OGN buybacks. Additionally, a second proposal just went live to use over $3 million in DAO assets to buy back OGN – more details on these proposals below.
We also geared up for Super OETH on Plume, integrated with several new DeFi protocols, and maintained competitive yields across Origin’s products. Below is a full recap of what you may have missed.
Voting ends today on a major OGN governance proposal to use 100% of Origin Protocol’s revenue to buy back OGN from the open market and distribute it to OGN stakers. The proposal has already met quorum with unanimous support.
OGN holders can look forward to:
No new emissions—just real yield flowing back to token holders. This change strengthens the OGN flywheel by tying staking rewards directly to protocol performance and long-term product usage.
A second proposal is also now live for voting: Use Over $3 Million in DAO Assets to Buy Back OGN. The OGN DAO has accumulated millions of dollars from protocol revenue, and there’s an opportunity to bring this value back to Origin Token. If passed, new buy pressure will be added to OGN, supplementing Origin’s upcoming buyback-and-distribute program that will allocate 100% of protocol revenue to xOGN.
These proposals create a direct link between protocol value and Origin Token. Buybacks are anticipated to begin within the next month, and protocol revenue will be distributed to OGN stakers by July 4, 2025.
Stake OGN now to position yourself for staking rewards – over $100,000 of OGN buybacks will occur in week one alone.
In the coming days, Super OETH will become publicly accessible on Plume. Plume is the first blockchain built specifically for real-world assets, designed to simplify compliance and unlock new use cases for RWAs onchain.
Super OETH on Plume is a distinct deployment from its Base counterpart. It uses a different token contract (ticker: superOETHp), integrates with a different DEX to guarantee deep liquidity, and reflects a separate APY from the Base version (ticker: superOETHb). This allows us to optimize for the unique opportunities within the Plume ecosystem.
One of these opportunities is on Rooster, the primary Plume DEX offering strong incentives for liquidity providers. Users can LP from day one to earn rewards and help bootstrap the market.
Here’s how Origin’s products performed in May:
Origin achieved several new integrations in May, including:
The momentum continues to build across Origin Protocol. With protocol revenue being allocated directly to xOGN holders and new opportunities emerging on Plume, the foundation for long-term growth is stronger than ever.
Visit Origin Protocol’s Snapshot Space to vote on proposals around OGN buybacks, and follow along on Twitter for the latest product updates, integrations, and campaign launches.
Stablecoins have become the backbone of everyday crypto—letting traders dodge volatility, letting savers move value across borders in seconds, and giving DeFi users a way to earn yield without watching charts all day.
Sky Protocol takes that idea one giant step further with USDS: the next-generation version of DAI.
USDS keeps the familiar 1-to-1 dollar peg you know and love, but it layers on native yield and fresh reward mechanics that make parking your stablecoins a lot more interesting. If you’ve been hunting for a place to earn solid, on-chain interest without sacrificing control of your funds, USDS staking is worth a close look.
Think of USDS as “DAI 2.0.” Just like DAI, it has decentralized governance and is crypto-collateralized, so you never rely on a bank or a single company to hold reserves or earn rewards. But USDS does more than simply hold its peg:
If you’re holding idle DAI, then upgrading to USDS unlocks better yields and fresh token incentives without giving up the decentralization you trust or taking on new smart contract risk. Pair that with full transparency and self-custody, and Sky Protocol’s take on stablecoin staking looks tough to beat. Connect your wallet, upgrade a little DAI, and watch your USDS balance (and SKY stash) start to grow.
That combo of decentralization, passive yield, and seamless opt-in upgrades makes USDS one of the most compelling stablecoins in DeFi right now.
Staking offers a powerful way to earn yields in crypto. You’re essentially paid for liquidity provision (providing assets to a liquidity pool). So how does the staking process work with USDS?
The beauty of Sky is that you don’t need a maze of complicated yield farms to put USDS to work; everything starts with two core modules:
Because both streams run simultaneously, a single USDS deposit can earn double rewards without extra clicks. You can get started staking USDS by upgrading your DAI to USDS stablecoins here. We’ll also go into more detail on how to stake below.
Mechanism | Current APY* | Payout Token |
Sky Savings Rate (SSR) | 4.50% | USDS |
Sky Token Rewards | 5.74% | SKY |
*Rates captured at publishing time (May 2025). They can change through on-chain governance.
These percentages may not look like the triple-digit yields you see splashed across Twitter, but they’re transparent, fully collateralized, and paid in real time—no impermanent loss, no hidden lockups, no centralized risk.
Why choose USDS over sticking with the classic DAI Savings Rate or a centralized exchange?
Put simply, USDS hits the sweet spot between DAI’s decentralization and the passive income people chase on centralized lending desks, minus the custodial headaches.
If you’re exploring even more ways to diversify your stablecoin earnings, check out Origin Dollar (OUSD). OUSD automatically earns yield by deploying stablecoins—including USDS from Sky Protocol—along with other top assets across DeFi, all while keeping your funds liquid and secure. It’s been growing in Ethereum wallets since 2020, with no staking, no lock-ups, and auto-compounding rewards delivered straight to your wallet. Click here to check it out.
Ready to try it? Here’s the two-minute tutorial:
That’s it. No yield-stacking gymnastics, no hopping between protocols, and no surprise lockups. To start actively participating in a platform that offers higher yield than many stables, simply supply USDS to the Sky Savings Rate, enter the amount you want to deposit, and watch your balance grow. This system helps validate transactions on the network while allowing you to earn rewards.
Remember, if you want an even easier way to earn passive yield on USDS, you can consider Origin Dollar (OUSD). OUSD automatically deploys assets like USDS from Sky Protocol to generate yield, all while keeping your funds liquid and in your control. Just hold OUSD in your wallet—there’s no staking, no lock-ups, and yield auto-compounds directly to your balance.
Welcome to Origin’s April Token Holder Update! This month, we’re excited to share major developments across our products, integrations, and OGN. From Origin’s upcoming deployment on Plume to our recently hosted event at Mar-a-Lago, April has laid the groundwork for important progress towards Origin’s next phase of adoption.
Let’s dive into what’s new:
In April, Origin hosted a private crypto event at Mar-a-Lago, bringing together prominent DeFi founders and investors from across the industry. The event was organized to build relationships and get closer to policymakers to bridge DeFi builders with decision-makers shaping staking, stablecoin, and DeFi regulation.
Strengthening these connections positions Origin and the broader DeFi community to have a voice in shaping the regulatory landscape around staking and crypto asset management in the United States. We’re thrilled that the new US administration has taken a positive stance towards crypto. The conversation was focused on building in America. Let’s make OGN great again!
Origin is coming to Plume.
Plume is a new blockchain built for RWAs, and Origin will be among the first yield protocols to go live on the network. This marks another step toward our goal of making Origin products accessible across the highest-potential ecosystems in DeFi.
For OGN holders, this deployment strengthens the token’s multi-chain footprint and positions Origin for further integration across Plume’s ecosystem of on-chain funds and real-world asset issuers.
Last month, we shared more information regarding Origin’s Gems allocation from Sonic Labs. These Gems will be distributed to users of Origin Sonic, adding extra upside to those participating in Sonic DeFi. We’ll share more soon about how to qualify.
Yield Forwarding adoption also continues to expand. The beS/wOS pool on SwapX now routes OS yield to LPs, increasing capital efficiency while strengthening liquidity. Behind the scenes, we’ve also begun development on new use cases for Yield Forwarding—this time, to create more lucrative opportunities in lending markets.
Here’s how Origin’s products performed in April:
Origin assets were integrated into multiple protocols this month, bringing new utility and higher rewards for LPs and DeFi users:
A reminder that the OGV → OGN token migration ends May 27th. If you haven’t migrated yet, you can do so in a few clicks on the Origin Dapp.
Origin is in the early stages of designing a new staking model that will tie protocol revenue more closely to OGN stakers. We look forward to sharing proposals for community feedback as development progresses.
Lastly, we’ve launched a new Token Terminal dashboard for Origin that tracks product performance and protocol-level revenue. This data is now available to analysts, reporters, and the broader DeFi community via partners like Messari and CoinDesk.
That wraps up the April update! Origin’s product suite continues to grow across chains, and OGN remains at the center of it — serving as the value accrual token for a protocol that is scaling real yield across multiple networks.
Want to dive deeper? Check out some recent updates:
As always, join our Discord to stay informed and chat with the team.
By Rafael Ugolini
Since its launch, the Sonic Gems program has emerged as a key driver of activity across Sonic. As part of this initiative, OS received a Gems allocation thanks to the traction we’ve built across Sonic — one of the most active new chains in the EVM landscape.
Many protocols have taken this as an opportunity to launch point systems. While that’s a reasonable strategy, we’ve decided to take a different approach.
At Origin, we’ve decided to wait until the actual S tokens from our Gems allocation are distributed before allocating them to our users. The current plan is to use 100% of our GEMs allocation to incentivize usage of OS across a wide range of top protocols we’re integrated with.
We've also confirmed with Sonic Labs that this strategy will not impact our eligibility for future seasons of Gems distribution. So we're not giving up long-term upside—instead, we're choosing a model that rewards users directly, with a clear alignment between incentives and protocol usage.
More details on how we’ll structure the distribution will be shared once we receive the S allocation. We’ll be ready to act when the time comes.
–
Rafael Ugolini
Origin Protocol
Welcome to Origin’s March Token Holder Update! This month, we’re highlighting the launch of OGN on Sonic, new integrations across Pendle and Silo, and continued growth in Yield Forwarding adoption. With new incentives, more swap routes, and Gems rewards coming soon, Origin continues to gain momentum as a key player in the multi-chain ecosystem.
As always, we’ll cover the latest on product yields, TVL, and protocol updates. Let’s get into it:
Origin Token (OGN) is now live on Sonic!
Last month, we bridged OGN to Sonic and seeded liquidity on the SwapX OGN/OS liquidity pool. OGN is now natively accessible on Sonic, allowing OS holders and the broader Sonic ecosystem to acquire OGN without needing to initiate cross-chain transactions.
Additionally, we launched the TriOGN pool on Curve. The pool pairs OGN with OETH and OUSD, bringing new liquidity to OGN. The pool supports Yield Forwarding from both OETH and OUSD, routing yield earned on both of these tokens to additional pool incentives for liquidity providers.
Last month, Origin Dollar upgraded to support Sky USD (USDS), the rebranded version of DAI. USDS is now earning yield through Sky, adding to the yield OUSD holders receive by passively holding OUSD in their wallets.
In addition to adding USDS as collateral, we’ve began work to support additional AMOs for Origin Dollar. These AMOs will support OUSD liquidity, farm rewards more efficiently, and support a tighter OUSD-USD peg.
Yield Forwarding has expanded how Origin’s yield-bearing assets can be used in DeFi. In March, several protocols integrated Yield Forwarding to leverage Origin’s yield tokens for higher capital efficiency on AMMs:
Last month, Origin received its Gems allocation from Sonic Labs. Gems are additional rewards that Origin will distribute to users of Origin Sonic, boosting their rewards potential for the S airdrop. Stay tuned for future announcements regarding how OS users can earn Origin’s Gems by using OS.
With additional OS swap routes added to the Origin Dapp, it’s now easier than ever to acquire OS. The Origin Dapp now supports Magpie’s DEX aggregator and the OS/S SwapX pool, optimizing swaps between liquidity pools and direct mints to give you the best rate.
Several protocols added support for Origin’s tokens in March, expanding the ways you can use our tokens in DeFi. Here are some of the top integrations from March:
Every month, we give updates on how Origin’s yield-bearing products have performed. Here’s the latest on yield and TVL for our multi-chain product suite:
That wraps up the March update! As our products expand across chains, the OGN DAO continues to unlock new value streams, increasing its exposure to high-growth ecosystems.
If you want to catch up on recent developments, check out these links:
As always, we invite you to join our Discord to meet the team and stay on top of what’s next.
