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.
