Summary:
Proposal to add OUSD/iUSD to the Gauge Controller.
References/Useful links:
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Website: https://www.originprotocol.com
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Documentation: https://docs.originprotocol.com/
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Discord: https://originprotocol.com/discord
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Curve Pool: https://www.curve.finance/dex/ethereum/pools/factory-stable-ng-658/deposit
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Gauge Vote: https://www.curve.finance/dao/ethereum/proposals/1307-ownership
Protocol Description:
Origin Protocol is a suite of complimentary DeFi products designed to increase economic opportunity for all. These permissionless and composable smart contracts provide superior user experiences across DeFi in a groundbreaking multichain yield ecosystem.
Motivation:
Origin Protocol is heavily involved in the Curve ecosystem with pools paired with Origin tokens collectively holding more than $175-million in TVL.
We are planning on continuing to support more pools paired with OETH and OUSD and enabling Pool Booster to direct more yield to LPs. We will seed some liquidity and deposit incentives to help attract new LPs.
Specifications:
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Governance: Origin tokens are governed by xOGN holders with any upgrades to the contracts being time-delayed by a 48-hour timelock.
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Oracles: Where available, Origin uses Chainlink to secure the protocol from pricing attacks.
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Audits: Our code is well audited with OpenZeppelin auditing the latest changes to add Yield Forwarding to our codebase.
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Centralization vectors: OUSD is a decentralized stablecoin backed by USDC deposited in strategies on Morpho and Curve.
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Market History: OETH was launched in 2023 and currently has more than $150M in TVL. OUSD was launched in 2020 and currently has $5M in TVL.
Vote:
You can vote for the OUSD/iUSD gauge here.
Thank you for your support!