1. OGN Staking & Buybacks
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OGN buybacks have reached 61 million total, with over 13 million bought back in December alone. Total buybacks equate to 9.2% of the circulating supply.
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Nearly 50% of the total OGN supply is now staked.
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Staking APY remains high, offering over 20% for tokens locked at the maximum duration.
2. ARM Vaults Expansion
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New ARM vaults for Ether.fi and Ethena’s USDe (first stablecoin ARM) are in private beta and can be viewed on our analytics page.
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A new Curve pool for the wETH/ARM LP token has launched with Pool Booster enabled, offering an estimated 27-68% APY.
3. OETH Staking Upgrade Completed
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The upgrade to the new 0x02 validator architecture is fully live and audited.
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Key benefits: No oracle reliance (uses on-chain Merkle proofs), improved security, auto-compounding, partial withdrawals, and faster exits.
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Four new validators are live, but migration of existing ETH is paused due to high entry queue times.
4. Ecosystem & Integrations
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Morpho Borrow Booster: Markets on Ethereum and Base continue to offer negative or near-zero borrow rates, meaning users can be paid to borrow USDC against OETH.
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Contango Integration: The Borrow Booster markets are now integrated with Contango, simplifying leveraged strategies.
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New Pendle Markets: New markets for OETH and the Lido ARM are live with a June expiry.
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ARM Listings: ARM LP tokens are now listed on CoinGecko and the Origin ARM is recognized as a DEX on the site.
5. OUSD Overhaul with Yearn Finance
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Phase 1 Complete: OUSD is now fully backed by USDC, simplifying its design. All USDC is allocated between a Morpho vault (curated by Yearn for yield) and the Curve pool (for deep liquidity).
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Phase 2 (Multi-chain Yield Expansion): Development is underway to deploy OUSD’s backing USDC across high-yield opportunities on other chains (e.g., Base, Hyperliquid) while keeping the token on Ethereum, socializing the best cross-chain yields to all OUSD holders.
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Pool Booster Flywheel: A system is being activated to use Curve’s Pool Booster, which will allow other projects to bootstrap liquidity by pairing with OUSD more efficiently than with USDC, creating a sustainable incentive flywheel.
6. Watch the full call: https://www.youtube.com/watch?v=q-x4gru1u_o