TLDR of Origin’s Community Call - 02/02/2026

Community Calls
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1. OGN Buybacks & Staking

  • Buyback Milestone: The program has now bought back over 10% of the circulating OGN supply, totaling 68.3 million OGN.

  • In January alone, over 8 million OGN were bought back, funded entirely by protocol fees.

  • Staking remains strong with a ~20% APY for max-locked OGN. Nearly half the supply (49.6%) is now staked, locking it out of circulation.

2. OUSD Performance & Roadmap

  • Yield Increase: OUSD’s APY has risen by ~150 basis points over the past month, now consistently above 5%. This allows it to compete with leading yield-bearing stablecoins.

  • Phase 2 (Audit Pending): The upcoming upgrade will enable OUSD to deploy USDC natively across multiple chains to capture the best risk-adjusted yields on Morpho, all without users leaving Ethereum mainnet.

3. ARM Vaults & Market Dynamics

  • The stETH ARM has adapted to new market conditions (long deposit queues, stable pegs). While arbitrage opportunities are smaller, faster redemption cycles allow it to capitalize on minor discounts.

  • The ARM has consistently outperformed native stETH yields, with some days in double-digit APY over the past week.

  • An ARM/OETH Curve pool with Pool Booster is live, offering LPs double-digit ETH-denominated APR. This provides 100% ETH exposure while earning boosted yield.

4. Borrow Booster Markets Update

  • Mainnet OETH/USDC Market: Offers an exceptional negative 7.8% net borrow rate, meaning users are paid ~7.8% APY to borrow USDC which is effectively a free ETH long.

  • Base superOETHb/USDC Market: Offers a 0.43% net borrow rate.

  • Leverage Looping: All major markets (Morpho & Compound on Ethereum and Base) are supported by Contango for easy leverage looping.

5. Ecosystem & Integrations

  • New Curve Pools with Pool Booster: A major focus on bootstrapping sustainable on-chain liquidity.

    • OUSD/frxUSD Pool: Live and yielding up to ~25% APR. It combines yield from OUSD’s Morpho strategy and frxUSD’s tokenized treasury backing.

    • Upcoming Pools: Announcements for new OUSD pools with Yield Nest’s ynRWAx and crvUSD are scheduled for the end of the week.

6. Special Guest: Frax Finance

Watch the full call: https://www.youtube.com/live/_E6SxCYcL9M?si=DTrj-sMuYoezQdoQ&t=320

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