# TLDR of Origin’s Community Call - 03/02/2026 **URL:** \ **Category:** Community Calls\ **Created:** [March 2, 2026, 7:04pm UTC](https://governance.originprotocol.com/t/tldr-of-origin-s-community-call-03-02-2026/216 "2026-03-02T19:04:26Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![Zyaad](https://yyz1.discourse-cdn.com/flex033/user_avatar/governance.originprotocol.com/zyaad/32/27_2.png) [@Zyaad](https://governance.originprotocol.com/u/Zyaad)\ **Post date:** [March 2, 2026, 7:04pm UTC](https://governance.originprotocol.com/t/tldr-of-origin-s-community-call-03-02-2026/216/1 "2026-03-02T19:04:26Z")
# **1. OGN Buybacks** - **Buyback Update:** The program has now bought back over [76 million OGN](https://www.originprotocol.com/ogn), representing 11.5% of the circulating supply. All buybacks are funded entirely by protocol fees from OETH, OUSD, and ARM Vaults, and other Origin products. - **February Buybacks:** ~8.5 million OGN were bought back in February alone, putting the program on pace for over 100 million OGN per year at current protocol performance. - **Staking Rewards:** ~50% of the circulating supply is currently staked (xOGN). Max-locked OGN is earning ~17% APY with no new token emissions, all yield is funded by OGN Buybacks. # **2. OUSD Performance & Expansion** - **Strong APY:** OUSD’s 30-day APY is hovering in the 5.6% range, consistently outcompeting many similar low-risk yield-bearing stablecoins. - **Base Expansion Now Live:** OUSD’s Phase 2 upgrade is live and capital is now allocated to Morpho markets on Base in addition to Ethereum mainnet. About 25% of collateral is currently deployed on Base. Users still hold OUSD on Ethereum mainnet; yield is captured cross-chain. - **AMO Rebalancing Focus:** Increased emphasis on peg management and AMO rebalancing for OUSD. Onchain liquidity is expanding with new curve pools already accumulating over $3M TVL. # **3. ARM Vaults (stETH ARM & eETH ARM)** - **Strong February Performance:** Market volatility boosted ARM arbitrage yields significantly. The staked eETH ARM closed February in the 7% APY range which is roughly 3x the yield of simply holding a liquid staking token with a similar risk profile. - **eETH ARM:** The eETH ARM opened for deposits ~2 weeks ago and has already attracted over $2M in TVL. The 30-day average APY is ~6.8%, with a peak single-day APY of 30% on February 7th. - **Upcoming Morpho Listings:** Several Morpho curators are considering listing the ARM Vault token as collateral. At ~7% ARM yields, an ARM Morpho Market would enable double-digit ETH yields with a few loops. # **4. Ecosystem & Integrations** - **[superOETH/USDC Morpho Market](https://app.morpho.org/base/market/0x67a66cbacb2fe48ec4326932d4528215ad11656a86135f2795f5b90e501eb538/superoethb-usdc?subTab=activity):** Net borrow rate of -2.67% (native rate 4.74% offset by superOETH yield of 6.42% + 1% OP rewards). - **[OETH/USDC Morpho Market](https://app.morpho.org/ethereum/market/0xb8fef900b383db2dbbf4458c7f46acf5b140f26d603a6d1829963f241b82510e/oeth-usdc):** Net borrow rate of -6.27% (native borrow rate of 3.58%, OETH yield of 9.76%. A single loop nearly doubles OETH yield; five loops can approach 4x) - **[Leverage via Contango](http://c/strategies/leveraged-staking/eth?selectedChains=1%2C10%2C56%2C100%2C137%2C8453%2C42161%2C43114%2C534352%2C59144):** All Borrow Booster markets on Morpho are supported on Contango for easy one-click leverage looping. Auto-deleverage protection is optional on Morpho to automatically unwinds positions if they approach liquidation thresholds. - **[New Morpho Market for wOUSD](https://app.morpho.org/ethereum/market/0xad656d430bb3d8c1469bf45c8ad4ebae1b04be04757c69fa424eec78d7b3f4dc/wousd-usdc):** For the first time, wrapped OUSD can be used as collateral to borrow USDC at ~3.01%. Auto-deleverage is not yet available but has been requested. Contango support coming in the next few weeks. - **4 New OUSD [Curve Pools](https://www.curve.finance/dex/ethereum/pools/?search=ousd) Launching:** New pools incentivized this epoch include: OUSD/eUSD, OUSD/USDe, OUSD/pmUSD, and OUSD/avUSD. # **5. Product Updates: OETH Compounding Validators Update** - **Why Compounding Validators:** Origin is migrating OETH’s native staking infrastructure to EIP-7251 compounding validators. This condenses the validator set for better performance and enables partial withdrawals, eliminating the need to fully exit validators. - **Current Status:** 3 compounding validators are ready; a 4th comes online next week. Initial capacity is ~8,000+ ETH (~$16M). Full migration targeted for early June. - **Benefits:** More frequent yield distribution, simpler partial withdrawals, and improved validator performance. The Ethereum Foundation showed interest in Origin’s approach at ETHDenver. # **6. Special Guest: [EtherFi](http://ether.fi/)** Watch the full call: [https://www.youtube.com/watch?v=QDKOK5szb\_8](https://www.youtube.com/watch?v=QDKOK5szb_8) ---
**Author:** ![Sixty](https://yyz1.discourse-cdn.com/flex033/user_avatar/governance.originprotocol.com/sixty/32/84_2.png) [@Sixty](https://governance.originprotocol.com/u/Sixty)\ **Post date:** [March 11, 2026, 4:47pm UTC](https://governance.originprotocol.com/t/tldr-of-origin-s-community-call-03-02-2026/216/2 "2026-03-11T16:47:17Z")
> [@Zyaad](#): > > **Base Expansion Now Live:** OUSD’s Phase 2 upgrade is live and capital is now allocated to Morpho markets on Base in addition to Ethereum mainnet. About 25% of collateral is currently deployed on Base. Users still hold OUSD on Ethereum mainnet; yield is captured cross-chain. Hey @Zyaad, where can I learn about how Origin captures yield cross-chain and how you distribute it to wOUSD holders? Also when are community calls usually held? ---
**Author:** ![Zyaad](https://yyz1.discourse-cdn.com/flex033/user_avatar/governance.originprotocol.com/zyaad/32/27_2.png) [@Zyaad](https://governance.originprotocol.com/u/Zyaad)\ **Post date:** [March 11, 2026, 5:19pm UTC](https://governance.originprotocol.com/t/tldr-of-origin-s-community-call-03-02-2026/216/3 "2026-03-11T17:19:19Z")
Hey @Sixty, OUSD generates yield through curated strategies across protocols like Morpho and Curve. You can check out our docs for more [details](https://docs.originprotocol.com/yield-bearing-tokens/origin-dollar-ousd) on that. Also, our community calls are hosted on our [X account](https://x.com/originprotocol) on the first Monday of each month at 12 PM ET. And if you haven’t already, feel free to join our [Discord](https://originprotocol.com/discord) and share any questions you might have there.