TLDR of Origin’s Community Call - 04/06/2026

Community Calls
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1. OGN Buybacks & Staking

  • Cumulative Buybacks: Over 83 million OGN bought back to date, representing 12.5% of circulating supply. All funded by protocol fees.

  • 2026 Pace: 23M+ OGN bought back since January 1st alone. We are on pace for ~90 million OGN for the full year, nearly doubling the total from all prior years combined.

  • Staking: ~50% of circulating supply currently staked as xOGN, earning buyback-funded yield with no new token emissions.

2. Ecosystem Integrations

  • Morpho Markets:

    • wOUSD/USDC: Wrapped OUSD can now be used as collateral to borrow USDC at ~3.74% which is below OUSD’s current ~5.1% yield, meaning positive-carry looping is possible. IPOR strategy vault coming soon to automate the loop.

    • stETH ARM & eETH ARM Markets: ARM LP tokens can now be used as collateral to borrow wETH at ~2% borrow rate.

  • Curve OUSD Pools:

  • Open Cover:

    • Origin’s stETH ARM is the first ETH product listed on Open Cover’s new continuous coverage primitive.

    • How it works: hold the ARM LP token → opt in once → insurance cost deducted automatically from yield. No duration to select, no renewal needed. ~683 ETH in available capacity currently.

3. Product Updates

  • OETH: Compounding Validator Migration

    • Progress: Over 27% of staked ETH already migrated to compounding validators. Full migration targeted by end of Q2.

    • What Makes It Unique: OETH is one of the first LSTs using EIP-4788 for trust-minimized, oracle-free validator accounting meaning validator balances verified onchain via Merkle proofs rather than relying on a third-party oracle.

    • Benefits: Auto-compounding validators allow for partial withdrawals without full exits and faster capital redeployment

  • OUSD: HyperLiquid Expansion

    • 30-Day APY: ~5.1%, sourced cross-chain from three environments simultaneously: Ethereum, Base, and now HyperLiquid (wHYPE/USDC and kHYPE/USDC markets). Holders earn the best available yield with zero action required.

    • What’s Next: IPOR looping vaults for the wOUSD Morpho market in the works which will enable one-click leverage on OUSD yield coming soon.

4. More From This Month:

  • New Origin DApp UI: history tab now shows historical APYs and rebase events.

  • New website live at originprotocol.com and analytics page refresh is next.

  • Rafael attended DAS NYC + Ethereum Foundation event. Key takeaway: strong institutional interest in ARM as a liquidity layer for RWA and tokenized fund providers who lack atomic liquidity. ARM’s multi-billion dollar trading volume metric is a compelling proof point.

5. Special Guest: KPK

  • KPK curated both new ARM Morpho markets into their ETH yield vault. Their view: on a yearly average, ARM is strong collateral that outperforms despite volatile individual days.

Watch the full call: https://www.youtube.com/watch?v=yUzumSl6lYs

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