1. Origin’s data on Bloomberg
- B1 Filing: Origin’s B1 is filed with Blockworks, making Origin data discoverable via Bloomberg terminals worldwide. Token economics and OGN protocol metrics are now included.
- Blockworks Dashboard: New metrics and activity dashboard live for Origin on Blockworks.
2. OGN Buybacks & Staking
- Cumulative Buybacks: Almost 112 million OGN bought back from the open market to date. All funded by protocol fees.
- Staking APY: Max-locked OGN currently earns 10.6% APY.
- Supply Staked: 47% of supply is currently staked as xOGN.
3. WETH ARM Growth
- TVL: Around $8 million, now roughly the size of the stETH ARM.
- APY: ~4% on a 30-day average; 3.8% annualized net of no impermanent loss.
- Cumulative Volume: $131 million in trading volume, with a single-day high of $10 million — more than the vault holds.
- Asset Coverage: Acquires stETH, wstETH, eETH, and weETH, versus prior ARMs limited to the non-wrapped version only. Larger total addressable market.
- Mechanics: Single-sided WETH liquidity. No impermanent loss and no leakage to external arbitrageurs or MEV bots.
4. OETH Migration Complete
- Status: Migration to compounding validators is fully complete. All staked ETH now earns through compounding validators.
- Benefits: Compounds in one ETH increments, removing the nine-day wait. Partial withdrawals remove the need to exit a full validator when someone leaves.
- Security: Merkle proofs on deposit validate withdrawal credentials of staked balances.
- Capacity: 13 compounding validators live, each capable of holding just over 2,000 ETH with roughly 26,000 ETH of capacity.
5. OUSD Yield
- 7-Day Trailing: 6.5% APY, steady for one to two weeks.
- 30-Day Trailing: 5.7% APY, up from a prior range of 5–5.5%.
- Allocation: Distributed across Ethereum, Base, and Hyperliquid, primarily in Morpho markets. Constant rebalancing toward the highest yield.
- Driver: More bullish market conditions and increased borrowing leverage.
6. Ecosystem & Integrations
- OpenCover – New Covered Vaults
- New Vaults: Coverage now supports the Ethena sUSDe ARM and the multi-asset ETH ARM.
- Mechanics: No duration or amount selection. Deposit the full amount into Open Cover and receive a receipt token representing the coverage.
- Capacity: 509 ETH on the WETH ARM and around $1.3 million for sUSDe ARM.
- Morpho Markets
- superOETHb/USDC: Negative 1.87% meaning collateral depositors earn from their borrow position thanks to borrow booster.
- OETH/ USDC: Net borrow rate under 1%, making it the cheapest option to borrow against ETH collateral on mainnet at scale.
- superOETHb/WETH: Borrow rate at 2.02% against a Super OETH yield of ~2.83%, leaving room to loop until utilization reaches 91%.
- wOUSD / USDC: Borrow rate is 5.5%, making leverage looping profitable at the current rate based on OUSD’s latest yield numbers, though the market is nearing the threshold.
Watch the full call: https://www.youtube.com/watch?v=uvBIf9GEKFg