Origin Protocol: 100% of protocol revenue will be distributed directly to OGN stakers

PANews reported on June 5 that Origin Protocol, a multi-chain yield DeFi project, announced in its official blog that after the successful passage of the latest governance proposal, 100% of its protocol revenue will now be used to repurchase OGN and distribute it to xOGN holders. This move will align Origin's growth with xOGN. As protocol revenue grows, OGN stakers will also benefit accordingly. A series of OGN buybacks will be launched soon to convert protocol revenue into OGN. These buybacks will be ongoing, measurable and public. No new issuance will be generated, and no inflation will be generated - only sustainable returns from protocol revenue. In addition, it is proposed to use assets from the DAO treasury to promote OGN staking, which aims to add more than $3 million in buying pressure to OGN in the form of buybacks. OGN buybacks will begin before July 4.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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