Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Origin Protocol: OGV will be merged into OGN, and native LST is planned to be launched on other EVM compatible chains

Origin Protocol: OGV will be merged into OGN, and native LST is planned to be launched on other EVM compatible chains

CointimeCointime2024/04/03 04:01
By:Cointime

Multi-chain yield DeFi project Origin Protocol has announced its product roadmap and token economics improvement plan. Among them, the OGN and OGV merger proposal aims to integrate all of Origin's product suite with a single governance and value-accumulating token, OGN. The Origin Treasury will lock all converted OGN (from the OGV merger) as voting escrowed OGN to ensure that the circulating supply of OGN does not increase significantly in the short term. OGV holders and veOGV stakers will have one year to convert their assets into OGN and voting escrowed OGN, respectively. The voting deadline is 08:00 on April 10th.In addition, Origin Protocol will launch native LST on other EVM compatible chains and recently partnered with Chainlink CCIP to introduce OETH to Layer2. Origin Protocol will launch wrapped OETH (wOETH) on Arbitrum in April.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Community Votes on Payment Proposal for Developer Contributions

In Brief The Terra Luna Classic community is voting on a payment proposal for developer Frag. Proposals aim to improve governance through SubDAO and maturity mechanisms. The community remains divided on the implications of developer payments.

Cointurk2025/03/21 16:22
Community Votes on Payment Proposal for Developer Contributions