What is Origin DeFi (OGN/OUSD/OETH)?
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🟢 The simple version
Plain English — no jargon. Start here.
Origin DeFi offers OUSD (a dollar stablecoin whose balance automatically grows from DeFi lending yield) and OETH (an ETH yield token from LST staking), with OGN as the governance token — simply holding these tokens earns yield without any additional staking.
Rebasing yield tokens
OUSD: deposit USDC/USDT/DAI → receive OUSD → balance grows daily from Aave/Compound/Curve yield automatically. OETH: deposit stETH/rETH/cbETH/frxETH → receive OETH → balance grows from LST staking yield. No staking, no clicking, no manual claiming — yield accrues directly to wallet balance. November 2020 DOCUMENTED: OUSD flash loan exploit (~$7M stolen). Rebuilt security. ~1B OGN governance (covers Origin DeFi + Origin Story NFT marketplace). Is OGN legal in India? Yes. 30% tax, 1% TDS apply.
🟡 A bit more detail
For when you want to go a little deeper.
OUSD vs Lybra vs Ethena
OUSD: multi-source DeFi yield (Aave/Compound/Curve, diversified). Lybra eUSD: pure ETH staking yield (stETH, ~5-8%). Ethena USDe: ETH basis/funding rate (higher ceiling, market-dependent). OUSD's diversified sources provide more stable yield; Lybra's is purest ETH consensus; Ethena's has highest potential.
🟣 The full technical picture
For the technically curious.
Key facts
- OGN: ~1B governance
- OUSD: Rebasing dollar stable (DeFi yield)
- OETH: Rebasing ETH (LST yield)
- Nov 2020: ~$7M flash loan exploit (rebuilt)