Research Summary
The report discusses the strategic pivot of Origin Protocol into a decentralized finance (DeFi) powerhouse. It highlights the potential of Origin’s tokens, $OGV and $OGN, and their new product offerings, OETH and OUSD. The report also hints at a new value accrual mechanism for $OGN.
Key Takeaways
Origin’s Transformation into a DeFi Powerhouse
- Origin’s Evolution: Origin Protocol has transformed its tokens, $OGV and $OGN, into significant players in the DeFi space. $OGN saw a 20x increase in the 2021 bull market, while $OGV, the value accrual and governance token for Origin DeFi, entered the scene in 2022 with a $110M+ TVL ecosystem.
- New Product Offerings: Origin Protocol has hinted at a new product for $OGN that could boost its tokenomics. The new product will integrate with their existing OETH and OUSD offerings, positioning Origin as a DeFi powerhouse.
Interoperability of OUSD and OETH
- Integration Possibilities: The report suggests that the integration possibilities for OUSD and OETH are vast. These tokens could be used across chains, powering AMM transactions, and revolutionizing NFT bidding pools for enhanced capital efficiency.
Value Accrual and New Frontiers
- Value Accrual Mechanisms: Origin revamped the value accrual mechanisms for $OGV last October, leading to a 100% price appreciation. The report suggests that a similar strategy could be successful for $OGN.
- Exploring New Frontiers: The report hints at a potential CCIP integration and possible launches on OP, ARB, and/or BASE. This could open up new avenues of growth and strengthen Origin’s market position.
Focus on DeFi and NFTs
- Dual Focus: Origin Protocol initially built OGN with a focus on the NFT market. However, the report suggests that the strategic pivot is to expand OGN’s exposure to DeFi, while continuing to leverage the success of the NFT market.
Track Record of Excellence
- Proven Track Record: The Origin team’s success stories and foundational roots in the Ethereum ecosystem set them apart. The team, led by entrepreneurs with experience at Google, YouTube, Dropbox, and PayPal, has a proven track record of innovation.
Actionable Insights
- Monitor Origin’s New Product Launch: Keep an eye on the launch of Origin’s new product for $OGN. If it successfully boosts tokenomics and integrates with OETH and OUSD, it could significantly strengthen Origin’s position in the DeFi space.
- Assess the Impact of Interoperability: Evaluate the potential impact of the interoperability of OUSD and OETH. Their seamless use across chains could revolutionize AMM transactions and NFT bidding pools.
- Track Origin’s Strategic Pivot: Monitor Origin’s strategic pivot to expand OGN’s exposure to DeFi. This could provide insights into the future direction of the DeFi and NFT markets.
