Welcome, crypto enthusiasts! Are you ready to discover how you can earn yield passively with a new revolutionary stablecoin? Meet Origin Dollar (OUSD), the first stablecoin that earns a yield while it's still in your wallet. Built by the innovative team at Origin Protocol (OGN), OUSD is set to transform the way we think about stablecoins and passive income in the crypto space.

What is Origin Dollar (OUSD)?

Origin Dollar (OUSD) is a stablecoin designed to provide users with a passive income stream while they hold it in their cryptocurrency wallets. Unlike traditional stablecoins, OUSD does not require users to stake or unstake their tokens to earn yields. Instead, OUSD automatically and passively generates yields for its holders, making it a unique and attractive option in the decentralized finance (DeFi) space.

Key Features of OUSD

1. Passive Yield Generation: OUSD allows users to earn yields passively without the need for active management or participation in DeFi protocols.
2. No Staking Required: Users can earn yields without staking or locking up their funds, providing greater flexibility and accessibility.
3. Smart Contract Automation: OUSD utilizes smart contracts to deploy underlying capital to a diversified set of yield-earning strategies, automatically rebalancing over time to achieve strong yields while diversifying risk.
4. DeFi Integration: OUSD is designed to be a critical building block in the DeFi ecosystem, powering multiple mainstream consumer and merchant applications.

Market Data and Performance

Let's take a closer look at the current market data and performance of Origin Dollar (OUSD):

• Current Price: $1.0004
• Market Cap: $12,005,671.40
• 24h Price Change: 0.10%
• 7d Price Change: 0.30%
• 30d Price Change: 0.28%
• 24h High: $1.0029
• 24h Low: $0.9990
• All-Time High: $1.8444 (2021-06-18)
• All-Time Low: $0.0821 (2020-11-17)
• Circulating Supply: 12,001,101.00
• Total Supply: 12,001,101.00

The Purpose and Utility of Origin Dollar (OUSD)

Solving Key Problems in the Crypto Space

The Origin Dollar (OUSD) crypto token is designed to address several key issues in the cryptocurrency and DeFi space:

1. Passive Income: OUSD provides users with a simple and accessible way to earn returns on their digital assets without the need for active management or participation in DeFi protocols.
2. Simplified Payment Rails: OUSD aims to simplify cryptocurrency payment rails, making them superior to existing credit/debit cards and mobile payments that rely on fiat currencies and centralized systems.
3. DeFi Building Block: OUSD is a critical DeFi building block and money lego, powering multiple mainstream consumer and merchant applications.

How OUSD Functions Within Its Ecosystem

OUSD is designed to automatically and passively provide users with the opportunity to earn a yield without requiring them to stake/unstake or provide liquidity to underlying DeFi protocols. This is achieved through the use of smart contracts that deploy the underlying capital to a diversified set of yield-earning strategies, automatically rebalancing over time to achieve strong yields while diversifying risk.

Unique Features and Benefits

1. Automatic Yield Generation: OUSD automatically generates yields for its holders, making it a unique and attractive option in the DeFi space.
2. Versatility: OUSD can be used across a wide range of applications, including staking, peer-to-peer commerce, and as a building block for DeFi applications.
3. Focus on NFTs and DeFi: The Origin Platform's focus on NFTs and DeFi sets it apart from other cryptocurrency projects, aiming to bring these cutting-edge technologies to the masses.

Tokenomics and Distribution Model

Total Token Supply and Circulating Supply

The Origin Dollar (OUSD) crypto token has a total token supply of 4 billion OGV, with a circulating supply of 859,782,377 OGV.

Distribution Model

The distribution model of OUSD involves a well-structured allocation to ensure fair distribution and long-term sustainability:

1. Retroactive Rewards for OUSD Holders: 400M OGV tokens are allocated for retroactive rewards to OUSD holders, calculated pro-rata per block. Holders since January 2021 can claim veOGV (locked and nontransferable version of OGV).
2. Team Tokens: Team tokens are locked at launch and unlock annually over 4 years. The team locks the majority of their OGV holdings for the maximum available time.
3. DAO Holdings: DAO holdings unlock gradually over 4 years to fund various initiatives such as liquidity mining campaigns, partnerships, and new projects.

Mechanisms to Control Inflation

To control inflation, OUSD has introduced several mechanisms:

1. Coin Burning: A deflationary mechanism that permanently removes tokens from the maximum supply, thereby reducing the total supply and increasing the value of circulating tokens.
2. Staking Rewards: The protocol collects 10% of the yield generated by OUSD as a protocol fee, which is used to buy back OGV on the open market to be distributed as additional rewards for stakers.

The Team Behind Origin Dollar (OUSD)

Core Team Members

The team behind Origin Dollar (OUSD) consists of experienced professionals with diverse backgrounds in blockchain, technology, and entrepreneurship. The core team members include:

1. Nic Cary: Co-Founder and Board Member at Blockchain.com. Nic is responsible for bringing new adopters into the crypto ecosystem and has a strong background in technology and entrepreneurship.
2. Peter Smith: Chief Executive Officer and Co-Founder of Blockchain.com. Peter is a World Economic Forum Technology Pioneer and a recognized authority on cryptocurrencies.

Track Record and Experience

The team has a strong track record in the crypto space, with successful projects and partnerships. Origin Protocol, the company behind OUSD, has raised over $38M from top crypto venture firms and has powered multiple record-breaking NFT sales. The team's experience in big tech companies such as PayPal, YouTube, Instagram, Coinbase, Tesla, Lyft, 1inch, and Dropbox provides them with the necessary skills and knowledge to navigate the complex world of blockchain and cryptocurrencies.

Commitment to Security and Transparency

The team is committed to offering the best risk-adjusted yield on stablecoins and ensuring the security and robustness of the protocol. They have implemented rigorous security measures, including extensive internal and external auditing, open-source smart contract code, and a $250,000 bug bounty offered through Immunifi.

Conclusion

Origin Dollar (OUSD) is a revolutionary stablecoin that offers users a passive income stream while holding it in their wallets. With its unique features, strong team, and commitment to security and transparency, OUSD is set to transform the way we think