Proposal to list OGN as an asset available for supplying and borrowing
For: List OGN
Against: Do nothing
OGN is the governance and ecosystem token for Origin Protocol and Origin Dollar (OUSD). Origin Protocol is a protocol for peer to peer commerce and has released a suite of commerce products including Dshop and the Origin Marketplace. OUSD is a yield-aggregating rebasing stablecoin backed by USDT, USDC, and DAI designed to be a currency that further powers peer-to-peer transactions. It is a stablecoin and serves as a medium of exchange and unit of account while also earning yield for buyers and sellers that use it as a means of transaction. OUSD suffered a hack shortly after launch but has successfully relaunched after multiple completed security audits. The Origin team stands by their products and has committed to compensating affected OUSD users, which is unusual in DeFi.
OGN was previously listed on Harvest as a staking asset via popular vote. OUSD was listed on SushiSwap for LP rewards and SnowSwap for staking rewards.
OGN has a very large and established community (over 500k members) as well as a diverse investor base. Investors include Steve Chen (founder, YouTube), Alexis Ohanian (founder, Reddit), Garry Tan (partner, Y Combinator), Justin Blau (DJ 3LAU), Foundation Capital, Pantera Capital, Blockchain.com, and KBW Ventures (headed by Saudi Prince Khaled bin Alwaleed). Adding OGN as a collateral asset on Cream will join the two communities and encourage OGN holders to become Cream users and CREAM holders. The Origin team has committed to publicly marketing and promoting the Cream suite of products.
- Standard ERC-20 token.
- Metrics available on the OGN Token Dashboard
OGN is listed on Binance (margin enabled), Huobi (margin enabled), Bittrex, Upbit, and many other exchanges. Daily trading volume averages to $12,716,228 over the last 6 months according to Coinmarketcap. OGN currently has > $400k liquidity on Uniswap.
Origin Token (OGN) was included in a Nov 2018 audit by Trail of Bits.