Origin Protocol (OGN) Review
Origin’s NFT Launchpad single-drop gross sales record of over $11.7 million was also a new record. As of January 2021, the value of transactions using NFTs rose to an all-time high of $80 million. Fungible payment currencies, like OUSD, are used to access several billion-dollar possibilities with the use of NFTs.
What Solutions Is Origin Protocol Trying To Bring?
An incredible amount of money will be unlocked as a result of a combination of peer-to-peer trade and decentralized finance (DeFi). The Origin Protocol will simplify the process for the general public to earn DeFi yield. Yields of 10-100 times (10-20%) should be earned by investors and lenders who hold what is now supplied by existing banking systems. While individuals should have better access to credit to support their investments, companies, and other operations, companies will be able to benefit from looser lending conditions.
To allow crypto payments to permeate and grow further, new payment rails should be created that are better than current credit and debit cards and mobile payment systems that use fiat currencies and centralized systems. To create beneficial financial possibilities, it is critical for consumers and merchants to adopt cryptocurrency and blockchain technology.
It must occur with frictionless and uncomplicated procedures that stand in marked contrast to today’s DeFi devices. In order to provide makers and consumers of NFTs with a platform, Origin Protocol seeks to achieve success. A very important DeFi building element is the Origin Dollar (OUSD). Within the next few years, this will power several mainstream consumer and commercial applications for the greater good.
What Is The OGN Token?
The Origin Token (OGN) is the token for the Origin Platform and a suite of products that drive governance and the allocation of wealth. OGN token holders will be able to participate in protocol governance via the creation and voting on of proposals. Additionally, this may include new kinds of yield-earning methods to/from your portfolio.
Origin Protocol NFT Ecosystem
The features Origin Protocol is planning to implement in the NFT ecosystem will also provide holders access to digital content and services. A concrete example would be that content producers may instead distribute their material free of charge with the use of NFTs. Gamers who have bought NFTs may have access to premium content such as unreleased music, music videos, or video material that has yet to be published.
Origin Is Leading The Way In Limited Edition NFTs
NFTs may be much more valuable if the process of NFT issuing is made simple and easy for users. Using Origin’s commerce platform, gross sales of around $11.7 million were produced during the initial campaign. There is a significant, currently unexplored, market for selling premium, limited-edition products, and services via the internet and in-store. Origin intends to take a leading position in this industry.
How The Origin MarketPlace Works
True price discovery of NFTs and the maturity of this fledgling market are greatly enhanced by secondary market sales. The Origin team has over four years of expertise in establishing a marketplace based on peer-to-peer systems. Origin wants to be the leading NFT marketplace and derive revenue from the sale of NFTs in cooperation with partner developers.
By using secondary market sales, NFT producers will be able to better monetize their inventions over a longer period of time. As programmatic transaction fees related to NFTs are introduced, artists will benefit from more value capture.
Secondary market sales will continue to earn money for the NFT developer for as long as they are sold. NFTs as a whole will be served, with the platform being feature-rich and decentralized. Origin, the team behind the NFT platform and ecosystem, aspires to establish a complete platform and ecosystem. This decentralized system will underlie the NFT markets.
What Is The OUSD Token?
Since yields may be earned over fundamental DeFi protocols without needing to stake or unstake, users do not need to contribute liquidity to obtain such yields. You will earn interest on your OUSD holdings, which compound as you hold onto the digital currency.
Currently, OUSD’s annualized returns range between 20% and 150%. Your underlying crypto is deployed to a wide range of income-generating methods, with the contracts adjusting your portfolio’s risk and reward across time.
OUSD is an excellent use case for DeFi, without all the complicated aspects often connected with being paid to lend or provide liquidity to AMMs. The Origin Dollar is the first cryptocurrency stablecoin that offers yield for free in any digital currency wallet.
Make Yield By Lending
DeFi lending systems provide consumers with the opportunity to loan and borrow crypto assets without the intervention of third parties. Lenders receive interest, while borrowers deposit crypto as collateral to get loans. These two loan firms, Compound and Aave, have established track records, audited smart contracts, and a demonstrated track record. Over-collateralization is paired with procedures that govern liquidations, giving lenders enough protection to feel comfortable about lending.
Make Yield By Market Making
With the development of automated market makers (AMMs), automated trading has fast become the favored method of decentralized exchange. By paying trading fees, liquidity providers are paid when other users trade tokens. Pro-rata fees are allocated to USDT-USDC pair liquidity providers, who are allocated a proportion of overall liquidity on the USDT-USDC pair depending on their overall contribution.
USDT, USDC, and DAI are routed to highly-performing liquidity pools using the OUSD protocol, which uses trade volume and pays tokens to select the best-performing pools. Additional yield is provided in the form of stablecoins to OUSD holders.
Not only will the additional incentives that are being given out by the DeFi protocols be collected and accrued interest, but Origin intends to automatically claim and convert them as well.
There are incentives for retailers to accept cryptocurrencies, and the OUSD plays a role in that. When OUSD users increase, retailers will also begin to accept OUSD. Payment rails are progressively being replaced by network effects, especially when they impact both online and physical sales.
The short-term target audience for OUSD includes those who have not yet made an investment in DeFi. By going after this massive audience of present P2P and payment system users, a far greater potential is available.
Bringing peer-to-peer trade using NFTs and decentralized finance to the public will be a fresh emphasis and purpose for the organization moving forward. Origin’s products will bridge the gap in the next few years, and its long-term aspirations are to bring hundreds of millions of people into the Origin ecosystem by utilizing their Origin-based protocols.
Further Origin Protocol Information
- Origin Protocol
- Price $0.148
- Market Cap