Proposal to add OGN/OETH/OUSD to the Gauge Controller

Gauge Proposals
#1

Summary:

Proposal to add OGN/OETH/OUSD to the Gauge Controller.

Origin Protocol recently launched Yield Forwarding for OUSD and OETH. This feature enables the use of our new Pool Booster module that will receive yield earned from OUSD and OETH deposited in a Curve pool and deposit those as incentives on the pool to increase liquidity and improve LP earnings. We plan to enable Yield Forwarding and Pool Booster on this pool, directing yield earned from a large portion of this pool to LPs via emissions.

References/Useful links:

Protocol Description:

Origin Protocol is a suite of complimentary DeFi products designed to increase economic opportunity for all. These permissionless and composable smart contracts provide superior user experiences across DeFi in a groundbreaking multichain yield ecosystem.

Motivation:

Origin Protocol is heavily involved in the Curve ecosystem with OGN, OUSD and OETH pools collectively holding more than $38-million in TVL.

We believe that a gauge for OGN/OETH/OUSD paired with our Pool Booster module, will help attract increased liquidity, trading volumes, and improve LP experience by offering higher earnings.

We would like to request a gauge for the OGN/OETH/OUSD pool. We have seeded the pool with more than $1-million in liquidity.

Specifications:

  1. Governance: OUSD is governed by xOGN holders with any upgrades to the contracts being time-delayed by a 48-hour timelock.
  2. Oracles: Where available, Origin Dollar uses Chainlink to secure the protocol from pricing attacks.
  3. Audits: OUSD code is well audited with OpenZeppelin auditing the latest changes to add Yield Forwarding to the OUSD codebase.
  4. Centralization vectors: OUSD is a decentralized stablecoin with backing assets deposited to Morpho, AAVE, and Maker.
  5. Market History: OUSD was launched in 2021 and currently has 6.5M in TVL.

Vote:

You can vote for the OGN/OETH/OUSD gauge here.

Thank you for your support!