Proposal to add OGV/ETH to the Gauge Controller [resubmitted]

Gauge Proposals
#1

[RESUBMITTED WITH CORRECTED GAUGE VOTE ADDRESS]

Summary:

Origin Dollar would like to increase its presence in the Curve ecosystem through the addition of a gauge for the OGV/ETH pool. OGV is the governance token for Origin Dollar.

References/Useful links:

Protocol Description:

Origin Dollar (OUSD) is the self-custodial, yield-generating stablecoin. The price of OUSD stays pegged at ~$1, and additional units of OUSD show up automatically in holder wallets as yield is generated by the protocol. OUSD is fully collateralized and can be redeemed at any time for USDC, USDT, or DAI. The current circulating supply is ~$50M and has reached over $300M at its peak. OUSD is listed on KuCoin, Gate, Uniswap, and Curve.

The governance token for Origin Dollar is OGV and is listed on Curve, Uniswap, Huobi, Kucoin, Gate and several other exchanges. OGV has $1.6M of liquidity across Curve ($1M) and Uniswap ($630K).

Motivation:

Origin Dollar has been significantly involved with the Curve ecosystem. The OUSD stablecoin was first launched on Curve in July 2021 with the OUSD/3CRV liquidity pool. Through the use of pool incentives, the protocol was able to improve liquidity and drive increased adoption of the stablecoin. With the recent launch of the Origin Dollar governance token (OGV), an OGV/ETH pool was created on Curve. We believe that a gauge for OGV/ETH will help attract increased liquidity, trading volumes, and interest in governance of a leading stablecoin protocol.

Specifications:

  1. Governance: Origin Dollar currently uses Snapshot for governance.
  2. Oracles: Origin Dollar uses Chainlink to secure the protocol from pricing attacks.
  3. Audits: Origin Dollar is continuously audited.
  4. Centralization vectors: No centralization vector.
  5. Market History: OGV/ETH currently has $1.6M of total liquidity and $1M on Curve.

Vote
Link to OGV/ETH gauge vote

Proposal to add OGV/ETH to the Gauge Controller