Summary:
Proposal to add OUSD/USDT to the Gauge Controller.
References/Useful links:
- Website: https://www.originprotocol.com
- Documentation: https://docs.originprotocol.com/
- Github: GitHub - OriginProtocol/origin-dollar: OUSD and OETH are stablecoins that passively accrue yield while you are holding it
- Discord: Origin Protocol
- OUSD/USDT Curve Pool: Curve.fi
- OUSD/USDT Gauge Vote: Curve.fi
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 pools paired with Origin tokens collectively holding more than $42-million in TVL.
We would like to request a gauge for the OUSD/USDT pool. We have seeded the pool with $10,000 and plan to add more liquidity once a gauge is approved.
Specifications:
- Governance: OUSD is governed by xOGN holders with any upgrades to the contracts being time-delayed by a 48-hour timelock.
- Oracles: Where available, Origin Dollar uses Chainlink to secure the protocol from pricing attacks.
- Audits: OUSD code is well audited with OpenZeppelin auditing the latest changes to add Yield Forwarding to the OUSD codebase.
- Centralization vectors: OUSD is a decentralized stablecoin with backing assets deposited to Morpho, AAVE, and Maker.
- Market History: OUSD was launched in 2021 and currently has more than 7.5M in TVL.
Vote:
You can vote for the OUSD/USDT gauge here.
Thank you for your support!