TechFlow News, Origin Protocol announced the completion of its merger and proposed the launch of xOGN, enabling users to stake OGN to receive the new governance token xOGN, representing voting rights and economic entitlements across Origin's products.
The proposal also outlines key mechanisms for xOGN staking, including a buyback mechanism (a portion of protocol revenues from OETH, OUSD, and any future products will be collected as performance fees; 50% of these fees will be used to buy back OGN and redistribute it to xOGN holders, while the remaining 50% will purchase flywheel tokens such as CRV and CVX, generating additional yield within Origin's products), a staking model with a maximum lock-up period of one year, and an early exit option. Users must vote before 2:00 AM Beijing Time on May 3.
