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Origin Protocol proposes to merge OGN and OGV tokens to integrate product suite and governance.

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#DeFi
$OGN
$OGV
Odaily
617Words
Apr 2, 2024

ORIGIN PROTOCOL has announced its product roadmap and proposed improvements to its token economics, suggesting a merger of the $OGN and $OGV tokens. The aim is to integrate all of ORIGIN's product suite into a single governance and value-accumulating token, OGN. As part of the merger, all converted $OGN (from the $OGV merger) will be locked as voting-trustee $OGN to ensure that the circulating supply of $OGN does not significantly increase in the short term. $OGV holders and VEOGV stakers will have one year to convert their holdings into $OGN and voting-trustee OGN. Additionally, ORIGIN PROTOCOL plans to create a multi-chain revenue ecosystem and launch native LST on other EVM-compatible chains, introduce OETH derivatives on L2, and launch wrapped OETH (WOETH) on ARBITRUM in April. $OGN will adopt VETOKEN governance and economic attributes similar to OGV/VEOGV and other DEFI tokens, including a burning mechanism and the ability to unlock tokens in advance. If the merger proposal is approved, the team will provide more details in future governance proposals.

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