ORIGIN PROTOCOL has announced the completion of a merger and proposed the launch of a new governance token, XOGN, allowing users to stake OGN to receive XOGN, representing voting rights and economic power over ORIGIN products. The proposal also outlines key mechanisms of XOGN staking, including a buyback mechanism, a staking model with a maximum lock-up period of one year, and an early exit feature. The buyback mechanism involves using a portion of protocol revenues from OETH, OUSD, and any future products as performance fees, where 50% will be used to repurchase OGN and redistribute to XOGN holders, while the remaining 50% will be used to purchase yield-bearing tokens such as CRV and CVX. Users are required to vote by 2:00 AM Beijing time on May 3rd.

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<p>Deep Tide TechFlow News, Origin Protocol announced the completion of the merger and proposed the launch of xOGN, allowing users to stake OGN to receive new governance token xOGN, representing voting rights and economic power over Origin products.</p>
<p>The proposal also outlines key mechanisms of xOGN staking, including a buyback mechanism (a portion of protocol revenue from OETH, OUSD, and any future products will be used as performance fees. 50% of this fee will be used to repurchase OGN and redistribute it to xOGN holders, while the remaining 50% will be used to purchase flywheel tokens (such as CRV and CVX), generating additional revenue in Origin's products.), a staking model with a maximum lock-up period of one year, and an early exit feature. Users need to vote by 2:00 AM on May 3rd, Beijing time.</p>
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ORIGIN PROTOCOL proposes to launch the governance token XOGN to enhance user voting and economic power.