Origin Dollar
Crypto Overview
Understanding the Intended Utility
Origin Dollar (OUSD) is a yield-bearing stablecoin built on the Ethereum blockchain by Origin Protocol. Its primary purpose is to provide a stablecoin that automatically generates yields while being held in users' wallets, without requiring any staking or locking of funds. OUSD maintains a 1:1 peg with the US Dollar.
Business Model & Actual Utility
The protocol generates yields by deploying user funds into various DeFi strategies, primarily lending markets and automated market makers (AMMs). The yields are automatically reflected in users' wallet balances, with the number of OUSD tokens increasing over time. The current implementation primarily uses Compound, Aave, and Curve protocols for yield generation.
Real-World Adoption
As of 2024, OUSD has achieved notable adoption within the DeFi ecosystem. The total supply of OUSD has reached significant levels, with active integration into various DeFi protocols. The project maintains transparent documentation of its yield strategies and regular updates to its smart contracts.
Token Distribution & Governance
OUSD itself is a stablecoin that can be minted by depositing other stablecoins. The protocol is governed by OGN token holders, with the Origin team maintaining significant influence over protocol decisions. The team has demonstrated consistent development and improvement of the protocol since its launch.
Revenue Model Analysis
The primary mechanism for generating yields involves lending and liquidity provision, which typically involves interest-based activities. The underlying yield generation strategies primarily rely on traditional DeFi lending protocols that operate on an interest basis.
Crypto Impact
To assign a comfort level investing in Origin Dollar from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Origin Dollar.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.