Origin Proposes to Merger OGN and OGV and Updates Product Roadmap

Bittime - Origin, a leading NFT infrastructure platform, through an official announcement, has outlined a new vision, updated product roadmap, as well as proposed improvements to its token-based economic structure .

Vision: Building an Open Financial Infrastructure

Origin has a vision to build an open, permission less protocol that can increase economic opportunity for everyone. They are focused on developing a strong financial infrastructure, including products that generate multi-chain yields.

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Origin Product Highlights in New Roadmap

Some of the exciting product highlights that Origin will develop include:

• LST (Liquidity Staking Tokens) on the EVM Network: Origin plans to bring LST on the Ethereum Virtual Machine (EVM) network which will provide greater flexibility and ease of access for users.
• ESG Income Derivatives: This product allows users to gain exposure to ESG-generated income without having to directly hold the asset.
• Utility Improvements for primeETH, OETH, and OUSD: Origin plans to increase the utility of their crypto assets, such as primeETH (a tokenized version of ETH pegged 1:1), OETH (a wrapped version of ETH on the Optimism network), and OUSD (Origin's stablecoin).

Also Read: What is Origin Protocol (OGN)? Stack ETH faster with OETH

OGN and OGV Merger Proposal

In addition to the product map update, Origin also submitted a governance proposal to combine the OGN (Origin Token) and OGV (Origin DeFi Governance) tokens. Given OGN's central role in Origin's decentralized finance (DeFi) ecosystem, in the future OGN will be the token for value accumulation and governance across all Origin products.

Also Read: What is a Decentralized Marketplace?

Reasons for Merging OGN and OGV

This token merger is expected to bring several benefits, including:

• Increased Liquidity: With the merger, the liquidity of the OGN token will increase, potentially having a positive impact on the ease of trading and its price stability.
• Governance Simplification: Origin's governance structure will be more efficient by using only one token for voting on important decisions in the ecosystem.
• Community Strengthening: Combining tokens can encourage a stronger sense of unity and ownership among the Origin community.

Also Read: NFT Marketplace: Gateway to Buying and Selling NFTs

Merger Process

The proposal to merge OGN and OGV will go through a voting process by OGN token holders. If the proposal is approved, the merger schedule and mechanism will be announced later.

Impact for Token Holders

OGV token holders who agree with this proposal do not need to take any action. Once the merger is complete, their OGV tokens will automatically be converted into OGN tokens at a certain ratio to be announced in the proposal.

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The Future of Origin

With a strong vision, innovative product roadmap, and plans to improve its token structure, Origin seems determined to become a major player in the DeFi ecosystem and NFT infrastructure. This token merger proposal is a strategic move that has the potential to bring benefits to the platform and the Origin community as a whole.

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DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.