Origin Protocol OGN Buyback Proposal Voting Deadline

Origin Protocol announced on May 30, 2025, that its proposal to redirect all revenue from products like $OETH, $OS, $OUSD, Super OETH, and ARM Vaults to market buy $OGN tokens has hit quorum with unanimous support (Origin Protocol X Post). Voting closes on June 4, 2025, and if passed, this move aims to boost $OGN’s value by reducing circulating supply—a classic tokenomics strategy to drive scarcity and price appreciation.

Recent News

Origin has been on a roll in 2025. In March, Super OETH boasted a 5.9% APY with $40M TVL, while Origin Sonic hit 6.1% APY with $27M TVL (OriginProtocol.com). The project also teased a new dApp launch in May, integrating all existing products with fresh features, showing their focus on expanding DeFi offerings (Coindar.org).

Future Plans

Looking ahead, Origin is unifying $OGN and $OGV tokens to streamline governance and value accrual, alongside introducing token buybacks and early staking unlocks (OriginProtocol.com). This aligns with their roadmap to make Origin’s products more decentralized and accessible, potentially attracting more users to their NFT and DeFi ecosystem.

Onchain Data

While specific $OGN buyback-related onchain data isn’t available yet, Origin’s ecosystem shows strength. As of March 2025, their DeFi products held over $67M in TVL across Super OETH and Origin Sonic, reflecting solid user adoption (OriginProtocol.com). Keep an eye on Etherscan for $OGN transaction spikes post-voting!

Community Sentiment

X reactions are mixed but lean positive. Users like @SiloIntern are hyped, urging “BUY BUY BUY,” while @MarcioFSMacedo suggested adding a token burn to make $OGN deflationary—a popular idea in crypto (X Replies). However, some, like @AliGren59504181, expressed frustration, hinting at price stagnation concerns.

Why It Matters

Buybacks can reduce $OGN supply, potentially driving value for holders, especially with Origin’s growing DeFi revenue. But beware—price pumps from buybacks can lead to volatility, so DYOR before jumping in.