Origin Dollar Overview
- What is Origin Dollar?
Origin Dollar is a stablecoin that generate yields with no staking or locking up your tokens and 100% convertible to DAI, USDC, and USDT. It is designed to automatically increase in value over time, directly in users' wallets automatically. The value of your OUSD holdings can potentially grow over time without needing to actively participate in complex DeFi strategies.
- Main Features
- High-yield, low-risk DeFi strategySelf-custodial stablecoin (OUSD)Pegged to the US DollarRedeemable for DAI, USDC, and USDTAAA security rating from Insurance
- Blockchains
- Ethereum
Frequently asked questions
To obtain OUSD, you can purchase it from decentralized and centralized exchanges or mint it directly by depositing Dai, USDT, or USDC collateral into the Origin vault. The easiest way to get OUSD on-chain is through the swap dapp, which will automatically select the most economically advantageous option at the time. Minting OUSD is free, but there may be gas costs associated with Ethereum transactions. When redeeming or burning OUSD on the OUSD dapp, a fee of 0.25% is charged as a security measure, but this fee can usually be avoided by selling OUSD on an exchange or AMM. There are no fees, other than gas, required to transfer OUSD.
Yes, OUSD is not redeemable for other stablecoins. When OUSD is redeemed or burned on the OUSD dapp, a fee of 0.25% is charged. However, this fee can usually be avoided by selling OUSD on an exchange or AMM, which allows you to choose which token or currency you end up with.
No, OUSD does not require staking or lock-ups. Holding OUSD automatically increases wallet balances at least once per day. However, if OUSD is held in a smart contract, such as Safe, users will need to opt-in to receive the yield by making a one-time function call.
Yes, OETH is transparent on the Ethereum blockchain. The Origin Dollar and Origin Ether, which make up OETH, are automated smart contracts on the Ethereum blockchain. These contracts are owned and controlled by a global community of OGV token holders who operate a decentralized autonomous organization (DAO) called the Origin DeFi DAO. The governance process and improvement proposals are discussed transparently in the Origin DeFi community's Discord forum. Additionally, the OUSD ecosystem, which includes OETH, offers transparent and constantly evolving yield strategies. The transactions and activities related to OETH can be tracked and verified on the Ethereum blockchain.
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