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Welcome to the official Telegram channel of Origin Protocol.
What other developments and announcements were made in April for Origin?
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Imagine if you went to the bank and asked to withdraw $100. Your banker tells you they can either give you $99 today or debit your account for $100 today but only let you pick up the cash in a few days. That’s essentially how LSTs work today.
While you can instantly mint OETH or other LSTs with ETH, redemptions oftentimes take one unstaking epoch (27 hours) and can extend to multiple days during times of high market volatility. Users wishing to exit LSTs must either wait for the unstaking period to get back out to ETH at a 1:1 ratio or swap into ETH at a loss.
This is due to the fact that AMMs charge trading fees and because most LSTs trade slightly below peg to account for the time value of money. LSTs that permanently trade below peg essentially have a hidden exit fee. As an example, frxETH consistently trades ~0.25% below peg. This means you need to stake frxETH for around 3 weeks to break even with the yield earned through staking. This tradeoff might be tolerable for individuals who are okay being long-term holders, but it’s completely unacceptable for protocols wanting to rehypothecate their users’ funds for additional yield.
There are billions of dollars worth of ETH sitting idle on bridges, DEXs, and all over DeFi. The only way any of these protocols can reasonably rehypothecate these funds is if they have a credible way of returning 100% of those funds whenever their users ask for them back. Just like a bank doesn’t keep 100% of the funds on hand at all times, it is neither possible nor necessary to offer instant redemptions for the full amount of capital being staked. You just need enough exit liquidity to handle typical withdrawals.
How can users deposit OETH into primeETH and get EIGEN?
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What assets are currently supported on the ARM and what plans are there to add more?
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GM community! Remember that we will never DM you first 🙂
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Hi there.
Moises is not around, feel free to DM me 😊
We will have more news soon, stay tuned and please also check our April Token Holder Update
https://www.originprotocol.com/april-2024-token-holder-update
The ARM aims to alleviate friction for redeeming LSTs and LRTs by offering instant, zero-slippage swaps on redeemable assets. Current redemption methods inhibit users from earning yield across ETH-denominated DeFi products, as redemptions are either too costly or too slow.
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Where can users find more information about migration, OGN staking, and xOGN governance?
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🌐 Origin has communities all over the world. We invite you to join one of our regional Telegram communities.
🇨🇳 @OriginChinese
👉 加入我们的微信联系 @cryptodegen169
🇰🇷 @OriginProtocolKorea
🇯🇵 @OriginJapanese
🇻🇳 @originprotocolvietnam
🇷🇺 @originprotocolrussia
🇹🇷 @OriginTurkish
🇪🇸 @OriginProtocolSpanish
🇧🇷 🇵🇹 @OriginPortuguese
🇮🇩 @OriginProtocolIndonesia
April's Token Holder Update Is Live! 🌷
Check out our latest blog post recapping our most important announcements from April. Some of the developments covered in the update include:
▸ Progress on the OGN-OGV Merger
▸ The Arbitrum DAO voted to award ARB incentives to OETH
▸ The Automated Redemption Manager
▸ New OGN tokenomics
▸ PrimeStaked updates and recent developments regarding EIGEN
https://www.originprotocol.com/april-2024-token-holder-update
This process benefits the traders because of the exchanging time (it's a quick swap).
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Why do LSTs have a non-participation period (27 hours)?
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How do redemption and exchange times for LSTs affect traders and market liquidity?
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How does ARM work and what benefits does it offer users?
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April's Token Holder Update Is Live! 🌷
Check out our latest blog post recapping our most important announcements from April. Some of the developments covered in the update include:
▸ Progress on the OGN-OGV Merger
▸ The Arbitrum DAO voted to award ARB incentives to OETH
▸ The Automated Redemption Manager
▸ New OGN tokenomics
▸ PrimeStaked updates and recent developments regarding EIGEN
https://www.originprotocol.com/april-2024-token-holder-update
Of course. With great pleasure. Please let us know if you need more help 😊🙏
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What other integrations and governance opportunities are in store for OGN holders?
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You might check this blog to find more information regarding xOGN.
https://www.originprotocol.com/xogn-tokenomics-pass
And, What other integrations and governance opportunities are in store for OGN holders?
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What is Automated Redemption Manager (ARM) and how is it related to xOGN?
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⚡️ The OGN Tokenomics Proposal Has Passed!
The proposal introduces xOGN, new staking mechanics, and fresh value accrual mechanisms for Origin stakers.
Staking will commence following the OGV-OGN migration. Read more below 👇
https://www.originprotocol.com/xogn-tokenomics-pass