OGN DAO Approves $3 Million Buyback Plan for Origin Token

OGN DAO, the decentralized autonomous organization behind the Origin Token (OGN), has announced a significant move to enhance the value of its token. On June 16, the DAO unanimously approved a new governance proposal to deploy over $3 million worth of DAO assets for an OGN buyback on the market. This decision comes alongside a previously passed proposal to allocate 100% of protocol revenue for OGN buybacks, signaling a substantial shift in the value flow mechanism of the Origin Token.

The DAO's initiative aims to align product growth with token holder returns by halting token emissions and replacing them with real yield driven by protocol revenue and DAO-owned assets. This strategic move is designed to create a more sustainable and value-adding ecosystem for OGN holders. Over the next 12 months, more than $3 million worth of assets from the DAO treasury will be used for OGN buybacks. These assets will first be converted into Origin-owned assets such as OUSD or OETH, which provide both stability and yield. This structure ensures that treasury assets retain their ability to appreciate while supporting regular buybacks, thereby creating a more robust and value-driven ecosystem for OGN holders.

This buyback program is a clear indication of the DAO's commitment to enhancing the value of the Origin Token. By leveraging protocol revenue and DAO-owned assets, the organization is taking proactive steps to ensure that the value of OGN continues to grow. This move is expected to have a positive impact on the overall health and stability of the Origin Token ecosystem, providing a more secure and rewarding experience for token holders.