Blockchain-powered commerce project Origin Protocol has created the OGN token (nicknamed the “Origin Dollar”) which can be staked to earn up to a 25% yield.
Using the OUSD platform you can select from 3 options OGN staking options, which you will be able to claim your OGN principal plus interest at the end of the staking period.
- 30 days lock-up earning 7.5% APY
- 90 days lock-up earning 12.5% APY
- 365 days lock-up earning 25% APY
In order to participate you need to use a DeFi wallet to connect and deposit your funds which will then be secured using an Ethereum smart contract. See the OGN token details which include supply and unlock schedule. Yield-generating DeFi products are brand-new and you should read the risks involved before participating.
About Origin Protocol
The team has a lot of pedigree with serial entrepreneurs including a founder of PayPal, early employees at YouTube, and engineering managers at Google and Dropbox.
The company is projecting that blockchain ecommerce is going to be one of the fastest growing areas in the blockchain industry during the next few years.
Benefits of Origin Protocol include:
- Lower fees – Buyers and sellers share 20-30% in savings when middlemen are removed
- Better incentives – Everyone can own a stake in the network by contributing to its growth
- Increased access – 2 billion unbanked people can access new markets globally
- More resilience – Blockchain-powered commerce can’t be banned or shut down
Dshop: Blockchain-powered Online Commerce
Along with the stablecoin, Origin also introduced a new service called Dshop. It’s an e-commerce platform that can be used to create a free online store, harnessing the power of a decentralized platform and allowing customers to pay in cryptocurrencies.
It seems clear that blockchain technologies will redefine online commerce and allow both buyers and sellers to benefit from lower costs and improved infrastructure.
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