Origin Protocol: OGV will merge into OGN, and plans to launch native LST on other EVM-compatible chains

ChainCatcher news, the multi-chain yield DeFi project Origin Protocol has announced its product roadmap and improvements to its tokenomics. The proposal to merge OGN and OGV aims to integrate all of Origin's product suite with a single governance and value accumulation token, OGN. The Origin treasury will lock all converted OGN (from the OGV merger) as voting escrowed OGN to ensure that the circulating supply of OGN does not significantly increase in the short term. OGV holders and veOGV stakers will have one year to convert their held assets into OGN and voting escrowed OGN, respectively. The voting deadline is April 10 at 08:00.

In addition, Origin Protocol will launch native LSTs on other EVM-compatible chains and has recently partnered with Chainlink CCIP to bring OETH to Layer 2. Origin Protocol will launch wrapped OETH (wOETH) on Arbitrum in April.