Odaily Origin Protocol announced that the proposal to "merge OGV and OGN" has been voted on. OGN holders will directly benefit from its billions of dollars in TVL and profit from protocol revenue from OETH and OUSD, and OGV holders will also benefit from the increased liquidity and support provided by OGN. OGN will also be the sole value appreciation and governance token for Origin's new Automatic Redemption Manager (ARM).

PANews reported on April 3 that Origin Protocol announced its latest major updates, including the merger of OGN and OGV tokens, the introduction of buyback and burn mechanisms, and the development of universal liquid staking tokens (LST) suitable for EVM chains. The core team has formally submitted a decentralized governance proposal to acquire OGV by OGN, with the intention of concentrating the value of all current and future products in OGN and making it a governance token for all products. In addition, Origin plans to launch new tokenomics mechanisms, including a burn mechanism and a new staking mechanism, to reward long-term holders and improve protocol security. The merger of OGN and OGV will also facilitate the launch of OETH derivatives across multiple L2s, expanding the use of OETH through new product integration and LST yield derivatives. Origin is also working with a well-known EVM chain and plans to launch native LSTs in the second quarter of this year to capture market share in emerging markets and drive growth in LSTs. Origin's algorithmic market operations (AMOs) will help maintain a stable peg and provide capital efficiencies on liquidity pools, creating greater value for LSTs across the network. Related Reading: Origin Protocol Announces Major Update: OGN and OGV Token Merge, Buyback and Burn Mechanism and Universal LST for EVM Chain

Odaily Planet Daily News market data shows that the price of OGN has risen rapidly today, and it is currently reported at 0.11 USDT, reaching a maximum of 0.1299 USDT, an increase of 42% in 24H.

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