What Origin Protocol does

Origin Protocol is a decentralized finance (DeFi) protocol operating since 2020 under the legal entity Origin Protocol Labs (Cayman Islands), with a San Francisco headquarters and 11–50 employees. The company builds yield-bearing token products that automatically compound returns in users' wallets via a rebasing supply design: token balances grow while the peg to underlying collateral (ETH or USD) remains 1:1. The core product suite includes Origin Ether (OETH) for Ethereum liquid staking at 2.33% APY, Super OETH on Base at 2.52% APY, Origin Dollar (OUSD) for stablecoin yield at 5.34% APY, Origin ARM vaults earning up to 3.68% APY from LST/RWA arbitrage, and Origin Sonic (OS) on the Sonic blockchain. Wrapped ERC-4626 versions (wOETH, wOUSD, wsuperOETHb, wOS) serve smart contract integrations in lending markets and aggregators.

The underlying technology architecture is shared across products via a battle-tested codebase with 12+ audits and continuous review by OpenZeppelin. Key differentiators include Merkle Proof validation against Ethereum's Beacon Chain (eliminating oracle dependencies), built-in front-run protection, Automated Market Operations (AMO) for capital-efficient peg maintenance, Yield Forwarding infrastructure (Pool Booster, Borrow Booster) that redirects idle yield into AMM incentives and lending market subsidies, and a Harvester system operated by a 2-of-8 multisig with Safe Module validation. Rebases are triggered by Chainlink Keepers or user interactions at least daily. The OGN governance token enables staking at 11.47% APY with 47.54% of supply staked.

Origin Protocol monetizes through performance fees (20% on yield for most products, 10% for Origin Sonic), with all fees used to buy back OGN on the open market and distribute to stakers. Go-to-market is purely product-led and self-serve: users access the protocol via the Origin Dapp at app.originprotocol.com with any web3 wallet, no KYC required. Primary customer segments are DeFi users seeking automated ETH and stablecoin yield, and DeFi protocols integrating via Yield Forwarding APIs. Liquidity is distributed across Curve (Ethereum), Aerodrome (Base), and SwapX (Sonic), with marketing conducted through Discord, the Governance Forum, documentation portal, and GitHub.

Name

Origin Protocol

Legal name

Origin Protocol Labs

Website

https://originprotocol.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Origin Protocol is a decentralized finance protocol offering yield-bearing tokens (OETH, Super OETH, OUSD, ARM vaults, Origin Sonic) that auto-compound returns in user wallets, serving DeFi users and protocols seeking audited, oracle-free yield across Ethereum, Base, and Sonic.

Ownership category

akta.pro rank

Product category

Decentralized Finance (DeFi) Yield Protocol

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Liquid Staking & Restaking Protocols (FSADAMAE)

akta.pro secondary industries

Liquidity Management & Market-Making Protocols (FSADAMAH), Liquidity Provision & Market Making Protocols (AMMs, concentrated liquidity, LP tooling) (FSAPAEAF), DeFi Asset Management & On-Chain Index Protocols (FSADAMAK)

Keywords

• DeFi yield tokens
• Liquid staking tokens
• Stablecoin yield
• Rebasing ERC-20
• DeFi protocol

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Infrastructure, Personnel, Marketing or Sales, Operations

Revenue model

1. Yield Performance Fees: Protocol takes 20% fee on yield generated by OETH, Super OETH, OUSD, and ARM Vaults. Origin Sonic (OS) has a reduced 10% fee on yield generated. All fees are used to buy back OGN on the open market and distribute to OGN stakers as staking rewards. APYs displayed on analytics and the Origin dapp are net of fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Origin Protocol operates a decentralized finance (DeFi) protocol offering yield-bearing ERC-20 tokens that automatically compound staking and lending rewards in user wallets. Its products include Origin Ether (OETH) for Ethereum liquid staking at 2.33% APY, Super OETH on Base at 2.52% APY, Origin Dollar (OUSD) stablecoin yield at 5.34% APY via Morpho, Automated Redemption Manager (ARM) vaults for LST arbitrage at 2.13-3.68% APY, and Origin Sonic (OS) on Sonic blockchain. The protocol also issues the OGN governance token, with stakers receiving 100% of protocol fees via buybacks at a current 11.47% staking APY.

Product overview

Origin Protocol is a decentralized finance (DeFi) platform offering a suite of yield-bearing token products with 5+ years of operation. The platform architecture centers on rebasing ERC-20 tokens that automatically compound yield in user wallets. Core products include: (1) Origin Ether (OETH) - Ethereum liquid staking at 2.33% APY with zero oracle reliance via Merkle Proof validation; (2) Super OETH - supercharged liquid staking on Base chain at 2.52% APY; (3) Origin Dollar (OUSD) - stablecoin yield via Morpho lending at 5.34% APY; (4) Origin ARM - Automated Redemption Manager vaults earning 2.13-3.68% APY from LST arbitrage; (5) Origin Token (OGN) - governance token with 11.47% staking APY; and (6) Origin Sonic (OS) - liquid staking on Sonic blockchain. The platform provides non-rebasing wrapped versions (wOETH, wOUSD, wsuperOETH, wOS) as ERC-4626 compliant vaults. Key technological features include AMO (Algorithmic Market Operations) for peg maintenance and liquidity provision, Yield Forwarding for redirecting yield to approved contracts, Pool Booster for AMM incentivization, and Borrow Booster for lending market subsidies. All products share a battle-tested codebase with 12+ audits and ongoing security reviews by OpenZeppelin, yAudit, Nethermind, Sigma Prime, and other leading firms.

Differentiator

Problem solved

Functional benefit

Brands

• Origin Ether (OETH): Ethereum liquid staking token with rebasing yield that earns staking rewards while maintaining 1:1 peg with ETH
• Super OETH
• Origin Dollar (OUSD)
• Origin ARM
• Origin Sonic (OS)
• OGN

Products and services

• Origin Ether (OETH) Ethereum liquid staking token that provides 2.33% APY with automated yield optimization and industry-leading security features. OETH validates validator balances directly against Ethereum's Beacon Chain using Merkle Proofs, eliminating oracle dependencies. Features front-run protection for validator deposits and exits.
• Super OETH (superOETHb) Supercharged liquid staking token on Base chain providing 2.52% APY with auto-compounding directly in user wallets. Backed 1:1 by ETH and earning yield from ETH liquid staking plus chain-specific incentives. Features deep concentrated liquidity pools for minimal slippage exits and no use of restaking, leverage, or speculative points.
• Origin Dollar (OUSD) Stablecoin yield product earning 5.34% APY through blue-chip Morpho lending vaults across EVM chains. No staking or lockups required, with onchain liquidity via Curve and efficient pool design via Pool Booster. Auto-compounds in user wallets with full capital control.
• Origin ARM (Automated Redemption Manager) Automated Redemption Manager vaults that earn yield from arbitrage opportunities on Liquid Staking Tokens (LSTs) and Real World Assets (RWAs). Available variants include stETH ARM (3.68% APY), eETH ARM (3.25% APY), and OS ARM on Sonic (2.13% APY).
• Origin Token (OGN) Governance token of the Origin Protocol ecosystem. OGN stakers earn 100% of protocol fees via buybacks, control the future of the protocol, and profit from its growth. Currently offering 11.47% staking APY with 47.54% of supply staked.
• Origin Sonic (OS) Liquid staking token on the Sonic blockchain providing yield through Ethereum liquid staking optimized for the Sonic ecosystem. OS ARM vaults earn from arbitrage opportunities on Sonic LSTs. Has a 10% protocol fee on yield (lower than 20% for other products).
• Origin Dapp Decentralized application for interacting with Origin Protocol products. Enables users to acquire, swap, wrap, and redeem yield-bearing tokens (OETH, OUSD, Super OETH, OS). Optimizes execution between direct minting and AMM swaps for best available rates. Accessible via app.originprotocol.com.

Quantifiable outcome

• 2.33% APY on ETH through OETH (vs lower traditional staking)
• +4 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration20 records

Feature9 records

Partnerships

One partnership is on record.

• OpenZeppelincoreOthersContinuous auditing agreement to review 100% of OETH and OUSD smart contract changes. OpenZeppelin has audited Coinbase, Ethereum, Aave, Compound, and other leading projects. One of the most trusted auditing firms providing ongoing security review.

Scale indicators10 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Yearn Finance: DeFi yield aggregator that automates yield strategies across Aave, Compound, and Curve. Origin's OUSD and ARM vaults compete with Yearn vaults for users seeking automated, optimized DeFi yield.
• Convex Finance: Liquidity management and yield-forwarding protocol built on top of Curve. Origin's AMO and Curve integrations plus Yield Forwarding place Origin in the same liquidity-incentive layer that Convex pioneered.
• Rocket Pool: Decentralized Ethereum liquid staking protocol (rETH). Competes with OETH on liquid staking yields, validator decentralization, and DeFi composability — same product category and target user base.
• Morpho: Decentralized lending protocol and key OUSD strategy venue. Origin's OUSD yield originates largely from Morpho markets, and Borrow Booster subsidizes Morpho borrows — making Morpho both a dependency and a closely aligned DeFi peer.
• Lido Finance: The dominant Ethereum liquid staking protocol (stETH). Directly competes with OETH on ETH liquid staking yield, security, and DeFi composability, and is the most comparable LST protocol by product and category.
• ether.fi: Liquid restaking protocol issuing eETH. Origin's eETH ARM vault and OETH compete with ether.fi for ETH staking/restaking flow, and both target the same DeFi user seeking composable ETH yield.

Emerging players

• StakeWise: Ethereum liquid staking protocol (osETH, ETH2). Directly comparable as a multi-chain liquid staking competitor to OETH and Super OETH, though at smaller scale.
• Pendle Finance: Yield-tokenization protocol that splits yield-bearing assets into principal and yield tokens. Adjacent to Origin's yield-bearing token model; competing for users who want programmatic exposure to DeFi yields.

Broad incumbents

• Frax Finance: Stablecoin and liquid staking protocol (frxETH, FRAX). Operates a similar model to Origin with both a stablecoin (FRAX) and LST (frxETH), making it a comparable multi-product DeFi yield platform.
• Sky (formerly MakerDAO): Dominant on-chain stablecoin issuer with the DAI/SKY savings rate. Competes with OUSD for stablecoin yield-seeking users but operates at vastly larger scale and broader scope, including RWA tokenization.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• GitHubgithub.com/originprotocol
• Xx.com/originprotocol
• Facebookfacebook.com/originprotocol
• LinkedInlinkedin.com/company/originprotocol

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds6 records

Investors31 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Origin Protocol