KuCoin to List OUSD & OGN
We are thrilled to announce that a major cryptocurrency exchange, KuCoin, is listing OUSD and OGN. This is a landmark listing for Origin Dollar (OUSD). Increasing ease of access to OUSD is an extremely important part of our product roadmap and core to our DeFi thesis. We believe DeFi can only change the world in a meaningful way when it is accessible to everyone, not just crypto natives who have the skills to navigate Web3 and the funds to pay blockchain network fees.
Trading on KuCoin will begin at 10:00 AM UTC on May 14th. You can begin depositing OUSD or OGN immediately. Trading pairs will include: OUSD/USDT, OUSD/BTC, OGN/USDT, & OGN/BTC.
To receive yield from OUSD on KuCoin, users must stake their OUSD on Pool-X, the staking exchange powered by KuCoin. Yield will be distributed daily at 18:00 PM UTC and will be equivalent to the amount of yield (and roughly the APY) from on-chain OUSD. If no rebasing occurs in the previous 24 hours before the daily distribution time, no yield will be distributed. This is a rare event and OUSD usually rebases several times a day. If no rebasing occurs in 24 hours for some reason, the next rebase should yield higher than normal.
OUSD is the first stablecoin that earns a yield while it’s still in your wallet. It offers a completely passive and automated “yield farming” experience for holders. OUSD gives you higher than expected yields from the best risk-adjusted DeFi opportunities from platforms like Aave, Compound, and Curve without any of the work or learning curve. People will no longer have to become expert yield farmers and stake, claim, withdraw, and liquidate constantly while paying gas fees and having to manage a Web3 wallet if they don’t want to.
OUSD is DeFi for the masses. When more and more people learn that they can get double-digit APY on their dollars as opposed to negative interest (when adjusted for inflation) from traditional bank accounts, people will jump on board and become crypto converts. Although our work in the NFT space has gotten a lot of mainstream press and attention lately, we remain committed to DeFi as well and have been quietly working on improving OUSD. The results of our hard work have shown through a dramatic increase in circulating supply from around $4 million at the end of January to $18.5 million now.
It is crucial to us that we list OUSD on exchanges that are innovators and able to deal with new technology. Because OUSD is a rebasing token, some exchanges have been hesitant to take on the technical challenge of integrating it. KuCoin was able to build this integration quickly and painlessly and is establishing itself as the leading exchange for rebasing tokens. KuCoin is already a top 10 exchange globally by overall trading volume and ranks even higher in spot trading volume. We have had a great relationship with the KuCoin team for years and are happy to formalize it with this listing announcement.
We are very pleased to join the KuCoin community and look forward to many years of collaboration and growth.
Learn more about Origin:
- Buy Origin Dollars (OUSD) on KuCoin: OUSD-USDT, OUSD-BTC
- Buy Origin Tokens (OGN) on KuCoin: OGN-USDT, OGN-BTC
- Track OGN token metrics: originprotocol.com/dashboard
- Learn more about Origin Dollars (OUSD): ousd.com
- Learn more on our company website: originprotocol.com
- Join our team: https://angel.co/originprotocol/jobs
