OGN DAO announces a buyback of OGN worth over $3 million.

On June 16th, OGN DAO made an announcement. A new governance proposal regarding the deployment of more than $3 million worth of DAO assets for an OGN buyback on the market was unanimously approved. Coupled with the previously passed proposal to allocate 100% of protocol revenue for OGN buybacks, this indicates a significant transformation in the value flow mechanism of the Origin Token. The DAO is intensifying its efforts to align product growth with the returns of token holders. It is ceasing token emissions and replacing them with real yields driven by protocol revenue and DAO-owned assets. In the next 12 months, more than $3 million worth of assets from the DAO treasury (based on the valuation at the time of writing) will be utilized for OGN buybacks on the market. These assets will initially be converted into Origin-owned assets like OUSD or OETH, which offer both stability and yield. This structure guarantees that treasury assets maintain their ability to appreciate while facilitating regular buybacks.