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Fully decentralized governance

Origin Dollar and Origin Ether consist of a set of automated smart contracts on the Ethereum blockchain. This code, protected by a 48-hour timelock, is owned and controlled by a global community of OGV token holders who operate a decentralized autonomous organization, known as the Origin DeFi DAO.

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1,429

Registered voters

0

Open-source contributors

157

Improvement proposals

The governance process
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Discussion Forum

The Origin DeFi community lives in Discord, where the protocol was developed in public. Many improvement proposals are born here through transparent discussion and debate. While there is no requirement to discuss improvements prior to submitting a proposal, this is where the conversation happens.

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Snapshot vote

All off-chain voting occurs on the Origin DeFi Governance Snapshot space. This allows for signaling votes and temperature checks to be conducted without participants needing to spend gas. Other proposals belong on Snapshot because they don't require on-chain execution to be implemented, such as funds allocations and other Strategist actions.

Participation requirements

300,000 veOGV

to create a proposal

No minimum

to vote on existing proposals

50 million veOGV

quorum requirement

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On-chain implementation

All configuration changes and improvements to the protocol's smart contracts must be executed on-chain. The Origin DeFi governance contracts are derived from OpenZeppelin's open-source code and require technical expertise to update. All on-chain proposals are reviewed for security risks and any changes to the code should be accompanied by a thorough security audit. A timelock provides an added layer of security preventing changes from taking effect immediately after an on-chain vote is passed.

Participation requirements

10,000,000 veOGV

to create a proposal

No minimum

to vote on existing proposals

20% of veOGV supply

quorum requirement

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Step-by-step guide for creating proposals and voting

01

Buy OGV

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02

Stake OGV

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03

Discuss a proposal

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04

Submit a proposal

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05

Vote on a proposal

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OGV to veOGV calculator

Select your staking period to see how much OGV is needed for Snapshot and on-chain proposals

Length of stake

1 Month

Snapshot proposal (300,000 veOGV)

285,649.83

OGV

OGV

OGV required

On-chain proposal (10,000,000 veOGV)

9,521,661.12

OGV

OGV

OGV required

*The exchange rate between OGV and veOGV is constantly changing. By the time you stake OGV, the amount of veOGV you receive will likely be higher than the minimum required. This calculator will give an amount that should be at least enough to participate in governance.