Origin Dollar (OUSD) is a fully collateralized stablecoin pegged to the US dollar, backed 1:1 by other stablecoins like USDC, USDT, and DAI. It earns passive yield through rebases, automatically compounding interest in users' wallets without requiring staking or lockups. OUSD aims to provide a reliable store of value and medium of exchange, addressing volatility in the crypto market while offering a convenient way to earn yield.
Origin Dollar (OUSD) is a fully collateralized stablecoin that allows users to passively earn yield while holding it in their wallets. It is backed 1:1 by other stablecoins such as USDC, USDT, and DAI, ensuring a stable value pegged to the US dollar. Users can mint OUSD by converting their stablecoins through the Origin Dollar front-end app, which automatically routes transactions to provide the best available price while considering slippage and gas costs.
Once minted, OUSD begins to accrue compounded yield, which is generated through the deployment of the underlying stablecoins to various DeFi protocols like Aave and Compound. The yield is then distributed to OUSD holders through a constant rebasing of the token supply, ensuring that the OUSD price remains pegged to 1 USD while the user's token balance increases over time.
Redeeming OUSD back for the underlying stablecoins incurs a 0.25% exit fee, which is distributed as additional yield to remaining OUSD holders and serves as a security feature to discourage short-term speculation. The protocol's rebasing function ensures that user balances are protected from daily fluctuations in the prices of the underlying stablecoins.
OUSD can be traded on decentralized exchanges like Uniswap and Curve, as well as on centralized exchanges like Gate.io and KuCoin. It is also accessible through the Origin Dollar dApp, which facilitates buying and selling OUSD tokens. Overall, OUSD provides a reliable store of value and a convenient way to earn passive income in the DeFi ecosystem.
To store Origin Dollar (OUSD) tokens, you can use a variety of digital wallets that support Ethereum-based assets. Here are some options:
Atomic Wallet: Atomic Wallet is a multi-asset wallet that supports over 1,000 coins and tokens, including OUSD. It is available for both desktop and mobile devices. Atomic Wallet is known for its user-friendly interface, private key encryption, and 24/7 online support.
Origin Dollar Wallet App: The Origin Dollar Wallet App is a dedicated wallet for managing OUSD tokens. It allows users to store and manage their OUSD alongside other cryptocurrencies like Ethereum, XRP, Litecoin, and XLM.
Other Ethereum Wallets: Any Ethereum wallet that supports ERC-20 tokens can be used to store OUSD. Ensure that the wallet you choose is reputable, secure, and compatible with OUSD.
When selecting a wallet, consider factors such as security, ease of use, and compatibility with your devices. Always follow best practices for securing your wallet, such as using strong passwords and keeping your private keys safe.
To buy Origin Dollar (OUSD) tokens, follow these steps:
Create an Account: Sign up on a reliable cryptocurrency exchange such as KuCoin, Binance, or Gate.io. Provide your email address, mobile phone number, and country of residence, and create a strong password to secure your account.
Verify Your Account: Ensure stronger protection of your account by setting up two-factor authentication (2FA) and verifying your identity by entering your personal information and uploading a valid Photo ID.
Add a Payment Method: Add a credit/debit card or bank account after verifying your account. This will allow you to fund your account and purchase OUSD tokens.
Choose a Payment Option: You can buy OUSD tokens using various payment methods such as credit/debit cards, bank transfers, or even other cryptocurrencies. For example, you can buy stablecoins like USDT and then exchange them for OUSD on the spot market.
Buy OUSD Tokens: Use the exchange's spot market to find the desired OUSD trading pairs. Place an order to exchange your existing crypto or fiat for Origin Dollar (OUSD) tokens. You can also use services like Fast Trade or P2P to facilitate the purchase.
Confirm Purchase: Preview the transaction details and confirm your purchase to complete the process.
Remember to perform both fundamental and technical analysis and evaluate your level of risk tolerance before investing in Origin Dollar (OUSD) tokens.