The price of Origin Protocol’s OGN increases by 10% as rally triggers are discussed.
The announcement of the OGN-OGV merger denotes growth and consolidation for Origin Protocol.
Stakeholders are expected to benefit from the protocol revenue share and OGN governance.
On April 17, Origin Protocol cryptocurrency attracted investor interest, reflected in a more than 10% increase in OGN’s price. Notably, the recent spike has spurred conversations in the cryptocurrency world over what caused the recent gain.
This price increase, however, coincides with the Origin DeFi DAO’s ground-breaking statement, which portends a significant shift in the protocol’s future direction. The current favorable outlook may have aided gains in the larger cryptocurrency market.
Origin Protocol Price Increases After the OGN-OGV Merger Declaration
Origin Protocol recently announced a momentous decision, and the cryptocurrency community is buzzing with anticipation. The Origin DeFi DAO not only accepted but welcomed the proposal to unite OGN and OGV with wide arms, ushering in a new age of consolidation and growth.
Notably, this strategic change intends to consolidate value and condense the protocol’s offerings under one unified banner, marking a critical time in Origin’s history.
The community overwhelmingly supports the merger, anticipating significant benefits for all parties involved. The merger of OGV with OGN positions Origin Protocol to maintain its lead role in the competitive decentralized finance (DeFi) market.
Stakeholders can anticipate controlling a sizeable chunk of Total Value Locked (TVL) and receiving a cut of protocol revenue from various goods, including OETH and OUSD, with OGN leading the way.
What Comes Next?
Thanks to the merger, PrimeStaked, a robust, liquid restaking platform, will integrate into Origin’s ecosystem. This move will provide users with increased liquidity and support. Origin is taking charge of its groundbreaking Automated Redemption Manager (ARM), a cutting-edge hub for seamless liquidity provision. As a result, expectations are high that OGN’s utility will expand and benefit more users.
Meanwhile, users can expect to vote on a governance proposal to complete OGN’s updated tokenomics as the protocol prepares for the next stage of its development. If authorized, we will implement migration mechanisms to facilitate the conversion of OGV holdings to OGN, ensuring a smooth transition for all parties involved.
Notably, the Origin Protocol’s price was up 9.71% to $0.156 on the last day, and its trading volume increased by 28.52% to $19.19 million from the previous day. In the last seven days, the cryptocurrency has lost over 30% of its value amidst a broader collapse in the cryptocurrency market, even with the latest surge.
