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Origin ProtocolOrigin Protocolby0x96FEb7b6F808dd2BBd09c9E5ccdE77caBd58d019Micah Alcorn

Move OUSD governance to new Snapshot space

Voting ended over 3 years agoSucceeded

This current space (snapshot.org/#/origingov.eth) has been the home to our governance process for Origin Dollar and Origin Story over the past year. It has seen the passage of substantial proposals such as the unanimous approval to distribute 100% of Origin Story platform fees to OGN stakers as well as the launch of OGV, the new governance and value accrual token for OUSD. Now that Origin's two products have their own governance tokens and distinct roadmaps, it makes sense to transition from this single space to separate spaces for each.

We are specifically proposing to move OUSD governance to a newly created space (snapshot.org/#/ousdgov.eth), which will require participants to hold veOGV, the vote-escrowed representation of staked OGV. The minimum threshold for new proposals has been set to 10,000 veOGV and the quorum requirement will be 10,000,000 veOGV.

The new space will primarily serve as the venue for our weekly strategy allocation vote, which allows interested stakeholders to determine how OUSD's backing funds are allocated across our three preapproved yield strategies. We will soon be launching an on-chain, binding vote portal at governance.ousd.com, but some governance actions are infeasible on-chain. Snapshot will continue to be used for signaling and for votes that have been approved to be conducted off-chain.

Off-Chain Vote

For: transition OUSD governance
1.35M OGN100%
Against: no change
0 OGN0%
Download mobile app to vote

Discussion

Origin ProtocolMove OUSD governance to new Snapshot space

Timeline

Jul 16, 2022Proposal created
Jul 16, 2022Proposal vote started
Jul 18, 2022Proposal vote ended
Mar 04, 2026Proposal updated