Generate Yield On OGN with Fyde Treasury Protocol

Summary: Proposal to deploy idle OGN from the Origin Treasury into the Fyde escrow contract. This will accrue ~60% APY for the next 6 months and kick off a long-term partnership between Origin and Fyde. Note: No OGN is sold at any point and 100% of deployed OGN is returned to the treasury.

Background: The Origin Treasury currently holds a large amount of OGN. No yield is currently being generated on the treasury’s OGN. Fyde presents a yield opportunity that ensures the protection of 100% coin principal. This yield is paid in FYDE tokens as part of our Treasury Incentive Program.

Why Fyde is providing an allocation of tokens to Origin: Fyde is a treasury management protocol focused on providing a novel route for treasury diversification, native token liquidity, and yield.

By engaging with the Origin Treasury, Fyde can distribute its governance token FYDE to strengthen the Origin Treasury. This also introduces Fyde’s Liquid Vault to the Origin community and opens a relationship between the two protocols for potential future collaborations.

Liquidity Terms: Provide X% of OGN Treasury holdings earn X% of the total FYDE token supply (equivalent to ~60% avg. APY depending on deposit size).

Return Breakdown: 100% of coin principal returned after 6 months.

• FYDE token allocation (payable in % of token supply). All funds can be withdrawn at any point before the end of the 6 months. The option is available if Origin chooses to use Fyde’s Liquid Vault to obtain diversified market exposure.

Fyde Token Allocation: Receive a % of total FYDE token supply. 3.5% unlock at the end of the deposit period. Vesting: 6 months linear.

Next steps: Confirm interest in taking part in the Fyde Liquidity Bootstrapping Program. If this proposal passes, a second proposal to confirm % of OGN Treasury holdings. Deposit into https://escrow.fyde.fi/ Earn FYDE tokens over the next 6 months. Return 100% of the principal OGN deposit.