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Origin DeFiOrigin DeFiby0xe52785a924E85708d568F1a6ab9e2A7C7FA864E60xe527…64E6

Make OGV Deflationary.

Voting ended about 3 years agoSucceeded

Make OGV Deflationary. This is very important to create an effective value loop between the yield accrued by OUSD and the supply and dilution of OGV.

Yes, OGV stakers will earn less OGV but the tokens will be valued a lot more in the long term. Deflationary tokenomics also attract people and new holders for their intrinsic supply reduction.

Governance ‘seats’ will slowly reduce and make voting rights to the network and OGV tokens much more valuable due to a supply shock that will be organic but perpetual.

Off-Chain Vote

Burn 50% of the OGV bought back.
22.11M veOGV22.5%
No, leave it as it is.
76.32M veOGV77.5%
Quorum:984%
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Discussion

Origin DeFiMake OGV Deflationary.

Timeline

Mar 03, 2023Proposal created
Mar 03, 2023Proposal vote started
Mar 05, 2023Proposal vote ended
Oct 26, 2023Proposal updated