OGV proposal to accept merger

Title

Accept the proposal from OGN holders to merge OGV back into OGN?

Authors

Origin co-founders (Josh Fraser and Matthew Liu) and core team

Summary

Last week, OGN holders voted on merging OGV with OGN to once again consolidate governance and value accrual mechanisms under one token. The goal of the proposed merger is to streamline operations, increase utility and liquidity, and enhance the overall market cap of the merged token. OGN holders voted overwhelmingly to approve the merger. It is now up to OGV voters to decide whether to accept, negotiate, or refuse their offer.

Please read the full proposal on the OGN governance Snapshot for context before voting.

Merging with the OGN token presents significant benefits to OGV holders, particularly in terms of increased liquidity and access to major exchanges. OGN is currently listed on all of the top exchanges that have remained elusive to OGV, including Binance and Coinbase. By consolidating governance and value accrual mechanisms under one token, the core team can concentrate their efforts on driving value to a singular asset. With the team's undivided attention directed towards a single token, the community can expect a concerted effort towards maximizing the merged token's utility, adoption, and long-term value proposition.

Voting options

This proposal has two options:

• Move forward with the proposed OGN and OGV merger
• Do not move forward with the proposed OGN and OGV merger

Voters that are in favor of a merger under different conditions are encouraged to vote No and then provide comments and proposals for alternative mechanics.

Next steps

If the proposal passes, the core team will begin development work on the token merger. The core team will build an app for converting OGV into OGN. Once this app is ready, we would turn off ongoing OGV rewards to veOGV stakers to encourage people to convert over. A future proposal for OGN rewards for veOGN stakers will be put forth soon. The core team will also begin outreach to exchanges, integration partners, and other affected parties.

If the proposal does not pass, the core team will continue building out OGN and OGV and their respective products separately.