Origin Dollar Integration With Chainlink Keepers

Published on: 01.12.2021

Origin is thrilled to announce that they have integrated Chainlink Keepers to make Origin Dollar (OUSD) rebasing more predictable and user-friendly! The integration furthers Origin’s mission to make $OUSD the easiest and most cost-effective way to obtain the best risk-adjusted yields that DeFi has to offer.

“In our journey to make our platform and OUSD the easiest and most cost-effective way to earn competitive DeFi yields, we will continue partnering with other top DeFi projects that can help us achieve our goals. Integrating Chainlink Keepers delivered a remarkable improvement in user experience for OUSD holders, and was an easy decision given their time-tested security and reliability during even the most extreme market volatility and network congestion.”— Josh Fraser, Co-founder of Origin Protocol.

Previously, OUSD would increase everyone’s balances by distributing earned yield when rebases were triggered by large mints or redeems. However, this meant that users of OUSD did not know when their next yield would arrive.

Chainlink Keepers is a decentralized smart contract automation solution that automatically triggers key smart contract functions based on predefined conditions.

In the future, Origin may change $OUSD to only rebase on the set schedule, as the increased predictability may make OUSD integrations simpler for centralized exchanges. For now, its users can enjoy both scheduled rebases and additional rebases during the day based on user actions.

ABOUT Origin Protocol
Origin Protocol is bringing NFTs and DeFi to the masses. Origin’s flagship products are our NFT platform, which has supported numerous high-profile NFT drops and Origin Dollar (OUSD), the first stablecoin that earns a yield automatically in users’ wallets. Origin’s token is OGN.

ABOUT Chainlink
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.

RESOURCES
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.

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