Origin Protocol is an Ethereum-powered platform that aims to bring Non-Fungible Tokens (NFTs) and Decentralized Finance (DeFi) to the masses.

Furthermore, Origin Protocol aims to create crypto-centric and user-friendly applications that will enable decentralized applications to rival their centralized counterparts. Origin Protocol also believes that decentralized finance, while growing, is still too cumbersome and complex for retail users. Therefore, even crypto-savvy individuals prefer alternatives like credit cards and mobile payments for ultimate convenience.

After several years of building out a decentralized e-commerce platform, the Origin Protocol project refocused its platform around NFTs and the unique experiences they can enable. Origin Protocol created a marketplace called Origin Story, an NFT Launchpad to simplify NFT issuance and put more control in the hands of creators and has hosted record-setting NFT drops including the 3LAU, Paris Hilton’s NFT drop, and the original “Charlie Bit My Finger” viral video.

Find out more about the tokens

The $OGN is the value accrual token for the entire Origin Story suite of products. In addition, OGN holders can stake their OGN and receive 100% of the platform’s fees. Origin has also joined the DeFi space with its stablecoin, the Origin Dollar ($OUSD). Origin also intends to support users, as they passively earn a yield on $OUSD held in wallets – instead of being staked or locked up in a protocol.

Furthermore, $OGN holders can create and vote on proposals to govern the underlying protocol. This may include: allocating capital across strategies, determining the incentives offered on an ongoing basis, and adding or removing new types of yield-earning strategies.

In addition, the $OUSD protocol is already undergoing a progressive path to full decentralization. As we speak, it outlined four phases to full decentralization and is currently in phase two.

Furthermore, Hyve is also integrating the third token from Origin, namely Origin Dollar Governance, or $OGV, acting as the governance and value accrual token for the Origin Dollar ($OUSD). The token receives 10% of all platform fees via staking.

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.

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ABOUT Hyve Network

HYVE has created a community-driven ecosystem, facilitating collaboration between users in a uniquely decentralized environment. While traditional freelancing websites have been slow in adapting to change, HYVE has introduced payments directly in cryptocurrencies, providing numerous advantages and facilitating interaction regardless of external factors.

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The FTM, OGN, and AURORA Vaults will open for ETH deposits from the public on June 21 at 2 PM ET. Liquidity providers on Rift earn doubled returns and downside loss protection. LPs will be able to claim a POAP to commemorate their participation in the first Rift Vaults on Ethereum. and now announcing Rift Vaults Launching Soon.

Vault Details

Rift allows DAOs to customize their protocol-owned liquidity strategy as an alternative to toxic liquidity mining, through the use of APY floors and lockup periods.

Fantom, Origin, and Aurora will open three Rift Vaults each for their governance tokens. These Vaults will vary in APY floors and lockup periods. APY floors for the Vaults will range from 4.5% to 6% and are set as an additional measure of protection for liquidity providers. Now, with the new APY floor feature, DAOs have set higher protection standards to allow LPs to withdraw at least the APY floor in the event the Vault incurs impermanent loss, except in the most extreme cases.

How to Participate

Starting June 21, 2022, at 2 PM ET, the Rift Vaults will open for public deposit. Browse the available Vaults and use the “Earn” portal to deposit ETH into the Vaults.

Do NOT use the “DAO” portal to deposit governance tokens. These positions do not earn yield and are specifically designed for liquidity-motivated DAOs.

Liquidity providers in these Vaults will be whitelisted for an exclusive POAP to commemorate the launch of Rift’s first public Vaults on Ethereum.

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About Rift Finance

Rift is a decentralized protocol that restructures incentives to improve liquidity across DeFi.

Today’s liquidity structures are parasitic to DAOs; they drain DAO treasuries and shrink market caps. The Rift Protocol allows DAOs to deploy governance tokens from their treasuries to pair with tokens from liquidity providers. By working together, DAOs receive the liquidity they seek and LPs receive double returns and reduced risk. DAOs across several leading Layer 1 blockchains, including Ethereum, Terra, Fantom, and Injective, utilize Rift to unlock sustainable liquidity.

Website | Twitter

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About Fantom

Fantom is a high-performance, scalable, EVM-compatible, and secure smart-contract platform. Fantom’s mainnet deployment—Fantom Opera—is built on Fantom’s consensus mechanism, Lachesis. Fantom is a leaderless, asynchronous, and byzantine fault-tolerant Layer 1 blockchain protocol.

Website | Twitter

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About Origin

Origin is a protocol for creating sharing economy marketplaces using the Ethereum blockchain and IPFS. It empowers developers and businesses to build decentralized marketplaces on the blockchain. Its protocol makes it easy to create and manage listings for the fractional usage of assets and services.

Website | Twitter

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About Aurora

Aurora is an Ethereum Virtual Machine built on the NEAR Protocol. Delivering a turn-key solution for developers to operate their apps on an Ethereum-compatible, high-throughput, scalable and future-safe platform, with low transaction costs for their users.

Website | Twitter

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SOURCE

https://blog.rift.finance/public-launch/

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