BlockBeats news, on June 16, OGN DAO announced that it will buy back OGN tokens worth over 3 million dollars.

BlockBeats news, on June 5, the DeFi protocol Origin Protocol announced that after the successful passage of the latest governance proposal, 100% of the protocol's revenue will now be used to repurchase OGN and distribute it to xOGN holders, with the buyback set to begin before July 4.

PANews reported on June 5 that Origin Protocol, a multi-chain yield DeFi project, announced in its official blog that after the successful passage of the latest governance proposal, 100% of its protocol revenue will now be used to buy back OGN and distribute it to xOGN holders. The move will align Origin's growth with xOGN. As the protocol's revenue grows, OGN stakers will benefit accordingly. A series of OGN buybacks will soon be launched to convert protocol revenue into OGN. These buybacks are ongoing, measurable, and publicly available. There will be no new issuances, and there will be no inflation – only a sustainable yield on the protocol's revenue. In addition, it is proposed to use assets in the DAO's treasury to facilitate OGN staking, which aims to increase OGN purchase pressure by more than $3 million in the form of a buyback. OGN buybacks will begin by July 4.

The OGN Token is the native token of Origin Protocol, showcasing unique value in the NFT and DeFi sectors. It has a market capitalization of $45,703,480 and is ranked 526th in the market. The supply structure is reasonable, with a wealth of application scenarios. Recently, the price has fluctuated significantly, but market interest in it has increased. Investors can choose reliable trading platforms for transactions, and Risk Management is crucial.