Origin Protocol publishes B-1 Token Transparency Filing, details OGN buybacks

Origin Protocol just filed the crypto equivalent of an S-1, and the numbers inside are worth a closer look. The project submitted a B-1 Token Transparency Filing through Blockworks’ Token Transparency Framework (TTF), a voluntary disclosure standard designed to give crypto projects the same kind of open-book scrutiny that traditional securities face. The filing, announced on August 18, covers everything from governance structure and token allocation to liquidity arrangements and risk factors. It also lays bare the mechanics of Origin’s OGN buyback program, which has quietly become one of the more aggressive supply-reduction strategies in DeFi. The buyback machine Origin Protocol’s core pitch is straightforward: every dollar of net protocol fees goes back into OGN. Not some percentage. Not a split between a treasury and token holders. All of it. Revenue from the protocol’s product suite, including OETH, OUSD, Super OETH, and ARM vaults, flows directly into open-market purchases of OGN tokens. Those purchased tokens are then distributed to xOGN stakers. There are no new token emissions diluting the supply on the other side of the equation. Since the buyback program launched in 2025, ...