Review on Origin Protocol by Pedro O. Alvino M.
Decentralized electronic commerce.
Open source project that was developed by a group of experts with extensive experience in recognized companies, has a service for stores and individuals with the ability to manage their own market in a decentralized way, allowing anyone to publish in a decentralized way. free with various customization tools, a product in which I could accept various payment methods given in cryptocurrencies and bank card, in addition to this it has an OGN token that serves as a governance token for its stablecoin OUSD, which was designed for the DeFi ecosystem.
The development of Origin Protocol is high given that several recognized institutions are entering and associating with its services, since the design of its stable currency allows users to generate passive income without the need to resort to an automated market, in addition the project also It has its own staking in OGN and OUSD, where it also offers returns on platforms such as Uniswap.
At the end of 2020, the project suffered an attack on its vaults in OUSD that it kept in the automated market that caused the loss of 7 million dollars, damaging a large rate of users as well as developers and founders of the project, so The team designed a return plan for users of 100% of the funds, although the system that was designed as a compensation method had limitations for users with large losses.
The OGN project is in constant development in its decentralized e-commerce and security remodeling in OUSD and OGN, so that the OGN token serves as a governance token in for OUSD.
Pros
- Offers fully decentralized e-commerce with payments in cryptocurrencies and credit cards.
- It has its own stable currency that generates passive income.
- Offers a staking system in OGN and OUSD with ample returns.
- It has a large community on its social networks.
- The founders of the project are expert professionals from companies like YouTube.
Cons
- Comes from a capital recovery after an attack on your vaults in OUSD on different DEX exchanges.
- The fee system it contains is very high given that it is based on the Ethereum chain.
