Principles

Progressive Decentralization

OUSD is designed to be a decentralized protocol governed by many stakeholders all over the world. We believe that the minters and holders of OUSD should collectively determine important protocol decisions as soon as possible.

That being said, in the very early days, it is imperative that the core engineering team can act quickly and decisively to build the foundational parts of the protocol.

Decentralization will progress across four phases rapidly over the next few months. It is our intent to relinquish control and governance to the community as soon as possible.

Timelock

Prior to full decentralized governance, we will implement a timelock in front of all admin function calls, giving OUSD users time (48 hours) to withdraw their funds if they have objections to our proposed upgrades. This timelock will be added shortly after launch.

New and Existing Stakeholders

OUSD is a new project founded by Origin Protocol team and will be supported by the existing Origin community as well as many new stakeholders that choose to mint, hold, use, and provide liquidity for OUSD.

In addition, we also want to ensure high participation from our existing Origin Token (OGN) holders, community of close to 500,000 members, and buyers/sellers on the Platform. Existing OGN holders will be able to stake their OGN to participate in governance and earn incentives for driving value to OUSD. More details will be provided in the near future.

The strong connection between OUSD and the rest of the Origin commerce platform will fuel growth in both initiatives.