Origin Protocol Reveals B-1 Token Transparency Filing and Aggressive OGN Buyback Program
Origin Protocol has made its B-1 Token Transparency Filing through Blockworks' Token Transparency Framework, providing detailed information on its operations and token economics. The filing includes details on governance structure, token allocation, liquidity arrangements, and risk factors. One of the key aspects of the filing is the disclosure of Origin's OGN buyback program, which has removed over 14.8% of the total token supply from circulation through market purchases funded by protocol revenue.
The buyback program was launched in 2025 and has deployed more than $3.5M in protocol fees toward buybacks within its first year. The program has shown a steady cadence, with recent monthly figures showing 4.8 million OGN purchased in April 2026 and 4.6 million OGN in July 2026.
The filing also highlights the shift away from inflationary incentives to a revenue-accrual framework, which was formalized through governance proposals in 2025. The community appears to have bought into this approach, with around 47% of circulating OGN locked as xOGN, suggesting a substantial portion of holders prefer earning yield and participating in governance over selling on the open market.