The current state of DeFi is a profound irony. Although born out of the desire to de-dollarize, DeFi is highly dependent on stablecoins pegged to the US dollar, with nearly $ 100 billion in USDT, USDC, and DAI in circulation. While these assets are more stable than Bitcoin or Ethereum, they reintroduce the dependencies and risks of fiat systems that we are trying to leave behind, such as inflation and centralized, unaccountable monetary policy.
 
First of all, the first project that tried to solve this problem was Olympus DAO. Launched in March 2021, the protocol aims to design a stable asset pegged to the US dollar. It is a well-known project because it has a highly high APY and (3,3) has profiles all over social media networks.
 
OlympusDAO is a project that aims to offer what the project calls a "decentralized reserve currency" OHM token on its website. OlympusDAO sells its tokens at a discount in exchange for tokens such as DAI and liquidity provider (LP) tokens, including OHM. So, for example, users can exchange their OHM-DAI LP tokens, representing a liquidity position on the decentralized exchange Sushiswap for OHM. Olympus calls this mechanism a bond because the discount is paid within five days. This system allows Olympus to own its liquidity, which differs significantly from projects that watch liquidity disappear as rewards are exhausted.
 
Olympus also has an innovative mechanism - the staking feature, which pays users additional OHM tokens in exchange for locking the tokens. It offsets the selling pressure from users' ability to obtain OHM at a discount on the bond. Staking is active – over 90% of OHM is currently staked, according to the project's main dashboard.
 
However, this does not prove that the entire business logic of the project is impeccable. In November 2021, OlympusDAO, a decentralized autonomous organization that provides a stable currency called OHM, experienced a bank run, causing the price of OHM to plummet by more than 90% in just a few hours. The bank run was caused by a complex combination of factors, including concerns about the sustainability of OHM's economic model, a lack of transparency in the DAO's decision-making process, and a perceived lack of responsiveness to community feedback. The bank run exposed flaws in the DAO's governance and decision-making processes and the risks associated with investing in decentralized finance protocols.
 
"Innovating DeFi 2.0" is the theme of ORIGIN. ORIGIN is an upgraded version of the DeFi 3.0 protocol based on the algorithmic non-stable currency LGNS, creating a new privacy-anonymous stable currency A, aiming to establish a global financial benchmark and guide future financial development. Achieve stable and predictable currency issuance through advanced algorithmic technology, reducing reliance on traditional monetary policy and central banks. ORIGIN allows individuals to issue stablecoins through decentralized reserve contracts, breaking the issuance monopoly of traditional banks and central banks and providing greater financial freedom. In addition, ORIGIN proposed the world's first private and anonymous stablecoin cross-chain interaction protocol, which strengthens the privacy protection of transaction data. The ecological layout of the project includes three stages, and each stage brings innovation in the financial field. ORIGIN's core contribution is to promote innovation in algorithmic non-stable coins, subvert traditional currency issuance methods, emphasize privacy protection, and promote decentralization and inclusivity in the financial field. The project combines financial institutions with digital currency technology and innovation, providing more possibilities for the future of the financial sector. Create an accessible, democratic, inclusive, and independent Ordin world with a new set of innovative financial systems.



After analyzing the risks and economic model flaws of Olympus and similar DeFi 2.0 projects, we have further improved the design of ORIGIN’s overall economic model. ORIGIN intensely studied the problems caused by the DeFi, as mentioned earlier 2.0 projects, and learned the following lessons:
1. Governance and decision-making processes should be transparent and responsive to community feedback.
2. Risk management and contingency plans should be in place to deal with potential crises.
3. Decentralized financial protocols are inherently risky, and investors should know the possibility of volatility and sudden price changes.
4. Community participation is crucial to the success of DAO, and community members should have a say in the decision-making process.
5. The DAO can recover from the crisis and take steps to stabilize the situation and restore confidence.
The economic flywheel model was created based on in-depth research, designed to adjust supply and demand automatically to match or offset runaway resonances in the market.
●Supply increases→price decreases
●Price decrease →low premium
●Low premium → price increase (as price returns to a standard multiple of RFV)
● Price increases → more bonds /sold
●More bonds /sell → higher APY
●Higher APY → More demand/staking(3, 3) •
●More demand /pledge → price increase
This system can be formed by coordinating bonds, pledges, and treasury contracts. It can balance the supply and demand of tokens, coordinate prices, guarantee treasury assets, etc. It is like holding a weight scale, which can carry out economic macro-control on the entire agreement data.



On the theoretical basis of ORIGIN's contract economics and the innovative risk control system, the project has a complete operational logic layout in terms of implementation. It contains six significant contracts: treasury contract, sales contract, bond contract, pledge contract, transaction turbine mechanism, and FOMO POT prize pool. Each contract cooperates to build a complete business closed loop. In addition, the selling fee is 3% to repurchase LGNS and use the casting contract to mint the privacy stable currency A at about 50% to 20% off the market price of LGNS, and at the same time, LGNS is destroyed. The treasury contract automatically transfers USDT out of USDT as the anchor reserve for the issuance of privacy stablecoins at a ratio of 1:1 according to the number of privacy stablecoins issued. This part has substantial deflation for LGNS, and at the same time, each stablecoin A is truly riveted by 1 USDT.
 
To sum up, ORIGIN’s innovative incentive mechanism, high composability, innovative financial theory, and complete economic model will revolutionize DeFi 2.0 scenario applications and lead the development of the digital ecosystem. It will innovate financial freedom and safeguard the privacy of human wealth.