Total Supply: 1,000,000,000,000

Three tokens:

  • $ORI (governance token) and $stORI (staked $ORI)

  • $GAMI (liquidity insurance provider token)

The protocol has a native token called $ORI, which functions as a governance, utility, and value-accrual token. OOO is supported by a unique multi-asset pool (called “$GAMI”) that earns Liquidity Insurance Providers’ fees through Origami data provision, as DLPs staking into validators, as Curators running nodes, and asset rebalancing of LSDs.

The protocol relies on Delegated Liquidity Providers (DLPs) who deposit liquidity in different cryptocurrencies such as ETH, OP, ARB, MATIC, MNT, or significant stablecoins. By doing this, they mint $GAMI (DLP token). The user can benefit from the so-called $GAMI pool, where liquidity is added, by depositing collateral across a multitude of L1/L2 pairs with Curators. All the collected fees from Curators and Subscriptions go to the $ORI fee pool, which issues fee rewards in an LSD of the staked destination chain, depending on the transacting blockchain.

Supplying delegated liquidity is one of many ways to earn from the platform along with staking one of the three OOO tokens: $ORI, $stORI, $GAMI. The locked OOO tokens' Multiplier Points are proportional to the amount and duration staked (up to a maximum of 3 years). The Multiplier Points value will decay over time and reach zero once the lock duration is over. The staked OOO tokens will then be unlocked. In turn, a OOO participant can use three tokens to compound yield:

ORI token

$ORI is a utility and governance token. Users can choose to stake their tokens and get three rewards:

  • Participate in 10-30% of all generated protocol fees.

  • Earn staked $ORI ($stORI) tokens. These can be staked for rewards or vested to gain other $ORI over a 12-month vesting period.

  • Earn Multiplier Points (MP) that boost the yield. These MPs reward long-term holders without contributing to token inflation.

stORI token

A user can earn such tokens by staking $ORI OR $stORI. If staked, they accrue rewards as follows:

  • Participate in 10-30% of all generated protocol fees (compounded to the payments received for ORI/stORI staking alone).

  • Earn additional staked $ORI ($stORI) tokens (compounded to the $stORI received for ORI/GAMI staking alone).

  • Earn Multiplier Points (MP) that boost the yield (compounded to the MPs received for stORI/GAMI staking alone).

  • The $stORI tokens can also be vested. In this case, the ORI/GAMI staked are reserved, and $stORI no longer accrues the above staking rewards. Instead, staked ORI/GAMI continues to accrue staking rewards. During the following 12 months, vested $stORI gets converted back into $ORI. If a user wants to unlock his vested $stORI, he has to keep some $GAMI in the pool.

GAMI Token

At the core functionality of the oracle is a community-owned Delegated Liquidity Pool (DLP) — the $GAMI pool.

A user can choose to lock assets in the pool, and mint $GAMI, representing the user’s stake in the pool. Newly minted $GAMI are automatically staked and provide earnings to the user:

  • Participate in 20-60% of all generated protocol fees.

  • Earn staked $ORI ($stORI) tokens. These can be staked for rewards or vested to gain other $ORI over a 12-month vesting period.

  • A user can close the position and withdraw supplied collateral at any moment, which triggers a $GAMI burn mechanism. That is the case with a non-inflationary tokenomics model since incentives do not directly yield newly minted $ORI.

Floor Price Fund

The $ORI token has a floor price fund in DLPs and $GAMI. It grows in two ways:

  • ORI/DLP liquidity is provided and owned by the protocol, it receives fees in DLP LSDs and $ORI that are accumulated as the floor price fund.

  • 50% of funds received through Open Oracle Subscriptions are kept for the floor price fund, the other 50% is used for treasury.

As the floor price fund grows, it can be used to buyback and burn $ORI if the (Floor Price Fund) / (Total Supply of $ORI) is less than the market price, this would lead to a minimum price for ORI in terms of DLPs and $GAMI.

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