Origin (OUSD) Review
Rebasing yield stablecoin, MIT and net APY
of 10
Origin charges a 20% performance fee on OUSD yield, states that displayed APYs are already net of that fee, licenses under MIT and names four auditors. OUSD is a rebasing yield-bearing stablecoin that holders can redeem at any time.
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Performance fee
20% of yield
Management/withdrawal fee
None mentioned
Displayed APY
Net of the fee
Receipt token
OUSD, rebasing yield stablecoin
Licence
MIT; auditors OpenZeppelin, Solidified, Trail of Bits, Sigma Prime
Scores
Each criterion carries equal weight. The overall score is the average of these 5 scores — (8.0 + 10.0 + 10.0 + 8.0 + 8.0) ÷ 5 = 8.8.
Pros
- Performance fee published at 20% of yield, with no management or withdrawal fee mentioned
- Displayed APYs already reflect net returns after the fee — stated plainly
- MIT licence, with auditors named: OpenZeppelin, Solidified, Trail of Bits and Sigma Prime
- Holders can spend, transfer or redeem at any time through the Origin dapp
Cons
- A 20% performance fee is at the higher end of the category
- Explicit non-custodial wording is implied by redemption rights rather than stated
- Historical, non-projected performance is not published on the page read
Net returns, stated as such
Origin charges a 20% performance fee on OUSD yield and states clearly that the displayed APYs already reflect returns after that fee. That distinction — between a headline yield and the yield you actually receive — is one many protocols leave a reader to work out, and stating it plainly earns the transparency score.
A rebasing stablecoin you can leave
OUSD is an automatically yield-bearing stablecoin: holders receive income as their balance increases in their wallet through rebasing, and can spend, transfer or redeem at any time through the Origin dapp. That redemption right is what makes the self-custody claim real.
Open and thoroughly audited
The contracts are MIT-licensed with four auditors named — OpenZeppelin, Solidified, Trail of Bits and Sigma Prime — putting Origin at the top of the licence and audit criteria alongside Yearn.
How it compares
Yield Yak
MIT-licensed, no deposit or withdraw fees
Sommelier
Apache-licensed cellars, audits unverified
Harvest Finance
Named audits, ISC only in package.json
Idle Finance
Apache-licensed with net APY and named audits
Pendle
Yield tokenisation with a flat 5% fee
Aura Finance
MIT-licensed with a published fee ceiling
Beefy
Eight named auditors, no licence file
Convex Finance
MIT-licensed with fees published to the basis point
Yearn Finance
AGPL-licensed with a named audit record
Sources
Scored from published primary sources rather than hands-on use. Every figure above comes from one of the pages below, on the date shown. Manufacturers change prices and specifications without notice — if something here no longer matches the source, tell us and we will correct it.
- 1.Origin — OUSD documentation (fee, custody, net APY) — checked
- 2.Origin — origin-dollar LICENSE (MIT) — checked
- 3.Origin — audits — checked
Frequently asked questions
What does Origin OUSD charge?
A 20% performance fee on yield, with no management or withdrawal fee mentioned. Displayed APYs are already net of that fee.
Can I redeem OUSD at any time?
Yes. Origin states holders can spend, transfer or redeem OUSD at any time through the Origin dapp.
Nothing here is financial advice. Editorial policy · How we score · How we're funded.