Backers of OriginProtocol are pushing to subsidize $OGN token stakers after the NFT marketplace builder slashed royalty fees – the staking program’s revenue feeder. realDannyNelson reports
NFT marketplace builder Origin Protocol may rebalance its tokenomics as it tries to compete in the zero-fee royalty wars without also ostracizing stakers of OGN token, who depend on the platform’s now-slashed fee revenue.
But those fees are going to zero – at least until June. Earlier this month, participants in Origin’s on-chain governancea three month freeze to the 1.25% tax on NFT sales conducted through Origin Story, the protocol’s brand-focused NFT marketplaces service. “We will have a short-term reduction of platform revenues that would otherwise have been awarded to OGN stakers” because of the fee freeze, the subsidies proposal read.showed the protocol’s rewards pools for both ETH and OGN were fully depleted, indicating there were no tokens available to pay out to OGN stakers.
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