Origin Protocol officially relaunched the Origin Dollar (OUSD) on Jan 6., opening deposits and yield gains to investors and featuring a strengthened protocol following a $7 million hack in Nov. 2020.

• Origin’s growth was setback by the hack, but the team has rallied to implement code changes and prepare feature releases in 2021
• The $7 million lost in Nov. 2020 resulted from the exploitation of a reentrancy bug, an worked on several fixes to improve OUSD’s security
• The flash loan attack was one of many that had been executed in 2020 -- with more to follow for the DeFi space, according to Chainlink’s founder, Sergey Nazarov
• Users can turn their USDT, USDC and DAI stablecoins into OUSD, which can be held in any ERC-20 wallet; much like a savings account, it accrues gains for the holder from protocols like Compound
• The team emphasized the security priority going forward, and has already been audited by security and auditing firms Trail of Bits and Solidified
• Upcoming features and programs to be supported by Origin include insurance coverage, additional yield strategies, and more partnerships