Red Flags With Origin Protocol OGN
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- No clear direction
- 2019: E-commerce play
- 2022: GameFi play
- 2022: Split OGV from OGN
- 2024: DeFi play, make 180 degree turn and merge OGV back to OGN
- Lack of teamwork between product and engineering
- Founder highlights "product and engineering issues" in Discord when asked about delays in PRIMEETH withdrawal amidst 28.69 % impermanent loss
- Smart contracts use different formulas for voting power and rewards, yet product uses the conflating term "APY" in the proposal
- Engineering wonders in Discord about deciding on the value of OGN rewards as the go live date draws near, and product sneaks in this value without mention in the proposal
- "Issue" between frontend and backend highlighted in Discord hours before go live on Ethereum Mainnet, and founder calls emergency meeting
- Attitude of team members
- Founder flexes "seven figures" worth of assets in Discord when asked about PRIMEETH withdrawal amidst 28.69 % impermanent loss
- Product replies "can't wait for the community to catch up" in Discord amidst delays in merging OGV back to OGN
- Uses Yu Pan (PayPal co-founder) in the team video despite Yu Pan moving on to start Mindy
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