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Origin Protocol is an Ethereum-based DeFi project that builds yield-bearing stablecoin and token products (OUSD, OETH) and operates Automated Redemption Manager (ARM) vaults, deploying collateral into onchain strategies on protocols such as Morpho and Curve.
Reasonable, but a real recurring loss source is present
Loss axis only (yield/fees excluded). Curator-level Expected Loss, TVL-weighted across the live book. v1 (curatorwatch-risk-methodology-v1.md), schema 1.0.0 · model 4b840ab · updated 2026-07-06.
Daily closing AUM from CuratorWatch snapshots — hover for any day. History begins when tracking began, not at the curator’s inception.
| Deal | |||||||
|---|---|---|---|---|---|---|---|
| OUSD Vault V2 | USDC | morpho | B+ | $4.14M | 4.57% | 0% | — |
EL grade is the vault’s Expected-Loss rating from CuratorWatch’s loss-anchored model — the annual loss an LP should expect (probability of loss × severity), graded A+ (lowest expected loss) through E. Hover a grade for the modeled bps/yr and confidence interval; “—” means not yet rated. Deal links open the deposit flow for vaults this curator currently offers through Turtle, with TVL and APR pulled live from the opportunity.
Healthy liquidations repay lenders in full; bad debt is the loss signal. Full event detail lives in the Liquidations lens.
TVL grew 82.6% in 24h ($1.72M → $3.15M). Strong capital inflow.
TVL fell 17.0% in 24h ($2.06M → $1.71M). Monitor for continued outflows.
TVL fell 21.2% in 24h ($2.48M → $1.95M). Significant capital outflow detected.
TVL fell 17.4% in 24h ($2.87M → $2.37M). Monitor for continued outflows.
TVL fell 16.7% in 24h ($3.00M → $2.50M). Monitor for continued outflows.
TVL fell 11.6% in 24h ($3.45M → $3.05M). Monitor for continued outflows.
TVL fell 13.0% in 24h ($4.09M → $3.56M). Monitor for continued outflows.
TVL fell 23.0% in 24h ($4.35M → $3.35M). Significant capital outflow detected.
TVL grew 34.9% in 24h ($2.58M → $3.48M). Strong capital inflow.
TVL fell 31.8% in 24h ($3.77M → $2.58M). Significant capital outflow detected.
TVL grew 88.7% in 24h ($1.97M → $3.71M).
TVL grew 88.7% in 24h ($1.97M → $3.71M).
TVL grew 88.7% in 24h ($1.97M → $3.71M).
TVL grew 88.7% in 24h ($1.97M → $3.71M).
Users with positions across multiple vaults