Origami hOHMPrice

(HOHM)

Origami hOHM (HOHM) is a token within Origami Finance, an automated leverage protocol initially on Ethereum, with planned expansion to Berachain. It offers tailored leverage options, enabling users to efficiently buy, mint, or redeem liquid, maximum-leveraged OHM. Its primary role is to streamline engagement with decentralized finance (DeFi) by providing a capital-efficient way to access leveraged positions. This innovative approach aims to simplify complex DeFi strategies for users.

Origami Finance aims to be a pioneering tokenized leverage protocol on both Ethereum and Berachain. Its core purpose is to facilitate automated "folding," which is leveraged yield farming for yield-bearing tokens (YBTs). By integrating with various third-party lenders, it provides non-custodial leveraged exposure to popular yield strategies through a user-friendly vault interface. This design simplifies and enhances capital efficiency for users seeking amplified returns in DeFi.

Origami vaults, including the hOHM Vault, function as fully automated mechanisms designed to streamline DeFi participation. They eliminate the need for manual reward harvesting, significantly enhance capital efficiency, and actively work to minimize liquidation risk for underlying positions. The hOHM Vault is specifically an "Origami Tokenised Balance Sheet Vault (TBS)," built on the ERC-4626 standard. It operates using a sophisticated balance sheet framework that meticulously tracks various reserve assets and liabilities, ensuring precise and automated management of leveraged positions.

Users engaging with Origami Finance and hOHM should be aware of several inherent risks. These include general protocol-related risks such as liquidation risk, where leveraged positions can be automatically closed. There are also third-party risks, interest rate and liquidity risks, and potential vault deprecation risk. Furthermore, like all DeFi protocols, Origami Finance carries smart contract risk, meaning potential vulnerabilities from bugs or economic exploits are present. Thorough due diligence is always recommended.

Origami Finance prioritizes security by undertaking comprehensive audits. These security assessments are conducted to identify and address potential vulnerabilities within its smart contracts and the overall protocol architecture. The purpose of these audits is to enhance the resilience and trustworthiness of the platform, aiming to protect user assets and ensure the integrity of its operations against potential exploits.

Within the Origami ecosystem, hOHM serves as a specific leveraged OHM token, integral to the protocol's core function of providing tailored leverage. ORIBGT (Origami iBGT Auto-Compounder), however, is described as a distinct component: a decentralized stablecoin and a liquid staking protocol. Origami Finance acts as the overarching platform enabling the minting and management of ORIBGT, while also functioning as a liquid staking protocol itself. Both are part of the broader Origami ecosystem, fulfilling different, yet complementary, roles.