Origami iBGT Auto-Compounder
ORIBGT
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
ORIBGT is an auto-compounding vault token developed by Origami Finance on Berachain, designed to automate yield reinvestment for iBGT. The tokenomics model is structurally aligned with an auto-compounding wrapper, exhibiting low/transparent fee parameters (1% reward fee, no deposit/exit fees) and a mint/burn elastic supply mechanism. However, significant operational and ecosystem risks persist across multiple dimensions. Active development appears stalled or in maintenance mode following initial 2025 releases, and attributable community presence is minimal with no dedicated channels or governance participation. Market adoption metrics and TVL remain unverified in available sources due to heavy naming collisions and limited visibility. In security, while a solo independent audit exists, it highlighted an unverified attack vector regarding partial fund theft without documented remediation confirmation, and no multi-signature/tier-1 audit reviews were identified. A notable data gap exists for Team and Governance (scored -1.0 due to a lack of disclosed team credentials or governance mechanisms), requiring its weight to be redistributed proportionally among remaining categories. Overall score is calculated strictly from the remaining sections without triggering red-flag caps.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Origami iBGT Auto-Compounder (ORIBGT)
ORIBGT (Origami iBGT Auto-Compounder) is a yield-bearing vault token developed by Origami Finance on Berachain. Functioning as a liquid wrapper for Infrared Protocol's iBGT, the token is designed to automate the process of claiming and reinvesting protocol yield. ORIBGT operates on a mint and burn model tied directly to underlying asset deposits and withdrawals rather than functioning as a standard governance or fixed-supply asset.
The vault operates with a fee structure consisting of zero deposit or exit fees and a 1% reward fee retained by the treasury, with 99% of generated rewards reinvested into the position approximately every 10 minutes. Because ORIBGT serves strictly as a receipt token for automated yield compounding, it does not confer voting rights or protocol governance capabilities to holders.
Several structural and operational risks have been documented for the token. Security history is limited to an independent, solo audit that flagged an attack scenario involving the potential theft of up to 33% of funds in certain system components, with the report excerpt lacking confirmation of post-deployment remediation. Additionally, the project lacks disclosed team identities, formal governance structures, and public TVL metrics in available documentation. Development activity and community engagement also appear minimal, with no recent code updates or active community channels identified following initial announcements.