The Orca DAO proposal brings significant changes to the Solana ecosystem aimed at improving the Orca decentralized exchange.
Main Goals of the Orca DAO Proposal
Orca DAO, the governing body behind the Orca DEX, has put forward an important proposal centered around two main goals: enhancing the sustainability and attractiveness of the Orca ecosystem. A key aspect is the staking of 55,000 SOL from the DAO treasury, aimed at securing and decentralizing the Solana network.
The ORCA Buyback Program
The proposal includes a 24-month ORCA buyback program. This initiative involves utilizing revenues to repurchase ORCA tokens, which may either be burned, thus reducing their circulation, or used to increase rewards for xORCA holders.
Importance of Solana Staking for Orca
Staking 55,000 SOL in the Orca validator will help ensure the security and decentralization of the Solana network. This also reaffirms Orca’s commitment to the ecosystem and could lead to additional rewards that may be used for future development and community initiatives.
The Orca DAO proposal showcases a commitment to long-term growth and community value by combining Solana staking and an ORCA buyback program, opening new pathways for sustainable development.
