Orca Proposal Vote
APR
12
Event date
Saturday 12 April 2025, UTC
Event description
- Orca, a Solana-based decentralized exchange, launched a governance proposal on April 7, 2025, introducing tokenholder incentives like programmatic ORCA buybacks using 20% of protocol fees, $10M in open-market purchases, a 25% token supply burn, and $19M in USDC to fund its development team for two years.
- The proposal includes a liquid staking contract for xORCA, allowing holders to stake ORCA and earn additional rewards, a mechanism previously adopted by Orca in 2022 to enhance long-term holder value, as noted in a Medium post by OrcaDAO.
- Voting, open until April 12, 2025, at 10:45 AM ET, lets ORCA holders shape the protocol’s future, reflecting Orca’s DAO structure where tokenholders govern treasury use, a model that has managed over $10M in fees since 2021 per docs.orca.so.
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