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Orca is one of the easiest place to exchange cryptocurrency on the Solana blockchain. On Orca, you can exchange tokens cheaply, quickly, and confidently (thanks to Fair Price Indicator). Additionally, you can provide liquidity to one of the liquidity pools, including our concentrated liquidity pools (Whirlpools) to earn trading fees and token emissions.

How does the Fair Price Indicator work?

When you enter a trade, there are two factors that determine whether we show a Fair price label:

  • Is the price per token within 1% of the rate quoted by CoinGecko?
  • Is the price impact caused by this trade less than 1%?

If either of these two conditions is not met, you'll see either the "Rate Warning!" or "Great Price!" alert in the UI. When a Rate Warning label is displayed you can still trade after acknowledging the warning.

Orca Token Fees

Upon token issuance, we will deprecate the existing liquidity pools, which pay a flat 0.3% to liquidity providers, and launch new pools with the following fee structure (scaled proportionally for pools with lower fees):

  • 0.25% — LPs
  • 0.04% — Orca Treasury
  • 0.01% — Orca Impact Fund

The Orca Treasury is a DAO that ties the value of the ORCA token to Orca itself. The accumulated fees may be used to fund development, manage the token supply through buy-backs, or other initiatives that support the long-term health of the Orca protocol.

The Orca Impact Fund represents the team's commitment to real-world positive impact. The accumulated fees will be donated on a quarterly basis to fight climate change.

Token Distribution

The initial supply is composed entirely of airdrops to existing liquidity providers and traders.

  • 4,000,000 ORCA to Liquidity Providers: Distributed retroactively to existing liquidity providers, weighted by total USD value of liquidity provided since launch by Aug 2, 00:00 UTC (a leaderboard is visible at orca.so/stats)
    Orca Token Distibution
    500,000 ORCA to average traders: Distributed evenly to addresses with a total USD trade value between $1,000 and $10,000 by Aug 2, 00:00 UTC
  • 500,000 ORCA to heavy traders: Distributed evenly to addresses with a total USD trade value ≥ $10,000 by Aug 2, 00:00 UTC
  • 250,000 ORCA to advisors: These tokens were allocated to our advisors, e^{i} ventures, in exchange for sourcing early liquidity for the Orca protocol.

Team and Advisors

  • 20% to team
  • 0.9% to advisors
  • All team members, advisors, and future investors will receive ORCA with a 3-year vesting schedule and 1-year cliff or lockup