- Orca Council launches a $10M ORCA token buyback.
- Program incentivizes staking and ecosystem rewards targeting ORCA supply.
- Managed via transparent governance with detailed community reporting.
The Orca Council has launched a significant ORCA token buyback initiative, utilizing SOL and USDC from its treasury to reduce circulating supply, enhance staking, and reward ecosystems.
The buyback seeks to fortify ORCA’s deflationary framework, with potential impacts on market stability and community engagement. Reactions indicate positive sentiment toward long-term protocol sustainability and ecosystem benefits.
The Orca Council has proposed a $10M ORCA token buyback funded by SOL and USDC from its treasury. This initiative targets reducing ORCA’s circulating supply while incentivizing staking and allocating ecosystem rewards.
Championed by the Orca Council, the program involves using protocol fees and treasury assets for buybacks over 24 months. On-chain alignments and governance processes ensure transparency and effectiveness.
The buyback plan may impact market trading volumes and incentivize holders, as buys are capped to limit direct price influence. Community oversight via DAO wallets adds transparency to operations.
Market and community reactions anticipate increased deflationary pressure and support for the token’s long-term value. The Orca Council commits to quarterly public reporting for comprehensive oversight.
Tokens repurchased are slated for multiple uses, including burns or allocation to staking pools. Governance token buybacks often create immediate price support via deflationary mechanics, as illustrated by past initiatives.
Historical buybacks by Orca, Jito, and others suggest this approach may bolster price and demand, with technological and regulatory compliance supported by consistent reporting. Expert insights highlight past successes, reinforcing potential positive outcomes.
“Big news – the Orca Governance Council has submitted a live on-chain tokenholder proposal! The proposal introduces several new mechanics, including: Programmatically using ongoing Protocol Fees to fund ORCA buybacks for staking incentives for ORCA holders $10M of…”
