Orca (ORCA)

From CryptoWiki

Revision as of 13:00, 30 October 2024 by Grand Master Pepe (talk | contribs)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

DEX on Solana and Eclipse

Basics

History

Founder originally worked with EF and UMA before getting a grant to build an AMM on Solana.

Audits & Exploits

Bugs/Exploits

Governance

Admin Keys

DAO

Treasury

"Since January, the DAO treasury now takes ~12% of fees from high-fee pools (>0.3% rate), taking in $3m+ in fees. 88% of total 30D trading fees are driven by high-fee pools but only account for 16% of total volume."

Token

Launch

9-8-2024 the token was issued.

Token Allocation

  • From the docs (8-2024):

"20% to team [later 5% got again given as a grant]

9.6% to private sale

4.3% to Value Add + Advisory

All team members, advisors, and future investors will receive ORCA with a 3-year vesting schedule and 1-year cliff or lockup."

Utility

"When the token is launched, a set of liquidity pools will turn into Aquafarms. Rather than just trading fees, LPs in Aquafarms will earn both trading fees and $ORCA tokens!"

Other Details

Technology

  • Whitepaper can be found [insert here].
  • Code can be viewed [insert here].

Implementations

How it works

Fees

  • From the docs (26-10-2024):

"Pools with a fee tier of ≥0.3% have the trading fee divided as follows:

87% to the maker (Liquidity Provider)

12% to the DAO treasury

1% to the Climate Fund

For pools with a fee tier of <0.3% all fees are paid to the maker (Liquidity provider)."

Upgrades

Other Details

Oracle Method

Their Other Projects

Roadmap

  • Can be found [Insert link here].

Usage

  • Orca facilitates >40% of Jupiter aggregator volume, >48% Solana DEX market share (23-2-2024). To date, the exchange has facilitated over $40.8B volume, generating $72.4m in fees.

Projects that use or built on it

Competition

Raydium and other DEXs

Pros and Cons

Pros

Cons

Team, Funding, Partners

Team

  • Full team can be found [here].
  • Has Flipside and Reverie as some of their professional delegates (30-11-2022).
  • From the docs (8-2024):

"Orca’s past advisors include e^{i} Ventures (veterans of the DeFi space), Austin Virts (Current Head of Ecosystem and Aptos, former Head of Marketing at Solana), and [current advisor includes] Reverie (leader in decentralized governance design)."

Funding

  • A private sale took place in September 2021 worth $18M, during which 9.6% of the ORCA tokens were allocated. All investors were subject to a one-year cliff, and a two-year linear vest thereafter:

"Series A funding led by Polychain, Three Arrows Capital and Placeholder. Other participants in the funding round include Coinbase Ventures, Jump Capital, Sino Global Capital and Solana Capital."

Partners

(:

Knowledge empowers all and will help us get closer to the decentralised world we all want to live in!

Making these free wiki pages is fun but takes a lot of effort and time.

If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.

SOL tip address: EWewBNBRpBgbECg76MmwSxpsyDsdJ8eua5UAD3VXtwKL