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Orca DAO Proposes 55,000 SOL for ORCA Buybacks & Staking

orca dao

Orca DAO has proposed to utilize approximately 55,000 SOL from its treasury for ORCA token buybacks and staking on the Orca validator. This significant proposal has entered a five-day voting period by ORCA token holders. Afterward, a two-day waiting period will begin. The core aim of this strategic move is to strengthen the protocol’s long-term value and sustainability. 

ORCA Buybacks and Supply Management 

The main focus of the proposal is to purchase ORCA tokens from the open market using a portion of the treasury’s SOL assets. This buyback process is planned to continue for 24 months. The repurchased ORCA tokens can be used for various purposes within the ecosystem, such as being burned to reduce circulation or added as rewards in xORCA staking pools. Additionally, they can be allocated as grant funds for projects within the Orca ecosystem. 

To limit price volatility, daily buyback transactions will be capped at 2% of ORCA’s 30-day average trading volume. This limit aims to minimize sudden market impacts. 

Orca Validator and Security Infrastructure 

Another crucial aspect of the proposal is staking the treasury’s SOL in the Orca validator. This move supports the validator infrastructure on the Solana network while enhancing the security and stability of the Orca ecosystem. Moreover, this staking action will generate passive income for the DAO treasury, strengthening the protocol’s financial resilience. Thus, both technical infrastructure and Orca’s network position are fortified. 

Transparency and Community Control 

If implemented, Orca DAO commits to conducting the process with full transparency. All actions will be supported by on-chain data, sharing information such as the total amount of ORCA bought back, average purchase price, and wallet addresses used with the community. 

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