On Apr 13 at 16:00 PST, the cofounders of Orca held our first-ever AMA (“Ask Me Anything”) event on the Solana Telegram group. As we said at the end of the event… it was sea-riously fun getting to know our community a little better! 🐠
Huge thanks to Chris from the Solana team for moderating this event! ☀️
(Or, download the PDF transcript for nicer…
Since we launched Orca last Thursday, we’ve already been over-WHALE-med by the positive response from the community. (For those of you who already saw this pun on Twitter: We’re sorry. 🐳) Thank you for all the love and support!
Unsurprisingly, the number one thing you want to know is:
“Will there be an ORCA governance token?”
The short answer:
We hope so. But only once the conditions are right (enough organic trading activity and community participation) for Orca to serve the Solana ecosystem even better as a community-run protocol. That could take a few months, a year, or even longer…
There’s a hot new token, and it’s all over your Twitter feed. You head to your favorite DEX to swap for it, only to be reminded of the current state of the world: making the trade would cost you twenty bucks in gas.
If you were active in DeFi during the summer of 2020, you’re likely familiar with the situation I just described. We call it the gas ceiling: fees so high only whales can afford to swim in the space.