Amid the remarkable resurgence of the Solana ecosystem, Orca is thrilled to present the key figures and notable updates in this treasury report.
Token Treasury
Wallet: Token Treasury Wallet
Amount: 40,287,603.61 ORCA, as of March 31, 2024
Notes
- Token allocation within the treasury remains the same, with no significant changes since the last treasury report.
- In recent months, Orca has mostly stopped new ORCA rewards on liquidity pools, further strengthening the treasury’s position.
Fee Treasury
Wallet : Fee Treasury Wallet
Amount: $ Market value of 17,975,417.83 as of Mar 31, 2024
Notes
- The Fee Treasury’s growth to a market value of approximately $17.9 million (as of March 31, 2024), highlights the effectiveness of a fee reallocation strategy proposed and approved ORCA tokenholders through DAO governance in December 2023. The proposal reallocated ~12% of fees from higher fee tier pools (≥0.3% fee tiers) to the Orca DAO treasury.
- Since January 2024, the Orca DAO treasury has earned over $4m in fees*.
*Due to congestion issues on the Solana network, the schedule for fee conversion transactions was irregular throughout March. Improvements to fix the conversion issue are currently underway.
Climate Fund
Wallet: Climate Fund Wallet
Amount: $ Market value of 1,931,546.81 as of Mar 31, 2024
Notes
- The Orca Climate Fund, a dedicated working group supporting emerging climate-focused entrepreneurs, has been actively making successful seed investments. Key investment highlights to date include :
- Earthshot: Focusing on global ecological restoration, Earthshot utilizes advanced technology and AI to develop tools for large-scale ecosystem regeneration. It operates an AI-powered platform, LandOS, which brings together investors, carbon buyers, and land stewards to finance equitable restoration projects that benefit local communities and enhance biodiversity.
- Inversa: Inversa produces sustainable, high-performance leather by removing harmful non-native species such as lionfish, pythons, and dragonfin. Their approach contributes to environmental recovery by transforming these invasive species into luxury leather goods, aiming to regenerate biodiversity and promote ecological health.
- Demi: Dedicated to mainstreaming composting for urban apartment residents, Demi provides sleek, biodegradable bins, streamlined pickup services, and a mobile app to manage composting efforts. Their solutions integrate smoothly into existing apartment and waste management infrastructures, aiming to effectively reduce food waste and its environmental impact.
- Scope Zero: Scope Zero advances sustainable home technology and transportation upgrades through an innovative employee benefit, the Carbon Savings Account (CSA). This platform allows employers to offer financial incentives for energy-efficient upgrades, reducing carbon emissions and aligning with corporate sustainability goals, while also helping employees lower their utility bills.
- For those interested in applying for a Climate Fund grant or learning more about the Climate Fund, please visit https://orcaclimate.fund/ for further details.
Conclusion
Despite significant market challenges last year, both Orca and the broader Solana ecosystem are demonstrating remarkable resilience, making a strong recovery that underscores a deep commitment to users. In the first quarter of 2024, Orca’s key performance indicators — including $44.3 billion in trading volume and $65.5 million in liquidity provider fees — highlight this significant turnaround.
Looking ahead, Orca’s diverse set of contributors look to roll out critical updates aimed at enhancing the user experience. Anyone interested in shaping the future of Orca DAO is invited to participate in the governance process through the forum at https://forums.orca.so/ and submit on-chain proposals at https://governance.orca.so/dao/ORCA.
Until Treasury Report #6!
Disclaimer: The content of this communication is not financial, legal, business, tax, accounting, or other advice and should not be relied on by any persons as such advice. This communication has not been provided in consideration of any recipient’s financial status or needs. No assessment has been conducted in relation to these issues based on the personal circumstances of any recipient. Each person should consider the contents herein in light of such person’s particular circumstances and consult its own advisors as to legal, business, tax, accounting, financial, and other related matters. Before using the Orca protocol, carefully review all relevant documentation and consider risks, including, without limitation, total loss of funds.
