Charting Smart Routes Through Stormy Seas.
🌊 Whirlpools Rotation #22 🌀
- Duration: Thursday February 9, 2023 — Thursday February 23, 2023
- Total Rewards: Total rewards of ~6K ORCA for this rotation across all pools, plus additional project rewards on select pools. All Whirlpools are now open and rewards will begin on February 9th at ~24:00 UTC.
- Be on the lookout next week for new smart order routing on the Orca UI that will give you better execution and more reliable trades using liquidity across multiple whirlpools.
- Keep an eye out for new ORCA rewards on Whirlpools that are taking over for their standard pool counterparts. Still an LP in standard pools? Check out this migration guide to move over!
New Whirlpools… 🌀
Tokens making their first appearance on Orca
LMDA-USDC (1.00% fee tier) from LMDA
HXRO-USDC (0.30% fee tier) from HXRO
WBTC-SOL (0.01% fee tier) from Wormhole
WBTC-USDC (0.01% fee tier) from Wormhole
WBTC-ETH (0.01% fee tier) from Wormhole
Migration note for LPs Orca’s standard pools: rewards on Double-Dip pools ended on January 26th, and rewards have been migrated to their Whirlpool counterparts! Read this migration guide to get all the details.
- Full deposits are now live: full-range deposits allow users to mirror a standard pool position, while still using Orca’s concentrated liquidity pools. Your position will earn lower yields compared to concentrated positions, but it will not need to be rebalanced.
- All standard pools now have full-range deposits available for their Whirlpool counterparts
- Have feedback on full-range deposits or need help using Orca’s concentrated liquidity pools? Hop in our Discord!
Reward incentives for pools migrating to Whirlpools from standard pools: to help encourage LPs in standard pools to move liquidity to the corresponding Whirlpools instead, Orca is continuing a rewards campaign on the following pools:
GMT-USDC (0.30% fee tier) from StepN
- ORCA rewards: 125 ORCA per week
mSOL-USDC (0.30% fee tier) from Marinade
- ORCA rewards: 250 ORCA per week
BOP-USDC (1.00% fee tier) from Boring Protocol
- ORCA rewards: 125 ORCA per week
- BOP rewards: 25k BOP per week
MNDE-mSOL (0.30% fee tier) from Marinade
- ORCA rewards: 125 ORCA per week
- MNDE rewards: 100% of emissions from the Marinade liquidity gauge
stSOL-USDC (0.30% fee tier) from Lido
- ORCA rewards: 250 ORCA per week
- wLDO rewards: 375 wLDO per week
ATLAS-USDC (0.30% fee tier) from Star Atlas
- ORCA rewards: 250 ORCA per week
POLIS-USDC (0.30% fee tier) from Star Atlas
- ORCA rewards: 250 ORCA per week
SHDW-USDC (0.30% fee tier) from GenesysGo
- ORCA rewards: 250 ORCA per week
SAMO-USDC (0.30% fee tier) from Samo
- ORCA rewards: 250 ORCA per week
AURY-USDC (0.30% fee tier) from Aurory
- ORCA rewards: 125 ORCA per week
🌊 Deepsea Insights 🌏
Congratulations to Rónán McCabe for winning the Orca track in the LamportDAO Sandstorm hackathon for his project BonkIncinerator! Rónán won $1,500 USDC for his open source project that allows users to burn unwanted tokens and automatically swap the proceeds for BONK using the Orca SDK.
Next week Orca will be launching a new smart routing feature when trading through the Orca UI that will provide improved price execution when trading across multiple whirlpools in one trade. This smart router should provide reliable trade execution with fewer failed trades than other existing order routing solutions. Be sure to check back late next week and see it in action!
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Disclaimer: The content of this communication is not financial advice and should not be relied on by any persons as financial advice. This communication has not been provided in consideration of any recipient’s financial needs. We have not conducted any financial assessment based on the personal circumstances of any recipients. Before using the protocol, carefully review all relevant documentation and consider risks including total loss of funds.
