Our first whirlpool rotation has begun!
Following the success of the closed beta, the whirlpool will now be open to all whales! 🐳
announcementannouncement!
During the closed beta, testers in the whirlpool used theirOrcanaut NFTto gain access and provide liquidity in the whirlpool. What we observed during testing was encouraging, with a total locked value of $10 million and a daily transaction volume of $10 million.
Today, we are officially opening deposits to the entire Solana ecosystem. (Builders can also start integrating withWhirlpools SDK!) We are proud of the fact that we areThe Journey of a Top AMMto achieve this key milestone.
To celebrate the official launch, we will also be launching seven new Whirlpools with double-mining rewards! When we migrate our existing pools to support Whirlpools, we will be updating ourAqua Farm RotationSay goodbye and hello to something new: the whirlpool rotation.
🌊 Whirlpool Rotation #1
Period: Monday, April 25, 2022 - Thursday, May 5, 2022
Overall rewards: The specific rewards for each whirlpool are as follows. The Whirlpool will open at approximately 12:00 UTC on April 25, and the rewards will start 24 hours later at approximately 12:00 UTC on April 26.
Event: We will be hosting an AMA with Lido to discuss SOL liquidity staking, and their boost to the Solana NFT ecosystem! Follow us on Twitter for the link.
Stir up a new vortex...
We'll be making public appearances with some of our most widely traded partners and our favorites —Marinade and Lido!
orca.so/whirlpools
#1: mSOL/USDT
Marinade rewards: 51,616 MNDE per week
ORCA rewards: 4,000 ORCA per week
#2: mSOL/UST
Marinade rewards: 51,616 MNDE per week
ORCA rewards: 2,000 ORCA per week
#3: mSOL/SOL
Marinade rewards: 17,205 MNDE per week
ORCA rewards: 2,000 ORCA per week
#4: stSOL/USDC
Lido rewards: 12,500 LDO per week
Orca rewards: 10,000 ORCA per week
#5: stSOL/USDT
Lido rewards: 7,500 LDO per week
Orca rewards: 4,000 ORCA per week
#6: stSOL/UST
Lido rewards: 5,000 LDO per week
Orca rewards: 2,000 ORCA per week
#7: stSOL/SOL
Lido rewards: 2,500 LDO per week
Orca rewards: 2,000 ORCA per week
All existing whirlpools will continue to be available. Over time, our existing constant product pool rewards will slowly decrease while the corresponding swirl pool rewards will increase. If you're currently swimming in our regular pool, now is a great time to transfer your liquidity! (Tip: you can now see real-time reward amounts in our whirlpool UI!)
🐳 Additionally, Orca vaults will continue to not charge any fees for whirlpools. This will further increase yields for liquidity providers, lower prices for traders, and support the long-term growth of the protocol.
If you're new to Solana and DeFi, dive into our beginner's guide »Orca for Everyone". If you're new to pooling liquidity, check out our guide on "How to use a vortex" or ourFAQ。
orDiscordortelegraphfor support, or to wave with us. Happy Mining! 🐳
