We'll be diving into June with Splash, a whole boatload of new whirlpools arriving in our ecosystem. Read on to learn more about the arrival of new trading pairs for Orca, a brief update on the Terra airdrop, and some deep-sea insights about what lies beneath the surface of our protocol!
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🌊 Whirlpool Rotation #4 🌀
Time: June 2 (Thursday) - June 16 (Thursday), 2022
Total rewards: The total ORCA rewards for this rotation are about 55K ORCA, and the specific distribution in our pool is as follows. All whirlpools are open now, and rewards will start on June 2nd ~24:00 UTC. The aqua farm rewards will take effect at 20:00 UTC on June 2.
Events: We'll be attending Solana's Austin Hacker House at the beginning of this rotation and Solana's London Hacker House at the end. Be sure to say hello if you're around! Just look for the Orca logo 😉
Triple Reward Pool 🐳
Liquidity providers can receive three different token rewards plus transaction fees in the triple reward pool.
This rotation, with the arrival of STEP/USDH, we will continue to bring our innovative triple reward pool to Orca!
#1 STEP/USDH (STEP by Step Finance, USDH by Hubble)
Triple Reward Duration: June 2nd to August 25th, 2022
Hubble rewards: 1,500 HBB per week
Step Rewards: 13,300 STEP per week
Orca rewards: 250 ORCA per week
Double Reward Pool 🐋
The dual reward pool can provide liquidity providers with two different token rewards plus transaction fees.
#2 CMFI/USDC (CMFI by Compendium Finance)
Double Reward Duration: June 2nd to June 30th, 2022
Compendium rewards: 19,250 CMFI per week
Orca rewards: 150 ORCA per week
#3 CAVE/USDC (CAVE by Crypto Cavemen)
Double reward duration: June 2 to October 20, 2022
Crypto Cavemen rewards: 10,000 CAVE per week
Orca rewards: 250 ORCA per week
#4 LARIX/USDC (LARIX by Project Larix)
Double Reward Duration: June 2nd to June 30th, 2022
Larix rewards: 420,000 LARIX per week
Orca rewards: 100 ORCA per week
Other new whirlpools... 🌀
Whirlpool provides opportunities for knowledgeable liquidity providers to compete for higher returns
While these whirlpools have no additional token rewards, they are highly capital efficient and provide tactical opportunities for sharks! 🦈
#5 MEDIA/USDC (MEDIA by Media Network)
#6 PUFF/SOL (PUFF by Stoned Ape Crew)*
Note: There are two pools that are launching without rewards, but may have them in the next few weeks... 😉
#7 AURY/USDC (AURY by Aurory)
#8 SLND/USDC (SLND by Solend)
#9 jSOL/USDC (jSOL by JPool)
#10 jSOL/SOL (jSOL by JPool)
#11 SBR/USDC (SBR by Saber)
#12 ANA/USDC (ANA by Nirvana)
#13 FAB/USDC (FAB by Fabric)
Dual mining pool (standard version)
Our standard dual mining pool provides liquidity providers with two different token rewards, but within a constant product pool rather than a centralized liquidity pool (vortex pool).
In cooperation with the Lido team, we will restart several stSOL dual mining pools at least in June.
#14 stSOL/USDC:
Lido rewards: 2,500 LDO per week
#15: stSOL/SOL*:
Lido rewards: 1,250 LDO per week
#16: stSOL/USDT:
Lido rewards: 2,500 LDO per week
#17: stSOL/BTC*:
Lido rewards: 1,250 LDO per week
#18: stSOL/ETH*:
Lido rewards: 1,250 LDO per week
#19: stSOL-wstETH:
Lido rewards: 1,250 LDO per week
*Pools marked with an asterisk will be displayed on the Orca UI at least 12 hours before the reward starts, when the Solana network resumes on-chain transactions.
Terra-related updates
The Solana Ecosystem Project is currently evaluating a good avenue to provide Terra 2.0 packaged UST and LUNA holder airdrops to affected users. The Orca team will continue to update everyone when there are new developments.
🌊 Deep Sea Insights🌏
With every rotation, there is always something interesting happening on the Orca ecosystem!
This week, we noticed a serious lack of liquidity in the Avalanche (AVAX/USDC) whirlpool, despite Avalanche’s presence in the wider digital asset ocean…
If a brave shark dives into this vortex pool, offering competitive liquidity, they stand a chance to earn a feast on transaction fees! 🦈
