Aquafarm Rotation #17: Whirlpools Edition (Mar 24th — Apr 7th)
Concentrated liquidity pools are opening in the Orca ecosystem for the first time!
Aquafarm Rotation #17
- Duration: Thursday, March 24th, 2022 — Thursday, April 7th, 2022
- Total Emissions: 300K ORCA per week (rewards begin on March 24th at 24:00 UTC)
- Events: The Whirlpools Closed Beta will run for the duration of this Rotation, from midnight UTC on March 23rd through April 6th (more details below). And tune in to our Twitter Spaces on Fridays to to learn more about the projects we’re listing on our DEX. Come aboard at 16:30 UTC this week for an AMA with the Marinade team to discuss the future of Solana DeFi!
The arrival of Whirlpools: Concentrated Liquidity on Orca
After many months of preparation, we’re very proud to announce the arrival of Whirlpools on our AMM!
Whirlpools are concentrated liquidity pools. They offer savvy LPs the opportunity to compete for higher yields, while offering better rates to traders. We expect concentrated liquidity to make significant waves in DeFi, and you’ll see many more Whirlpools coming to Orca in future Rotations. To learn more about concentrated liquidity, check out our announcement post!
The Whirlpools Closed Beta will be accessible only to holders of our Orcanaut NFTs (if you’d like to take a swim in Whirlpools but don’t yet own a ‘naut, you can adopt one here), and shall feature three concentrated liquidity pools.
Additionally, Whirlpools will not take any fees for the Orca Treasury during the Beta or upon public launch! This will increase yields for LPs and lower prices for traders, which will in turn support the long-term growth of the protocol. However, this could change in the future as a function of governance.
Our first three Whirlpools
As Whirlpools mark a new frontier for Orca and our podmates, we’ll be keeping our first concentrated liquidity pools simple.
SOL/USDC: The native currency for the Solana ecosystem, the SOL/USDC Whirlpool is a straightforward pool for LPs to experiment with concentrated liquidity.
ORCA/USDC: ORCA is Orca’s governance token and is used to participate in future governance, from proposing to voting on initiatives across the protocol.
The ORCA/USDC Whirlpool is a good candidate for users looking to express their views on the market on a smaller market cap coin. A potentially higher risk and higher reward Whirlpool due to volatility in smaller coins versus SOL.
mSOL/USDC: mSOL is Marinade Finance’s representation of staked SOL in their liquid staking protocol and can be utilized across DeFi and to earn staking yields.
The mSOL/USDC Whirlpool is a good candidate for holders of mSOL to earn dual yields, earning staking yields from Solana and trading fees from the pool.
Whirlpools sport a custom UX interface, and once the Beta goes live can be accessed directly from the Orca homepage via the “Whirlpools” tab. Stay tuned to our Twitter for more details as we dive into the Beta, and join the #orcanautical Discord channel to chat with your fellow podmates and provide any feedback on this new arrival to our AMM. We hope you enjoy exploring this exciting new area of the Orca ecosystem!
Aquafarms, Standard Pools, and Double-Dips
There will be no new Double-Dip pools this rotation; with the arrival of Whirlpools, it’s all hands on deck for the Orca team!
But we are happy to announce that several of our existing Double-Dip pools which were due to conclude in this Rotation have been extended.
The following Double-Dip pools will continue until April 7th:
- All mSOL pools
🌊 Deepsea Insights 🌍
With every Rotation, there’s always something interesting going on in the Orca ecosystem! 😉
This Rotation, we draw your attention to the Zebec and Sol-wrapped Rally Double-Dip pools. These joined us mid-way through our last Rotation, so have only recently begun their journey on Orca and may have slipped under your radar. With contrasting liquidity and volume stats, they are both boasting strong APRs!
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. All persons are encouraged to seek their own independent financial advice prior to taking any further action.