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Whirlpools Rotation #2: May 5th19th

Get ready for UST and SAMO Whirlpools, our first triple-reward pools, and more!

Welcome back to our second edition of Whirlpools Rotations! Our ecosystem has been thriving with activity over the past two weeks, and we can’t wait to explore the ocean ahead of us in Rotation #2! 🐳

Our roll-out of concentrated liquidity pools continues apace this Rotation, with a wave of fresh Whirlpools and our first ever Triple-Dip pools…

Read on to discover our new UST and LUNA pools, additional mSOL and stSOL pairs, and to welcome Solana’s friendly mascot SAMO to Whirlpools!

And be sure to stay around for this Rotation’s Deepsea Insights, where we’ll address the whale in the room: the surging activity taking place in our ecosystem! 😉

If you’re new to Orca or concentrated liquidity, be sure to check out our introduction post to familiarize yourself with this fast-flowing environment before diving deeper.

🌊 Whirlpools Rotation #2 🌀

  • Duration: Thursday May 5th, 2022 — Thursday May 19th, 2022
  • Total Rewards: The rewards are detailed below for each Whirlpool with total rewards of ~125K ORCA across all pools (for details on the future of ORCA rewards, read our recent post here). All Whirlpools are now open and rewards will begin on May 5th at ~23:00 UTC. Aquafarms rewards will go into effect at ~20:00 UTC on May 5th.
  • Events: We have several events during this rotation. We’ll be hosting an AMA with Stepn (Friday) and Nova (next Friday). And keep an eye out for a new podcast with Ori and the Phantom team!

Triple-Dip pools

This Rotation, we open our first ever triple-reward pools! LPs can earn three different token rewards plus trading fees in Triple-Dip pools.

(Triple-rewards are only possible in Whirlpools due to advances made at the smart-contract level, so if you hear “Triple-Dip pool” in future, you’ll know it’s a Whirlpool. 😉)

Making the initial dive into this new area of our ecosystem are two liquid staked SOL solutions, Marinade, Lido, and Terra (UST)!

#1: mSOL/UST

  • Marinade rewards: 51,616 MNDE per week
  • Terra rewards: 35 wLUNA per week
  • Orca rewards: 4,000 ORCA per week

#2: stSOL/UST

  • Lido rewards: 5,000 LDO per week
  • Terra rewards: 35 wLUNA per week
  • Orca rewards: 4,000 ORCA per week

Double-Dip Whirlpools

Our range of Whirlpools swells further this Rotation, with numerous additions from other chains outside the oceans of Solana!

Special thanks to all the Terra users from over the sea who voted in support of the proposal to make deeper UST liquidity on Solana possible!

#3: SOL/UST

  • Terra rewards: 140 wLUNA per week
  • Orca rewards: 6,000 ORCA per week

#4: wLUNA/UST

  • Terra rewards: 70 wLUNA per week
  • Orca rewards: 2,500 ORCA per week

#5: SAMO/USDC

  • Samo rewards: 1,000,000 SAMO per week
  • Orca rewards: 1,000 ORCA per week

#6: USDC/UST

  • Terra rewards: 140 wLUNA per week
  • Orca rewards: 5,000 ORCA per week

#7: mSOL/BTC

  • Marinade rewards: 25,808 MNDE per week
  • Orca rewards: 1,000 ORCA per week

#8: mSOL/ETH

  • Marinade rewards: 25,808 MNDE per week
  • Orca rewards: 1,000 ORCA per week

#9: stSOL/BTC

  • Lido rewards: 2,500 LDO per week
  • Orca rewards: 1,000 ORCA per week

#10: stSOL/ETH

  • Lido rewards: 2,500 LDO per week
  • Orca rewards: 1,000 ORCA per week

Whirlpools

All existing Whirlpools will continue and we have three new additions!

#11: BTC/USDC

  • Orca rewards: 1,000 ORCA per week

#12: ETH/USDC

  • Orca rewards: 1,000 ORCA per week

#13: ???

  • A super-secret surprise. Stay tuned! 😉

Aquafarms

As we continue our transition towards Whirlpools, the following are highlighted changes for this rotation:

  • ORCA/SOL rewards have been reduced and will move to zero during the next rotation.
  • ORCA/USDC on Whirlpools will continue to earn ORCA rewards. All other ORCA pairs will be reduced to zero rewards.
  • ETH/USDC and BTC/USDC Aquafarms have been migrated to Whirlpools and rewards will continue on the Whirlpools pairs.

Double-Dip pools (Standard)

#1: ZIG/USDC from the Zignaly team!

  • Double-Dip duration: May 5th, 2022 — July 28th, 2022
  • Rewards: 1,200,000 ZIG (+ ORCA rewards)
Click here to swap or deposit ZIG-USDC!

#2: SAMO/USDC from the Samoyedcoin team!

  • SAMO/USDC has been deployed as a Whirlpool and the standard pool will continue at half rewards until a full migration to Whirlpools on May 19th.
  • Double-Dip duration: May 5th, 2022 — May 19th, 2022
  • Rewards: 4,000,000 SAMO (+ ORCA rewards)

#3: sRLY/SOL & TAKI/sRLY from the Rally Network Association

Important announcement and migration!

Rewards for sRLY/SOL will end this rotation and restart in a freshly deployed pool during the next rotation on May 19th. The same process will occur for TAKI/sRLY.

All funds are safe, but the RLY Network Association has provided an update for users and will provide additional details on conducting this migration:

“We were notified of a critical vulnerability in its Solana Canonical Swap Program. The Canonical Swap instances with mint authority over sRLY were paused as soon as the vulnerability was reported to ensure the vulnerability could not be exploited. The non-upgradable nature of the Canonical Swap program and this instances irrevocable ownership of mint authority over sRLY mean the current versions of this program and the sRLY token must now be deprecated. RLY Network Association will redeploy a new canonical RLY Token on Solana and begin a migration of all supported functionality to this new token. No other uses or transfers of sRLY will be impacted by this migration; the token and all associated liquidity will function as it always has.” — RLY Network Association

Next steps:

  • RLY Network Association will provide an interface for users to one way swap their existing sRLY(v2) to the new sRLY(v3). Orca will share the details for our podmates when they are available.
  • All pools that utilize sRLY(v2) will be deprecated and will relaunch with the same token pairs using sRLY(v3). The Association will continue to provide sRLY(v3) liquidity incentive rewards.

🌊 Deepsea Insights 🌏

With every Rotation, there’s always something interesting going on in the Orca ecosystem! 😉

This week, our ecosystem is livelier than ever before: following the rollout of Whirlpools and our recent integration with web3 lifestyle app STEPN we have breached 130,000 daily active users for the first time ever!

We’re making a whale of an impression on Solana DeFi…

Chart courtesy of @TwoCrows on Dune.

Our journey to become the Apex AMM continues. See below for weekly ORCA rewards, and we’ll see you in the next Rotation! 👋

Weekly ORCA rewards 🐳

See below for an updated list of the weekly ORCA rewards available to LPs outside of Whirlpools.

  • ORCA/SOL: 15,500 ORCA
  • ATLAS/USDC: 5,500 ORCA
  • POLIS/USDC: 5,500 ORCA
  • SHDW/USDC: 3500 ORCA
  • SHDW/SOL: 3000 ORCA
  • MNDE/mSOL: 1,200 ORCA
  • ABR/USDC: 1,100 ORCA
  • SAMO/USDC: 1,000 ORCA
  • HBB/USDH: 1000 ORCA
  • NINJA/SOL: 1,000 ORCA
  • BASIS/USDC: 1000 ORCA
  • MMA/USDC: 1000 ORCA
  • ZBC/USDC: 1000 ORCA
  • CHICKS/USDC: 900 ORCA
  • NOVA/USDC: 700 ORCA
  • BOP/USDC: 700 ORCA
  • MEAN/USDC: 600 ORCA
  • SONAR/USDC: 500 ORCA
  • SLC/USDC: 500 ORCA
  • PUFF/SOL: 500 ORCA
  • LIQ/USDC: 400 ORCA
  • 1SOL/SOL: 350 ORCA
  • SAO/USDC: 350 ORCA
  • COPE/USDC: 350 ORCA
  • scnSOL/USDC: 350 ORCA
  • JET/USDC: 300 ORCA
  • AURY/USDC: 300 ORCA
  • AVAX/USDC: 300 ORCA
  • GOFX/USDC: 300 ORCA
  • SBR/USDC: 300 ORCA
  • scnSOL/SOL: 300 ORCA
  • SNY/USDC: 300 ORCA
  • SAMO/SOL: 300 ORCA
  • SUNNY/USDC: 300 ORCA
  • GRAPE/USDC: 300 ORCA
  • TULIP/USDC: 300 ORCA
  • MNGO/USDC: 300 ORCA
  • LARIX/USDC: 250 ORCA
  • CMFI/USDC: 250 ORCA
  • ZIG/USDC: 250 ORCA
  • SEEDED/USDC: 200 ORCA
  • WMP/USDC: 200 ORCA
  • KIN/SOL: 150 ORCA
  • UNQ/USDC: 100 ORCA

If you’re fresh to Solana and DeFi, take a dive into our beginners guide, Orca for Everyone. And if you’re new to concentrated liquidity, check out our guide on How to Use Whirlpools or our FAQ.

Dive into our Discord or Telegram for support, or just to give us a wave. Happy farming! 🐳

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.

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Orca is the easiest, fastest, and most user-friendly AMM and aggregator on Solana. As a team with deep knowledge of both crypto and human-centered design, we’re on a mission to create the best experiences in DeFi.

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