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ECOSYSTEM UPDATES

Whirlpools Rotation #3: May 19th — June 2nd

Nine new Whirlpools join our ecosystem, including one triple-reward pool!

Welcome back for another Whirlpools Rotation! While the ocean of DeFi is getting stormy, the development of our concentrated liquidity AMM continues apace with nine new Whirlpools.

🌊 Whirlpools Rotation #3 🌀

  • Duration: Thursday May 19th, 2022 — Thursday June 2nd, 2022
  • Total Rewards: The rewards are detailed below for each Whirlpool with total rewards of ~80K 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 19th at ~23:00 UTC. Aquafarms rewards will go into effect at ~20:00 UTC on May 19th.
  • Events: We’ll be joining BetDEX for an AMA on Thursday and hosting Nova Finance for a Roadshow AMA on Friday! And stay tuned for several announcements around the upcoming Solana Hacker Houses 😉

Triple-Dip pools

LPs can earn three different token rewards plus trading fees in Triple-Dip pools.

This Rotation, we continue bringing our innovative triple-reward pools to Orca with a new Triple-Dip Whirlpool from Hubble and Lido!

#1 Lido: stSOL/USDH (USDH by Hubble, and staked SOL by Lido)

  • Triple-Dip duration: 19th May — 16th June
  • Hubble rewards: 2,500 HBB per week
  • Lido rewards: 2,500 LDO per week
  • Orca rewards: 500 ORCA per week

Double-Dip pools

Double-Dip Whirlpools offer LPs two different token rewards plus trading fees.

We have eight new Double-Dip Whirlpools opening in our ecosystem this Rotation. Notable additions include the arrival of Hedge.so, Allbridge, and the WOOF community token!

#2 Hedge USD: USH/USDC (USH by Hedge.so)

  • Double-Dip duration: 19th May — 11th August
  • Hedge rewards: 17,500 HDG per week
  • Orca rewards: 1,000 ORCA per week

#3 Hedge: HDG/USDC (HDG by Hedge.so)

  • Double-Dip duration: 19th May—11th August
  • Hedge rewards: 12,500 HDG per week
  • Orca rewards: 1,000 ORCA per week

#4 Hubble USD: USDH/USDC (USDH by Hubble)

  • Double-Dip duration: 19th May — 16th June
  • Hubble rewards: 2,000 HBB per week
  • Orca rewards: 500 ORCA per week

#5 WOOF DAO: WOOF/USDC (WOOF by Woof)

  • Double-Dip duration: 19th May — 16th June
  • WOOF rewards: 2,500,000 WOOF per week
  • Orca rewards: 50 ORCA per week

#6 Allbridge: ABR/USDC (ABR by AllBridge)

  • Double-Dip duration: 19th May — 16th June
  • Allbridge rewards: 4,000 ABR per week
  • Orca rewards: 1,000 ORCA per week

#7 acCELO/USDC (Celo bridged by AllBridge)

  • Double-Dip duration: 19th May — 16th June
  • Allbridge rewards: 400 ABR per week
  • Orca rewards: 200 ORCA per week

#8 afFTM/USDC (Fantom bridged by AllBridge)

  • Double-Dip duration: 19th May — 16th June
  • Allbridge rewards: 200 ABR per week
  • Orca rewards: 100 ORCA per week

#9 stSOL/wstETH (staked SOL and ETH by Lido)

  • Double-Dip duration: 19th May — 16th June
  • Lido rewards: 2,500 LDO per week
  • Orca rewards: 250 ORCA per week

Double-Dip pools (Standard)

Our standard Double-Dip pools provide LPs with two different token rewards, but within a constant product pool rather than a concentrated liquidity pool (Whirlpool).

#1 Rally Network: sRLY3/SOL (sRLY3 by the Rally Network Association)

  • Double-Dip duration: 19th May — 16th June
  • Rally rewards: 604,800 sRLY3 per week
  • Orca rewards: 1,300 ORCA per week

#2 Rally Network: TAKI/sRLY3 (TAKI by Taki App)

  • Double-Dip duration: 19th May — 16th June
  • Rally rewards: 50,000 TAKI per week
  • Orca rewards: 500 ORCA per week

Migration notes:

  • Last week we noted the Rally Network Association will be migrating to a new sRLY token (mint: sRLY3migNrkC1HLgqotpvi66qGkdNedqPZ9TJpAQhyh). On Orca’s UI, these new pools are denoted as sRLY3-SOL and sRLY3-TAKI. Please migrate your tokens and use the new Double Dip pools. After this migration, the notation will switch to using this new version of sRLY.
  • The team has created a front end interface (https://migration.rly.network/) for users to be able to swap for new sRLY from Legacy sRLY (RLYv2 ) or Wormhole RLY 1:1.

Update on the Terra Network

Last week we paused rewards to UST based pools given the network halt and UST de-peg. The Terra community is currently evaluating proposals to determine a path forward for the chain. While we will continue to monitor the community activity, it is likely these pools will be deprecated and we will announce next steps to deprecate existing pools before the next rotation.

🌊 Deepsea Insights 🌎

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

While we face a storm in the ocean of DeFi today, Orca continues to prove itself as the Apex predator in the seas of Solana. Daily Active Users of Orca (unique Solana addresses making at least one successful transaction on Orca per day) remain above 100,000, dominating other DEXs with >75% of total Solana DEX usership!

Chart courtesy of @TwoCrows on Dune

Weekly ORCA rewards 🐳

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

SHDW/USDC: 3,000 ORCA

ATLAS/USDC: 2,750 ORCA

POLIS/USDC: 2,750 ORCA

SHDW/SOL: 2,500 ORCA

BASIS/USDC: 1,000 ORCA

ZBC/USDC: 1,000 ORCA

SAMO/USDC: 1,000 ORCA

MNDE/mSOL: 800 ORCA

NOVA/USDC: 500 ORCA

HBB/USDH: 500 ORCA

CHICKS/USDC: 500 ORCA

BOP/USDC: 500 ORCA

LIQ/USDC: 50 ORCA

SLC/USDC: 400 ORCA

LARIX/USDC: 250 ORCA

ZIG/USDC: 250 ORCA

NINJA/SOL: 200 ORCA

WMP/USDC: 200 ORCA

SONAR/USDC: 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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