Orderly Community Proposes Allocating Up to 60% of Net Protocol Revenue for ORDER Buybacks
BlockBeats News, August 26 — The Orderly community has initiated a new proposal, planning to allocate up to 60% of net protocol fees for regular buybacks of ORDER tokens, while simultaneously optimizing the staking and VALOR mechanisms.
According to the proposal, buybacks will be executed based on the previous two weeks’ revenue using TWAP. Half of the purchased ORDER tokens will be distributed to stakers (issued as esORDER with a three-month linear vesting), while the other half will be allocated to the community governance wallet. The use of these tokens (burning, liquidity, incentives, etc.) will be determined through separate governance votes.
The plan also includes discontinuing USDC staking rewards, allowing stakers to directly claim the existing USDC reserves. VALOR will be linked to esORDER rewards, and current holders will transition seamlessly to the new system on a proportional basis. The voting period is seven days, with a quorum of 30% of total voting power. Only ORDER tokens staked before the proposal submission are eligible to participate in the vote.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: Long-term holders collectively own 14.35 million BTC, accounting for approximately 68.3% of the total supply.
Trending news
MoreAnalysis: Yen Carry Trade Has Significantly Contracted, Bitcoin May Strengthen After Policy Pressure Eases from the Bank of Japan
Analysis: Bitcoin options with a notional value of approximately $23.8 billions will expire on December 26, potentially leading to concentrated liquidation and repricing of risk exposure at year-end.
