Orca Governance Council Proposes Major Tokenomics Overhaul to Strengthen $ORCA’s Ecosystem
In a significant move aimed at boosting its ecosystem and ensuring long-term viability, the Orca (ORCA) Governance Council has submitted a live on-chain proposal to make big changes to the tokenomics of $ORCA and how the protocol’s treasury will be deployed. The proposed alterations seek to shore up the value of the Orca token across the board, encourage holders to stake their tokens for the long haul, and facilitate the platform's growth and continued development in a fast-changing DeFi space. The proposal presents a number of important actions that are intended to serve the dual purpose of benefitting the $ORCA token and its community of holders. These actions all have to do with how the existing treasury can be better employed, and they break down into three broad categories: 1. Using the treasury to undertake strategic buybacks of the $ORCA […]
