ORCA Soars Over 60% as Buyback-and-Distribute Proposal Gains Approval and Community Buzz Builds
The post ORCA Soars Over 60% as Buyback-and-Distribute Proposal Gains Approval and Community Buzz Builds appeared on BitcoinEthereumNews.com.
Today, a token from the decentralized exchange (DEX) ORCA on the Solana blockchain has surged more than 60% in value, placing it among the very top daily gainers in the cryptocurrency market. This price spike comes amid heightened enthusiasm over a recently passed proposal to put into place a buyback-and-distribute mechanism—a financial strategy that seems to be gaining in popularity across many leading DeFi platforms. Orca’s proposal to introduce a buyback-and-distribute mechanism has reached quorum, $ORCA up >60% today The buyback-and-distribute experiment continues to gain traction, with Orca now set to join GMX, Maple, Aave, and others who have approved various iterations Unfortunately,… pic.twitter.com/IjwKvA0OFM — aj (@0xwatercup) April 11, 2025 The proposal, having met quorum and passed community governance, represents a sea change for the Orca protocol and has helped thrust the token back into the spotlight. Now trending in crypto media and trader communities, ORCA is being scrutinized closely by investors as they assess the newly approved capital flow model and its potential ramifications. A DeFi Favorite Joins the Buyback Bandwagon Decentralized finance has long had mechanisms for buyers to accrue tokens and sell them. Now DeFi protocols are trying another way to incentivize tokenholders. It’s called the buyback-and-distribute mechanism. Its usage is on the rise, along with what appears to be a shift in DeFi toward think-ing more earnestly about how protocols accrue value and reward tokenholders for holding. Why buyback and distribute? That question is somewhat answered by considering what DeFi has been doing lately. ORCA is the name of a decentralized exchange on Solana’s blockchain. 🗣️ As the weekend kicks off, the top trending tokens seeing an uptick from their usual discussion levels of social media are: 🪙 Ethereum $ETH: Discussions have spiked revolving around Ethereum’s performance compared to Bitcoin and other cryptocurrencies. Many users express……
Filed under: News - @ April 13, 2025 6:28 pm