Orderly has announced a proposal to allocate up to 60% of its net transaction fees for the repurchase of ORDER tokens. According to Community Proposal #2, the repurchased tokens will be split equally, with 50% rewarded to stakers as esORDER, which will unlock linearly over three months, and the remaining 50% deposited into a community governance wallet. The use of funds in the governance wallet will be decided through community governance, potentially for token destruction, liquidity guidance, or incentives.
Additionally, Orderly plans to replace its current USDC-based staking reward system. Stakers will be able to claim their existing USDC funds while retaining their equity. The VALOR mechanism will also be adjusted to link with esORDER rewards, ensuring stakers' equity is maintained during the transition.
Orderly to Allocate 60% of Fees for ORDER Token Buyback and Rewards
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