Orca Introduces New Aquafarm Rotation: Whirlpools Edition
Orca, the most user-friendly decentralized exchange on Solana introduces a new Aquafarm Rotation: Whirlpools Edition.
The Whirlpools Beta continues for another fortnight with two new Whirlpools — USDC/USDT and USDC/UST!
Aquafarm Rotation #18
- Duration: Thursday, April 7th, 2022 — Thursday, April 21st, 2022
- Total Emissions: ~300K ORCA per week (rewards begin on April 7th at 24:00 UTC)
- Events: The Whirlpools Closed Beta will continue running for the duration of this Rotation, from midnight UTC on April 7th through April 21st (more details below).
If you missed their Whirlpools tutorial, watch it here and tune in to their Twitter Spaces on Friday for an AMA with the Friktion team!
Whirlpools
First, a note to current Whirlpools Beta LPs: thank you for testing and pioneering concentrated liquidity on Solana! Orca had been listening closely to the communities feedback and improving the Whirlpools experience daily. The community will soon see a few highly requested features, like better APR estimation, improved transaction handling, and updated portfolio cards.
If you are a current LP in one of the existing Whirlpools, you must migrate your liquidity to continue earning rewards and trading fees to our newly deployed Whirlpools: read more in this thread. There is a new Deprecated section in your Portfolio view to access these pools.
Orca is excited to expand the Whirlpools Beta to welcome their first two stable pools! USDC/USDT and USDC/UST are now open for swaps and deposits and will begin earning ORCA rewards on April 7th at 24:00 UTC.
📌 Note: swap fees earned by LPs are 1 bps for stable pools and 20 bps for non-stable pools.
- USDC/USDT: Their first concentrated liquidity Whirlpool!
- USDC/UST: Soon to be a Double-Dip pool!
With the extension of Whirlpools Beta, there’s a lot to look forward to for the public launch of Whirlpools. Keep an eye out for some unique firsts for Solana DEXs! In the next rotation, there will be a significant number of new Aquafarm and Double-Dip concentrated liquidity pools. (There may even be triple-incentive Whirlpools and something special to welcome spring!
Aquafarms, Double-Dip, and Standard Pools
All the Aquafarms you love will continue, with a gradual transition to Whirlpools. However, they have a few fresh announcements for their current Double-Dip pools:
1️⃣ sRLY/SOL from the RLY Network Association will now earn double sRLY rewards!
Click here to swap or deposit sRLY/SOL on Orca!
2️⃣ BASIS-USDC from the Basis Markets team has been extended through June 30th!
- Double-Dip duration: April 7, 2022 —June 30, 2022
- Rewards: 30,000,000 BASIS (+ ORCA rewards)
3️⃣ The following Double-Dip pools will continue until at least April 21st:
- Most mSOL pools (USDC, USDT, mSOL, BTC, ETH, MNDE)*
- All stSOL pools (USDC, USDT, wstETH, wUST)
- ABR-USDC
- GOFX-USDC
*mSOL/UST, mSOL-SOL, and other UST Double-Dip pools will restart as Whirlpools with the next rotation.
Lastly, Orca welcomes GMT-USDC from the STEPN team to the pod! GMT is now live for swaps and deposits.
Deepsea Insights
With every Rotation, there’s always something interesting going on in the Orca ecosystem!
Orca had been watching their first three Whirlpools. Concentrated liquidity pools are a rare phenomenon—not just in Solana but in all of DeFi — and they are excited to gather data on the activity taking place within them and share insight with the community!
What is Whirpools
Whirlpools allow LPs to concentrate their liquidity around a chosen price range. This creates more efficient markets, with better rates for swaps and higher yields for the best LPs. To learn more about the risks and rewards of Whirlpools, check out their announcement Medium post.
About Orca
