Orca Wave 1 Of The Whirlpools Builders Program
Announcing Orca Wave 1 of the Whirlpools Builders Program!
A new wave of innovation is rolling into the Orca ecosystem… Specifically, Orca Wave 1 of the Whirlpools Builders Program!
The Builders Program was launched in late May to grow the Orca ecosystem by incentivizing developers to build on Orca’s capital-efficient Whirlpools.
Since then, there have been an overwhelming number of applications to build on Orca’s open source, dual-audited Whirlpools smart contract across the entire DeFi stack!
Program Objectives
Projects submitted to the Builders Program were assessed on the following objectives:
- Enable a wider range of users to access concentrated liquidity through Whirlpools
- Achieve better rates for LPs and traders by improving capital-efficiency
- Develop a more decentralized ecosystem of products and developers
In turn, there are three key target areas that are particularly crucial for new projects where Orca can assist:
- Capital: Projects need funding to get off the ground and hire expertise in development blind spots
- User Acquisition: Orca’s thriving userbase can serve as a launchpad for innovative new projects
- Mentorship: Orca’s cutting-edge development team can provide expert assistance to builders starting out in DeFi
Twenty-five projects applied for a grant, and the strength of the concepts submitted is a testament to the passion of the Orca community. Many started building even before their grant was finalized!
As recipient projects come to fruition in the coming months Whirlpools will become even easier to use, offer greater utility, and provide more market transparency.
Liquidity Management
These grant recipients are building vault products on Whirlpools to improve usability and extend functionality.
Tulip
Tulip is building a concentrated liquidity vault that reduces divergence loss and auto-compounds rewards.
Kamino (Powered by Hubble)
Hubble is building Kamino, a vault that gives LPs exposure to the benefits of concentrated liquidity without continuous rebalancing. It also offers a novel method to use Whirlpool LP positions as collateral.
Website | Twitter |
Investin
Investin is building vaults on Whirlpools and Mango v3 with active liquidity provision executed by vault managers. LPs will be able to monitor activity through a UI that shows vault positions with performance charts and expected APRs.
Boson
Boson is building single token vaults to auto compound and aggregate Whirlpools yields.
Vyper
Vyper is building delta-neutral vaults on Whirlpools that incorporate efficient leveraged farming.
Goblin Gold
Goblin Gold is building a vault protocol that will aggregate yield across stable assets. The team aims to increase the composability of Whirlpools NFT positions by providing users with a fungible LP token.
HedgeFarm
Hedge Farm is building automated concentrated liquidity management solutions using quantitative strategies.
Trading Tools
These grant recipients are empowering traders on Orca with more sophisticated trade execution.
Autonomy
Autonomy is building an on-chain protocol to assist with various order types for Orca traders, including limit orders and stop losses. Their autoswap feature introducing limit orders is already live!
Quantitative Tooling
These grant recipients are building analytical tools to help users better understand market dynamics.
APY.Vision
APY.Vision is building performance statements and analytics (PnL) in a slick UI for Whirlpools liquidity positions.
Compass Labs
Compass Labs is building intelligent algorithms for providing liquidity on Whirlpools (a tool for easy access to active liquidity provisioning in Orca’s Whirlpools while optimizing for the investors’ risk-adjusted returns).
Mayflower
Mayflower is creating liquidity bootstrapping tools to initialize liquidity for new or low-liquidity assets and pools.
