Orca DAO Show 55K SOL Staking and 24-Month ORCA Buyback
Orca DAO don propose one dual-treasury strategy wey go boost network security and token value. Di plan na to draw 55,000 SOL and $400,000 USDC from dia treasury. E go stake di SOL for Orca validator nodes for Solana. Di proposal still dey launch 24-month ORCA buyback program with market-timed purchases. Di buybacks fit burn tokens, fund ecosystem grants, or reward xORCA stakers. Dem get transparency measures wey include quarterly reports on purchases, average prices, and on-chain wallet disclosures. After four days governance discussion, five-day on-chain vote plus two-day veto period go decide final approval. Orca DAO SOL staking and ORCA buyback strategy dey aim to reduce circulating supply, increase staking revenue, and signal bullish momentum for SOL and ORCA.
Bullish
Di big big SOL staking plus 24-month ORCA buyback wey di proposal get fit boost staking yield dem and reduce token supply, wey be key driver for price increase. If dem do di buyback timing well and make transparency better, e fit reduce market wahala and make investors believe am. Short term, staking money fit attract people wey dey find yield. Long term, if supply reduce and protocol align well with Solana, e go support steady value growth for SOL and ORCA.