Orca DAO Proposes Treasury Strategy for Solana Staking and ORCA Buybacks to Enhance Protocol Value

Key Points

1. Orca DAO plans to stake 55,000 SOL and repurchase ORCA tokens over a 24-month period using Treasury holdings of SOL and USDC.

2. The buyback program aims to reduce the circulating supply of ORCA tokens and may distribute repurchased tokens as rewards or for protocol needs.

3. Purchases will be carefully timed to minimize market impact, and repurchased tokens will be held in a multi-signature wallet under DAO control.

4. The proposal includes a governance process with a 5-day voting period and a 2-day cooldown phase for tokenholder vetoes.

5. The strategy follows a previous successful initiative involving a 25% supply burn and $10 million in buybacks, which increased ORCA's price by 76.8%.