Orderly Community Proposal to Allocate Up to 60% of Protocol Net Revenue to ORDER Buyback

BlockBeats News, August 26th, Orderly community initiated a new proposal, which plans to allocate up to 60% of the protocol's net fees to a regular buyback of the ORDER token, while simultaneously optimizing the staking and VALOR mechanism.

According to the proposal, the buyback will be executed via TWAP based on the revenue of the previous two weeks, with half of the purchased ORDER allocated to stakers (distributed in the form of esORDER with a 3-month linear release), and the other half going to the community governance wallet. The usage (burning, liquidity, incentives, etc.) will be decided through a separate governance vote.

The proposal also includes halting the USDC staking rewards, allowing stakers to directly withdraw their existing USDC holdings; VALOR will be linked to esORDER rewards, and existing holders will seamlessly transition to the new system proportionally. The voting period is 7 days, with a minimum voter turnout of 30% of the total voting power, and only the ORDER staked prior to the proposal submission is eligible to vote.