The proposal aims to boost the Orca protocol through staking SOL to enhance network performance and a 24-month buyback plan with structured voting and transparency measures.
Orca DAO introduced a new treasury proposal on Aug 6, allowing the Governance Council to stake up to 55,000 SOL to a specific validator and execute a 24-month $ORCA token buyback using treasury holdings of 55,000 SOL and $400,000 USDC. The proposal outlines measures to minimize market impact, includes mandatory quarterly transparency reports, and features a four-day discussion, five-day on-chain vote, and a two-day veto cooldown. It builds on an earlier proposal from April 2025 that resulted in a significant price increase.