Whirlpools Rotation #5: June 16th — June 30th

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A new Double-Dip Whirlpool with Step, and a unique Whirlpool for Okay Bear enthusiasts with Solvent!

As we sail further into June, we have a short update on new Whirlpools (but one you don’t want to miss! 😉). Read on to learn more about the new pairs arriving on Orca and some Deepsea Insights into what’s going on beneath the surface of our protocol!

Want to build the future of the Solana ecosystem with us? Check out the Whirlpools Builders Program: We’re providing grants of up to $200K in ORCA to developers creating new applications with our Whirlpools. Wave 1 for submissions ends on the 30th of this month — learn more here!

🌊 Whirlpools Rotation #5 🌀

  • Duration: Thursday June 16th — Thursday June 30th, 2022
  • Total Rewards: Total ORCA rewards for this rotation will stand at ~50K ORCA, with the distribution across our pools detailed below. All Whirlpools are now open and rewards will begin on June 16th at ~24:00 UTC. Aquafarms rewards will go into effect at ~20:00 UTC on June 16th.
  • Events: We’re attending Solana’s London Hacker House at the beginning of this Rotation, and hosting a special event for Orcanauts holders in NYC (details to emerge in our Discord shortly). If you’re in the area, be sure to say hello! 👋

Double-Dip pools 🐋

Double-Dip Whirlpools offer LPs two different token rewards plus trading fees.

#1 STEP/SOL from Step Finance

  • Double-Dip duration: June 16th — Sep 8th 2022
  • Compendium rewards: 24,200 STEP per week
  • Orca rewards: 250 ORCA per week

#2 svtOKAY/SOL from Solvent Protocol

  • Double-Dip duration: June 16th — June 30th 2022
  • SVT rewards: 7,000 SVT per week
  • Orca rewards: 50 ORCA per week

Other fresh Whirlpools… 🌀

Whirlpools offer market-savvy LPs the opportunity to compete for higher yields

While these Whirlpools receive no additional token rewards, they are highly capital efficient and provide tactical opportunities for Sharks! 🦈

#3 GOFX/USDC from GooseFX

#4 ZBC/USDC from Zebec

#5 JET/USDC from Jet Protocol

#6 TULIP/USDC from Tulip Garden

#7 MEAN/USDC from MeanFi

Double-Dip duration updates 💧

All Double-Dip Whirlpools supported by AllBridge (ABR/USDC, acCELO/USDC, afFTM/USDC) and Hubble (USDH/USDC, stSOL/USDC, STEP/USDH) have been extended for at least two more Rotations!

We also have a few reward updates in our Standard pools: The LIQ/USDC Double-Dip from LIQ Protocol has been shortened and will conclude on June 30th. Meanwhile, Double-Dip rewards for TAKI/sRLY from Taki and the Rally Network Association have been extended for at least two further Rotations!

🌊 Deepsea Insights 🌏

Would you read a newsletter of deepsea trading data from our DEX and AMM? Vote in our poll here!

With every Rotation, there’s always something interesting going on in the Orca ecosystem…

And this week, trading fees are dominating share of returns for our highest volume pools! That’s a good sign for LPs, earning them attractive yields primarily through trading activity.

Lastly, holding stablecoins? The Hedge and Hubble stable pools are offering attractive yields, but ensure you have ample collateral!

If a brave Shark dives into this Whirlpool and provides liquidity competitively, they stand the opportunity to earn a feast in trading fees! 🦈

Disclaimer: The content of this communication is not financial advice and should not be relied on by any persons as financial advice. This communication has not been provided in consideration of any recipient’s financial needs. We have not conducted any financial assessment based on the personal circumstances of any recipients. Before using the protocol, carefully review all relevant documentation and consider risks including total loss of funds.

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