Cryptocurrencies News Today

Web3 liquidity layer Orderly has announced retroactive escrowed $ORDER tokens for Solana users. Traders who have used any Orderly-powered DEX on Solana will automatically earn the retrospective trading rewards, with more than 2.3M $esORDER (escrowed $ORDER) available to claim. Traders who used any Orderly-powered DEX on Solana who visit Orderly’s Trading Rewards page can connect their wallet and claim their retroactive rewards. After claiming their share of 2.3M $esORDER, Solana users can elect to stake their tokens to participate in the $ORDER staking program or vest their $esORDER and convert it to $ORDER at a later date.The retroactive $esORDER incentive has been accompanied by the launch of Orderly’s staking program on Solana. This allows Solana users to stake Orderly’s native token and receive trading rewards for fees accrued across its omnichain liquidity layer. The introduction of $ORDER staking on Solana allows network users to utilize their tokens to earn yield while supporting the growth of Orderly’s cross-chain trading infrastructure. Orderly’s decision to launch its popular staking program on Solana follows the integration of its shared order book on the network earlier this year. This has allowed Solana traders and trading protocols to gain access to deep liquidity procured from across the omnichain landscape, including EVM networks. Orderly’s liquidity layer is now powering leading Solana DEX’s, including Raydium. Orderly CEO Ran Yi said, “Bit by bit, we’re breaking down the barriers that separate Solana from the Ethereum ecosystem. First by bringing our cross-chain orderbook to Solana, and now by following suit with $esORDER rewards to Orderly traders and the launch of $ORDER staking. This means that Solana users can now capture the upside to Orderly’s growing trading volume, both on their own chain and on the long tail of EVM networks that Orderly supports.”The $ORDER staking program, which redirects 60% of all Orderly fees to holders who stake the native token, has proven extremely popular since its inception. More than 4,200 active stakers currently share in a portion of the more than $10M in fees that have been generated to date. Through staking their tokens on Solana, $ORDER holders can earn a pro rata share of protocol fees generated not just on Solana but across all of the networks Orderly supports. Solana users who participate in the program will be eligible for a share of the same rewards pool currently open to EVM stakers while benefiting from Solana’s low fee environment. The introduction of $ORDER staking on Solana reinforces Orderly’s commitment to building within the Solana ecosystem. Through supplying the liquidity for decentralized exchanges to offer superior pricing, Orderly aims to become the network’s preeminent DeFi solution for unified liquidity. Solana users can now stake their native $ORDER tokens at https://app.orderly.network/staking, while $esORDER rewards will continue to be distributed to Solana traders using Orderly DEXs on a fortnightly basis. About Orderly Orderly is the infrastructure that lets people trade anything, anywhere via a permissionless liquidity layer that delivers deep, unified liquidity across all blockchains through a single orderbook. Orderly ensures robust liquidity across major chains such as Solana, Sonic, Arbitrum, Base, Mantle, Ethereum Mainnet, OP, and Polygon, and grants traders and exchanges access to over 100 markets through their unified trading infrastructure. Learn more: https://orderly.network/