Recently, I have been taking a closer look at Orderly's staking mechanism, and I found that it is quite a clever design to change to issue esORDER this time.
To put it simply, the original trading or market making was to get $ORDER, but now it is changed to issue esORDER. With this esORDER you can:
※ Take the stake and earn VALOR (which is the income indicator of the protocol's USDC inventory)
※ Or choose vest (50% in 15 days, 100% in 90 days, half will be destroyed if you don't wait)
This design is quite good, short-term arbitrage can't be directly smashed, long-term participants get more income, and they can also eat the supply decline caused by repurchase and destruction!
The pledged VALOR is not air, it can be exchanged for USDC, and it is settled every two weeks. If you exchange it once, the system will burn the corresponding VALOR, and the one else will get even rarer!
The best part is that this real run is on the agreement income, not relying on emissions, and there is no need to fight for who to send more~
You can stake $ORDER, you can also stake esORDER, and you can even choose Vest and burn, in short, each choice points to get a little more share of the protocol, not pure prostitution!
I'll continue to follow this one, structurally I think it's OK!
#KaitoYap @KaitoAI @OrderlyNetwork @0xArjun @ranyi1115 #Yap
Show original

15.4K
176
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.