Voting Timeline Update
Update: new on-chain vote opening October 11
Thanks to everyone who has weighed in. We understand the concerns about xORCA holders’ ability to vote, and since we weren’t able to extend the live vote on Realms, we’re cancelling the current on-chain vote and re-posting the same proposal for a new vote, so that all tokenholders who wish to participate have the opportunity to do so. xORCA holders who want to vote can unstake, which takes 7 days, so please start right away, or swap into ORCA on the secondary market at any time before voting closes.
Updated timing: Voting will open on October 11 at approximately 10am ET and close on October 16 at approximately 10am ET, followed by the 2-day cool-down through October 18 at 10am ET.
Vote mechanics: To pass, the proposal needs at least 3,000,000 ORCA voting Yes and more Yes than No votes. During the cool-down, the proposal can’t be implemented and the Council can veto it.
Burn: There is no ongoing burn in the current tokenomics. The April 2025 proposal included a one-time burn of 25% of total supply. Under this proposal, ORCA purchased through the Buyback Account may be burned, added to the xORCA Pool, or used for contributor grants.
The acquisition: As announced on October 7, 2026 at 6 pm ET, Orca has merged with Loopscale: https://www.theblock.co/news/defi/2026-10-07-solanas-orca-merges-with-loopscale-push-to-finance-ai-robotics-defense-417924. Specific deal terms remain confidential under the definitive agreement, and Strategic Account usage will be reported as described in the proposal.
Your feedback: The points raised on reporting and transparency will shape how we implement the proposal, including the first semi-annual report.