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ORCA meaning in Cryptocurrency ?

Cryptocurrency Miscellaneous in Cryptocurrency . 3 months ago

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OrcaDAO is the first native Stablecoin (AVAI), and Governance token (ORCA) pair that allow for lending using crypto collateral at 0% interest, built on and for the Avalanche Network. The protocol centers around the production, maintenance, and sustained equilibrium of AVAI around a stable value, which will be used by the DeFi community for a multitude of use cases - such as Loans and Yield Farming - with a high level of confidence by using >100% crypto collateral.

The ORCA token is the big brother of the AVAI stablecoin, and is a governance token for the OrcaDAO. ORCA is an ERC20 token, intended to make it's holders part owners of the DAO. It's primary function will be governance and ownership of the DAO, meaning governance abilities including proposing, and voting on initiatives intended to better the health and direction of the DAO.

The primary incentives for holding the ORCA token will be the reception of distributed revenue from ecosystem fees, and governing/optimizing the DAO to incentivize long term sustainable decisions.

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Posted on 03 Nov 2024, this text provides information on Cryptocurrency related to Miscellaneous in Cryptocurrency. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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