Orca is an advanced protocol on the Solana blockchain, offering a Concentrated Liquidity Automated Market Maker (CLAMM) that provides efficient liquidity. It has an easy-to-use interface, making it the go-to platform for cryptocurrency trading on Solana. Traders enjoy low-cost, fast, and reliable transactions, along with features like fair pricing, integrated charts, and attractive visuals. Liquidity providers can earn fees and token emissions through Orca's liquidity pools. It's worth noting that as of now, Orca is classified as Shariah compliant since its projects do not have any features conflicting with Shariah principles.
| Category | Details | Status |
|---|---|---|
| Legitimacy | Orca appears to have a clear roadmap, sufficient information about its team, clear project documentation, and a genuine project on the blockchain. These factors contribute positively to the project's legitimacy. | Passed |
| Project | Orca is an advanced protocol built around a Concentrated Liquidity Automated Market Maker (CLAMM) on the Solana blockchain. It offers the most efficient source of liquidity, allowing builders to easily integrate and tap into it through their double audited, open-source smart contract and SDK. Orca provides a user-friendly interface and a human-centered UI, making it the easiest place to trade cryptocurrency on Solana. Traders can benefit from low-cost, fast, and reliable token trading, supported by features like fair pricing, integrated price charts, recent transaction history, improved error messages, NFT profile pictures, Jupiter price comparison, and attractive visuals. Additionally, liquidity providers can earn trading fees and token emissions by participating in Orca's liquidity pools, including concentrated liquidity pools (Whirlpools). | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | The ORCA token has two main use cases: utility and governance. Liquidity providers on the Orca platform earn a portion of fees as compensation for the opportunity cost of providing capital and potential losses. As for governance, a percentage of trades currently goes to liquidity providers, and with the introduction of the governance token, the distribution will be adjusted to allocate portions to liquidity providers, the Orca Treasury, and the Impact Fund. | Passed |
| Staking Method | Orca does not provide the option for single-sided staking. | Passed |
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