Congratulations to @OrderlyNetwork for passing the OIP-1 proposal with 98% of the votes in favor on September 1~ This proposal is a huge change for $Orderly holders and builders Because it changes the previous mechanism of paying protocol income to stakers in USDC as staking rewards. This [OIP-1] proposal mainly aims to use up to 60% of the net protocol revenue for regular repurchases of $ORDER, and 50% of the repurchase $Order will be distributed to stakers in the form of esORDER (linear vesting in three months) The remaining 50% will be returned to the community governance wallet! Subsequent uses of $Order in the treasury may be burned/provided liquidity/used as trading incentive rewards, etc...... (will also be voted on by order stakers) USDC rewards received by previous stakers can also be withdrawn at any time! This brings us to a reward mechanism for the Orderly Network VALOR mechanism This proposal is equivalent to an update to the VALOR mechanism The structure of VALOR and...
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