Orca Council releases governance proposal for "ORCA treasury for token repurchase and verifier stake"

According to Foresight News, the Orca Council issued a governance proposal for "ORCA treasury for token repurchase and verifier stake". The proposal includes staking all SOLs (about 55,000) in the treasury wallet to the Orca verification node first, and then regularly extracted when needed to execute the Orca repo plan. The plan will be carried out in a decentralized exchange or in partnership with market makers for a 24-month period, with daily repurchase volume capped at 2% of ORCA’s 30-day average trading volume to minimize market shocks. The repurchased ORCA tokens will be stored in a multi-signature DAO treasury wallet. The Commission plans to destroy these tokens to permanently reduce ORCA circulation, allocate them to the xORCA pool as a reward, or use them for ecosystem funding.
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