Orca DAO, a decentralized exchange built on Solana, has put forward a proposal to acquire an undisclosed Solana DeFi protocol to expand its credit and yield offerings. The plan restructures protocol fee flows: 10% to xORCA staking rewards, 10% to team-managed buybacks, and 80% to operations. It also seeks to move approximately 14.2 million ORCA tokens, representing 19.8% of total supply, and 70,000 SOL from the community treasury into a new team-controlled Strategic Account dedicated to acquisitions. The market reacted positively: ORCA surged 84% according to SolanaFloor, with recent trading ranging from $2.90 to $3.15. Voting closes on October 10, 2026.
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