A decentralized exchange on the Solana blockchain.
Similar to Orca
Orca is a decentralized cryptocurrency exchange operating in the Solana network. The exchange allows to swap tokens in the Solana network, participate in liquidity pools, and engage in staking. The exchange saw the light of day in 2021.
To work with the exchange, users need to connect a web3 wallet that supports the Solana network. There are 81 coins and 127 pairs on the exchange. The exchange of tokens is carried out in the interface of the automatic market maker (AMM). There are two types of exchange for users - any token exchange and stable exchange. In Stable Swap, the user selects two tokens between which he wants to exchange, enters the amount and exchanges the tokens. Article from project CryptoDeFix. In Stable Swap, the user has only 2 stabelcoins (USDT and USDC) between which he can exchange. Commissions on the exchange start at 0.20%.
In Orca, users can both create and participate in existing liquidity pools. Pools have an APY that users can earn. It is always different depending on the pair. Orca has its own native ORCA token, which is used in DAO, with which transactions can be made.
- Swap tokens on Solana
- Participation and creation of liquidity pools
- Low fees
- NFT collections
- ORCA staking
Decentralized exchanges (DEX)
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