Orderly Launches $esORDER and Staking on Solana to Boost Cross-Chain Liquidity

Orderly’s staking program on Solana has been launched in tandem with the retroactive $esORDER reward. Solana users have the option to either vest their $esORDER and convert it to $ORDER at a later time, or stake their tokens to take part in the $ORDER staking program. For Solana users, Web3 liquidity layer Orderly has announced retroactive escrowed $ORDER tokens. With over 2.3M $esORDER (escrowed $ORDER) available for claim, traders who have utilized any Orderly-powered DEX on Solana will automatically get the retrospective trading rewards. Traders may link their wallet and get their retroactive incentives by visiting Orderly’s Trading Rewards page after using any Orderly-powered DEX on Solana. Moreover, Solana users have the option to either vest their $esORDER and convert it to $ORDER at a later time, or stake their tokens to take part in the $ORDER staking program after claiming their portion of 2.3M $esORDER. Orderly’s staking program on Solana has been launched in tandem with the retroactive $esORDER reward. The native token of Orderly may now be staked by Solana users, and trading rewards for fees accumulated across its omnichain liquidity layer can be obtained. With the launch of $ORDER staking on Solana, network users may use their tokens to generate revenue and contribute to the expansion of Orderly’s cross-chain trading infrastructure. After integrating its shared order book on the network earlier this year, Orderly has decided to deploy its well-liked staking program on Solana. As a result, deep liquidity sourced from many omnichain landscape, including EVM networks, is now accessible to Solana traders and trading protocols. Leading Solana DEXs, like as Raydium, are now powered by Orderly’s liquidity layer. Orderly CEO Ran Yi said: “Bit by bit, we’re breaking down the barriers that separate Solana from the Ethereum ecosystem. First by bringing our cross-chain orderbook to Solana, and now by following suit with $esORDER rewards to Orderly traders and the launch of $ORDER staking. This means that Solana users can now capture the upside to Orderly’s growing trading volume, both on their own chain and on the long tail of EVM networks that Orderly supports.” Since its launch, the $ORDER staking program has been very successful, rerouting 60% of all Orderly fees to holders who stake the native ctoken. Currently, over 4,200 active stakers get a percentage of the over $10 million in fees collected so far. $ORDER holders may profit from a pro rata portion of protocol fees collected on Solana and any other networks that Orderly supports by staking their tokens on Solana. In addition to taking use of Solana’s low pricing environment, program participants will be entitled for a portion of the same rewards pool that is now available to EVM stakers. Orderly’s dedication to developing within the Solana ecosystem is further shown with the launch of $ORDER staking on Solana. Orderly wants to become the leading DeFi solution for unifying liquidity in the network by providing the liquidity needed for decentralized exchanges to provide better pricing. While $esORDER rewards will still be given to Solana traders utilizing Orderly DEXs every two weeks, Solana users may now stake their native $ORDER tokens at https://app.orderly.network/staking. Source: https://thenewscrypto.com/orderly-launches-esorder-and-staking-on-solana-to-boost-cross-chain-liquidity/