Orca DAO Proposes Treasury Overhaul As ORCA Gains 84%

Orca DAO is seeking approval to acquire an unnamed Solana DeFi protocol and transfer key treasury assets to team control as ORCA gained 83.8% over 14 days through Oct. 7.

The proposal would redirect 80% of protocol fees to development, operations and growth. Ten percent would fund xORCA rewards, while another 10% would support team-managed ORCA buybacks.

It would move approximately 14.2 million ORCA from the community treasury into a Strategic Account for acquisitions. The plan also calls for management of about 70,000 SOL held in the community Fee Treasury, which could be used for staking, liquidity and yield strategies.

The proposal would reduce xORCA staking rewards from 40% to 10% and dissolve Orca’s Governance Council. Tokenholder governance would largely be limited to proposals involving future token issuance.

The unnamed target is described as a leading Solana DeFi protocol that could add credit and yield products. The proposal projects that the acquisition could increase Orca’s total value locked by approximately 50%, but it does not disclose the target, purchase price or financial terms.

Voting closes Oct. 10 at 3:42 p.m. ET (19:42 UTC). If the measure receives 3 million Yes votes, a two-day cooldown would follow before implementation.