I really appreciate you noticed this @DefiSquared
We’ve been putting a huge amount of work into the tokenomics, not just optimizing numbers, but rebuilding the entire flow of value
Over the past months, we added a ton of utility, token sinks and went through a deep cleanup removing toxic flow, cutting useless emissions, and eliminating any leakage of $ORDER
We also scrapped trading incentives after realizing most users didn’t value them, and restructured market maker rewards into a sustainable model with healthier liquidity and no more HFTs gaming the system.
We’re still working heads down on refining the token economy and aligning it around every $ORDER believers and power users.
People are not ready for what’s coming next...
Orderly is still so cheap that its staking APR from just a portion of its fee revenue is consistently over 40% without using any token emissions or points to incentivize trading volume. People have become so accustomed to assuming that any high staking yields are padded by token emissions or points farming that they often just glance over it- but in this case it's literally doing $17 Bil a month in volume organically and un-incentivized. The project also just passed a governance vote to begin using up to 60% of fee revenue to perform open market buybacks, which starts this month.
Honestly there's not even much else to add on this point because it's just so clear cut; the market hasn't properly priced in growth potential here at all despite the number of Orderly DEXes starting to increase exponentially and the revenue APR already beating every other top competing perp DEX protocol relative to valuation.
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