Orderly’s first ever governance proposal is live. It’s an important one. We’re proposing to: Pause VALOR emissions Use up to 60% of revenue to buy back $ORDER Send those tokens to a community-controlled vault It’s the first buyback engine for Orderly. 🧵👇

Until now, staking rewards were paid in USDC. But most of that capital sat idle. It didn’t support $ORDER, and it didn’t help the protocol grow. We’re proposing a more aligned path forward.

Instead of USDC rewards sitting idle, we’re proposing a shift: Use protocol revenue to buy back $ORDER, reduce supply over time, and place tokens in a community-controlled vault. At current levels, this could remove 1–2% of supply each year.

This vault is fully governed by you. Tokens won’t return to market unless the community decides: Burn them. Seed liquidity. Fund grants. Incentivize builders. The choice is collective.

There is a trade-off. Staking will no longer generate USDC yield. But governance rights stay with you. And new utilities for stakers are coming as we launch new products. This shift isn’t about taking away — it’s about building something more sustainable. We’re shifting from inflationary rewards to sustainable value creation.

Stakers can redeem their existing share of the USDC treasury at any time. To vote, you must have staked before the proposal went live. We invite $ORDER stakers to vote. 🗳 Vote now →