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Orca Proposal Seeks to Redirect Protocol Fees and Dissolve Council
Binance News ·
Binance News reports: Orca community members published a tokenholder proposal on September 29 that would change protocol fee allocation to 10% for the xORCA pool, 10% for the team buyback account, and 80% for team operations. According to ChainCatcher, the proposal also seeks to move about 14.2 million ORCA from the community treasury and about 70,000 SOL from the fee treasury into team-controlled accounts, while dissolving the council and shifting to tokenholder-only governance. The…