Web3 liquidity layer Orderly has announced retroactive escrowed $ORDER tokens

Orderly has announced retroactive escrowed $ORDER tokens for Solana users.

Orderly, the Web3 liquidity layer, has announced that it will be offering retroactive escrowed $ORDER tokens to Solana users who have traded on any Orderly-powered DEX. The traders will be able to claim their share of over 2.3M $esORDER (escrowed $ORDER).

Orderly’s shared order book was integrated into the Solana network earlier this year, enabling Solana traders and trading protocols to access deep liquidity from the omnichain landscape, including EVM networks. As a result, leading Solana DEXs such as Raydium are now powered by Orderly’s liquidity layer, which procures liquidity from a long tail of EVM chains and aggregates it into a single order book.

To qualify for the $esORDER reward, Solana users must have traded on any Orderly-powered DEX during the recent pay period. Those eligible can visit Orderly’s Trading Rewards page, connect their wallet, and claim their share of the 2.3M $esORDER reward. After claiming their $esORDER, Solana users can choose to either stake their tokens to participate in the $ORDER staking program or select to vest their $esORDER and convert it to $ORDER at a later date.

The announcement of the $esORDER reward for Solana traders follows the launch of Orderly’s popular staking program on the Solana chain earlier this week. The program allows Solana users to stake Orderly’s native token and receive trading rewards for fees accrued across its omnichain liquidity layer.

With the introduction of $ORDER staking, Solana network users can now utilize their tokens to earn yield while supporting the growth of Orderly’s cross-chain trading infrastructure. This follows the integration of Orderly’s shared order book on the Solana network earlier this year.

The integration has allowed Solana traders and trading protocols to gain access to deep liquidity procured from across the omnichain landscape, including EVM networks. As a result, leading Solana DEXs such as Raydium are now powered by Orderly’s liquidity layer, which procures liquidity from a long tail of EVM chains and aggregates it into a single order book.

Orderly CEO Ran Yi stated, “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.”

Orderly’s $ORDER staking program, which redirects 60% of all Orderly fees to holders who stake the native token, has proven extremely popular since its inception. More than 4,200 active stakers currently share in a portion of the more than $10M in fees that have been generated to date.

Through staking their tokens on Solana, $ORDER holders can earn a pro rata share of protocol fees generated not just on Solana but across all of the networks Orderly supports. Solana users who participate in the program will be eligible for a share of the same rewards pool currently open to EVM stakers while benefiting from Solana’s low fee environment.

The introduction of $ORDER staking on Solana also highlights Orderly’s commitment to building within the Solana ecosystem. By supplying the liquidity for decentralized exchanges to offer superior pricing, Orderly aims to become the network’s preeminent DeFi solution for unified liquidity.

Solana users can now join the $ORDER staking program at https://app.orderly.network/staking, while $esORDER rewards will continue to be distributed to Solana traders using Orderly DEXs on a fortnightly basis.

About Orderly

Orderly is the infrastructure that lets people trade anything, anywhere via a permissionless liquidity layer that delivers deep, unified liquidity across all blockchains through a single orderbook. Orderly ensures robust liquidity across major chains such as Solana, Sonic, Arbitrum, Base, Mantle, Ethereum Mainnet, OP, and Polygon, and grants traders and exchanges access to over 100 markets through their unified trading infrastructure.

Learn more: https://orderly.network/