Orange Finance Updates Withdrawal Process
Orange Finance Updates Withdrawal Process
🍊 Smoother withdrawals ahead
Orange Finance has implemented a fix for their withdrawal process. The update splits the procedure into two distinct steps:
1. Approve Stryke LP 2. Reserve Liquidity
Users can now manually initiate the Reserve Liquidity step after approving the LP. This change aims to address previous issues with the withdrawal system.
In a related update, the team reported that some liquidity in the old vault remained locked by reserved liquidity on Stryke. They temporarily paused deposits and strategy execution while burning all positions on Stryke. The team expected all liquidity to be ready for migration to the new vault by the following day.
Orange Point Airdrops #5: Derivatives on Arbitrum
Orange Finance has announced updated eligibility criteria for Point Airdrops, focusing on derivatives projects on Arbitrum. Eligible participants include LPs in designated Smilee pools, specific GM token holders for GMX, LPs in AALP for Aark, ALP holders on Arbitrum for APX Finance, and LPs in select GammaSwap pools. With this announcement, all 21 tasks for Chapter 1 have been revealed, offering up to 14,700 points. The snapshot will be taken on August 13th at 1 PM UTC. Users must sign up before the snapshot to be eligible. A step-by-step guide for completing all quests is available.
Alpha Orange Crew Update: New Members and Eligibility Criteria
Orange Finance has announced an update to its Alpha Orange Crew, welcoming new active members who will be eligible for boosted bonuses in the upcoming point program. Qualification criteria include LP holders of specific vaults with deposits over $100, as well as members of Camelot, Honey, and Degen crews. Existing Alpha Orange Crew members will retain their roles. LP holders will be whitelisted based on a future snapshot, while other crew members must submit a form by July 28th for consideration.