Orderly's Governance Proposal Passes: Major Changes Coming

🗳️ Orderly's big pivot...

By Orderly Network
Sep 15, 2025, 2:22 PM
twitter

Orderly's second governance proposal has passed, bringing significant changes to the protocol's fee structure and staking rewards.​

Key Changes (2-month buildout):

  • 60% of net fees will fund ORDER buybacks on the open market
  • 50% of buybacks go to stakers as esORDER rewards (replacing USDC)
  • Remaining 50% flows to a community-governed wallet

Technical Upgrades:

  • New VALOR system launches, tied to esORDER treasury
  • Current VALOR shares transfer 1:1 to new system
  • Stakers can claim existing USDC while keeping VALOR benefits

What's Next:

Community discussions will begin soon to design the initial framework for the community wallet usage.​

This marks a shift from USDC rewards to a buyback-driven model aimed at reducing ORDER supply and creating more sustainable value.​

Sources

1/ Our 2nd governance proposal passed a few days ago. Here’s what happens next (buildout ~2 months): Fee flows - 60% of net fees will go into ORDER buybacks on the open market. - 50% of those buybacks will flow to stakers → rewards pivot from USDC to bought-back esORDER. -

Image
98
Reply
Read more about Orderly Network

Orderly Network Launches No-Code Perpetual DEX Builder

Orderly Network Launches No-Code Perpetual DEX Builder

**Orderly Network** has launched a solution to help trading teams avoid running out of runway before implementing their ideas. The platform addresses what they call the **"million-dollar perp DEX problem"** by providing infrastructure that allows teams to build without starting from scratch. **Key highlights:** - Launch available at [dex.orderly.network](https://dex.orderly.network/) - **493 perpetual DEXs** created in under two days since initial launch - **3 DEXs upgraded** and already generating revenue - **9,705 $ORDER tokens** purchased and burned for upgrades **Live examples include:** - [whoistherabbit.com](https://whoistherabbit.com/) - [perpsdex.com](https://perpsdex.com/) - [kmx.exchange](https://kmx.exchange/) One user reportedly **spun up a DEX in five minutes**, demonstrating the platform's ease of use. The service allows builders to launch Orderly-powered DEXs without extensive development time or resources.

🔧 Trading Competition Setup

🔧 Trading Competition Setup

Building trading competitions traditionally requires extensive development work - tracking PnL, volume APIs, leaderboard dashboards, reward systems, and endless testing. **Orderly Network** now offers a streamlined solution through **@fuul_xyz integration**. - DEXs can launch competitions with just a few clicks - Eliminates need for custom development - Automates complex tracking and ranking systems - Reduces setup time from weeks to minutes This integration removes technical barriers for DEXs wanting to engage users through competitive trading events.

🔥 Points Programs Go Live

**Points programs are now live** on Orderly One DEX platform through a partnership with Fuul. Key features: - **Zero-code implementation** - as simple as getting liquidated - Available by popular demand for all DEX builders - Seamless integration with existing Orderly One infrastructure This addition comes after Orderly One's successful first month: - **1,504 DEXs created** since launch - 76 graduated DEXs now earning fees - Over **$10.74B in trading volume** - 147,722 $ORDER tokens burned from fees Major projects like PeanutCoin, BabyDoge, and KodiakFi have already built on the platform. The no-code perp DEX launchpad maintained **zero downtime** during recent market volatility. Graduation costs $1,000 or pay in $ORDER for a 25% discount with token burns.

🔄 ORDER Buybacks Launch

**Orderly Network has activated its $ORDER buyback program**, implementing a bi-weekly system where 60% of platform fees purchase $ORDER tokens from the open market. **Key mechanics:** - Half of purchased tokens go to stakers as rewards - Remaining half flows to community-governed wallet - Existing stakers require no action **VALOR 2.0 introduction:** - New staking system runs parallel to VALOR 1.0 - Current holders receive 1:1 allocation in new system - VALOR 1.0 USDC redemptions don't affect VALOR 2.0 holdings - VALOR 2.0 generates esORDER rewards independently This represents a shift from USDC rewards to esORDER token rewards for stakers, strengthening the token's utility within Orderly's exchange infrastructure. [Full documentation](https://orderly.network/docs/introduction/tokenomics/order-staking/staking#redeem-valor) | [Stake tokens](https://app.orderly.network/staking)

📈 MORPHO Futures Now Live

📈 MORPHO Futures Now Live

**$MORPHO futures trading** is now available with up to **10x leverage** across EVM and Solana networks. Traders can access MORPHO perpetual contracts through multiple DEX platforms including: - WOOFi - Saros - Raydium - What Exchange - Salsadex - PerpsDAO - KodiakFi - Jojo Exchange The listing is also available on any [Orderly One DEX](https://dex.orderly.network/board) platform. This follows recent futures listings for ENSO, GIGGLE, XMR, and other tokens on the same infrastructure.

DeFi