# Orca > Put Your Capital To Work On-chain Orca is a decentralized exchange protocol on Solana built around a concentrated liquidity automated market maker. It provides tools for traders, liquidity providers, token creators, and developers to swap tokens, provide liquidity, and launch pools. Orca is a decentralized exchange protocol operating on Solana, built around a concentrated liquidity automated market maker model. It provides swapping, liquidity provision, and pool creation tools that let users trade tokens and earn fees from onchain liquidity. The protocol serves traders, liquidity providers, token issuers, and developers building on Solana. Orca addresses the challenge of capital efficiency in onchain trading by letting liquidity providers concentrate capital within chosen price ranges rather than spreading it across the full price curve. Swaps can route directly through Orca pools or through supported third-party aggregators, and trading fees adjust dynamically based on market volatility. The smart contracts underlying the protocol are open source and have undergone independent security audits. The product suite includes a concentrated liquidity program for yield-generating positions, a portfolio dashboard for tracking and compounding returns, and tools for creating pools for new tokens, including permissioned pools for assets representing real-world value. Governance of the protocol follows a decentralized structure in which token holders vote on proposals and elect a governing council. Orca is used by traders seeking token swaps, liquidity providers earning yield, and token issuers and developers building onchain markets. - Type: Protocol - Sector: DeFi - Status: Active - Founded: 2021-08-01 - Profile: https://thegrid.id/profiles/Orca ## Products - [Orca](https://thegrid.id/profiles/Orca): Orca is a decentralized exchange on Solana built around a concentrated liquidity automated market maker, letting liquidity providers set custom price ranges for their capital and traders swap tokens through a smart router that finds optimal pricing across pools. The platform also offers automated vault strategies that manage liquidity positions on depositors' behalf, and a liquid staking system that lets holders of the platform's governance token stake it for a receipt token to earn a share of protocol fees. Users can create new liquidity pools and list tokens, place range orders, and track holdings through an integrated portfolio dashboard. Developers can build on top of the protocol using publicly available software development kits and APIs. (Decentralised Exchange, Live, Main Product) - [Wavebreak](https://thegrid.id/profiles/Orca): Wavebreak is a token launchpad on Solana that uses bonding curve mechanics to distribute new tokens transparently, graduating successful tokens into liquidity pools for continued trading. The platform integrates CAPTCHA verification with on-chain permission structures to deter automated bot activity during launches. It also runs a rewards program that distributes tokens daily to users based on their trading volume. (Launch Pad, Live) ## Assets - [Orca token (ORCA)](https://thegrid.id/profiles/Orca): ORCA is the governance and utility token of Orca, a decentralized exchange on Solana. Holders vote on protocol proposals such as fee structures and treasury allocation, and can stake ORCA to receive xORCA, which accrues value from protocol fee buybacks. Its supply is fixed at 75,000,000 tokens, distinguishing it from inflationary governance models. (Governance) - [Staked Orca (xORCA)](https://thegrid.id/profiles/Orca): xORCA is a liquid staking token representing staked ORCA on the Orca protocol. It is used for earning yield from protocol fee buybacks while remaining usable in other DeFi applications, and for participating in Orca governance votes. Its value accrues through a rising exchange rate against ORCA, and unstaking requires a seven-day cooldown before redemption. (Liquid Staking Tokens (LSTs)) - [Orcanauts (ORCANAUT)](https://thegrid.id/profiles/Orca): ORCANAUT is an NFT collection of 10,000 generative art characters created for the Orca DEX community on Solana. It is used as a custom avatar on orca.so and grants holders access to exclusive community channels and events. The collection allocated most mint proceeds to fund a DeFi education curriculum for children through a partnership with Aflatoun. (NFT) ## Links - [Documentation](https://docs.orca.so) - [Main](https://www.orca.so) - [Blog](https://blog.orca.so) - [Governance](https://docs.orca.so/governance/tokenomics) - [Privacy policy](https://www.orca.so/privacy-policy) - [Terms of Service](https://www.orca.so/terms-of-use) - [Media Kit/branding](https://docs.orca.so/reference/brand) - [Forum](https://forums.orca.so) - [Twitter / X](https://x.com/orca_so) - [Discord](https://discord.com/invite/nSwGWn5KSG) - [GitHub](https://github.com/orca-so) - [Telegram](https://t.me/orca_so) - [Medium](https://orca-so.medium.com) ## Legal This data is provided under two licensing models. Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. 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