FAQ
How does Orca work?
Orca operates as a decentralized exchange on the Solana blockchain, utilizing an Automated Market Maker (AMM) model. Users can swap tokens directly from their wallets, with the platform leveraging Solana's high-speed, low-cost infrastructure to provide efficient trades. The Orca tool also allows users to provide liquidity to liquidity pools, earning a share of fees in return.
Is Orca a secure platform?
Orca prioritizes security by building on the Solana blockchain, which offers robust security features. The platform uses smart contracts that have been audited and, thus, can be used safely. Still, it's important to note that no system is entirely risk-free in the crypto spaces, so users are adviced to double-check all tokens and only trade with what they can afford to lose.
How to use Orca?
To use Orca, users first need to connect a Solana-compatible wallet to the platform. Once connected, they can easily swap tokens by selecting the desired trading pair, entering the amount, and confirming the transaction. For those interested in providing liquidity, the Orca platform offers various pools where users can deposit token pairs to earn fees and potentially participate in yield farming opportunities.
What service does Orca offer?
Orca provides a range of DeFi services centered around its decentralized exchange functionality. The platform offers token swaps with competitive rates and low fees, liquidity provision opportunities for users to earn passive income, and yield farming programs for additional rewards. The Orca service also distinguishes itself with a user-friendly interface and features like concentrated liquidity pools to enhance capital efficiency.
