Two big sell orders from a single swap: $550k and $650k - via a @multisig user.
$ONyc chart: stable 💪
Our Orca LP Vault delivering stability to the DeFi ecosystem (and our depositors get great yields too!)
@AdiFlips@bsolano07 This vault in particular? Yields from doing LP for ONyc/USDC.
Elemental in general runs various types of strategies on different vaults to generate yields!
We facilitated another $180k market sell order for $ONyc that was executed via a @kamino flash loan.
Price?
Didn't break a sweat.
Our new Orca Vault continues to do amazing plumbing for Solana DeFi.
Stats after 1 day:
@orca_so Pool:
• $118 in total pool fees
• Elemental captured $110, or ~93%
• Elemental represented only ~28% of pool liquidity
Translation: every $1 of Elemental liquidity performed like ~$35 from the rest of the pool.
$ONYc @onrefinance Price:
Before Elemental, price action was choppy.
After Elemental came in, price barely moved.
We facilitated:
• ~$1m in swaps
• A ~$200k sell order
• Continued price stability despite meaningful flow
@elementaldefi gud tech
🚨 New Launch: USDC Orca Vault
The USDC Orca Vault provides liquidity for real-world asset (RWA) pairs, with deployment isolated to Orca.
This vault is in partnership with @orca_so@onrefinance 🤝
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[ Summary ]
The USDC Orca Vault is designed to make RWA liquidity provision simple for depositors.
Users deposit USDC. Elemental manages execution and rebalancing behind the scenes.
DeFi made simple.
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