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$ORDER is the native token of Orderly Network. It aligns incentives across the ecosystem — rewarding participants who provide liquidity, trade actively, build products, and govern the protocol.

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Ecosystem participants

RoleWhat they do
Market makersProvide liquidity by placing buy and sell orders in the orderbook. They earn trading profits and liquidity provision rewards paid in $ORDER.
TradersBuy and sell assets on Orderly, contributing to volume and price discovery.
$ORDER holdersStake tokens to earn a share of protocol revenue and participate in governance decisions.
BuildersDevelop front-end DEXs and other applications on Orderly’s infrastructure. They may receive builder grants based on trading volume, active users, and other metrics.

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Token utility

  1. Governance — Staked $ORDER grants voting rights over protocol decisions as governance is formalized.
  2. Earn VALOR — VALOR measures your staking position (amount and duration) and entitles you to a share of the protocol treasury.
  3. Trading reward boost — Staking $ORDER increases your share of trading rewards.
  4. Market making reward boost — Staking $ORDER increases your share of market making rewards.
  5. Future utilities — Additional uses will be introduced with upcoming Orderly products and third-party integrations.