- Market Makers : Market makers (or liquidity providers) furnish liquidity to the markets, reducing price fluctuations and facilitating seamless transactions for users. By placing buy and sell orders in the orderbooks of Orderly’s trading infrastructure, they enable traders to execute orders efficiently, without causing significant price shifts. Market makers are motivated by trading profits and liquidity provision rewards, distributed in $ORDER tokens. This setup encourages the continuous provision of liquidity, vital for the network’s operational efficiency and user satisfaction.
- Traders : Traders actively participate in buying and selling assets on the Orderly, contributing to the network’s dynamism and price discovery processes by seizing market opportunities. Interacting with the liquidity provided by market makers, traders boost the network’s trading volume and indirectly enhance its liquidity depth. While seeking profits, traders also play a pivotal role in determining the fair value of assets within the ecosystem.
- $ORDER Holders : $ORDER holders possess the native token of the Orderly, entitling them to a stake in its future. Beyond speculative interests, holding $ORDER tokens grants individuals the right to partake in governance decisions, influencing the platform’s direction and policies. The commitment of $ORDER holders to holding and utilizing $ORDER tokens bolsters the network’s stability and governance integrity.
- Builders : Builders are the masterminds behind the applications and services operating on the Orderly. They develop decentralized applications (dApps), smart contracts, and protocols that enhance the network’s functionality and use cases. As the Orderly serves as an infrastructure layer, builders are instrumental in driving innovation within the ecosystem, fostering adoption through user-friendly applications, and leveraging the network’s capabilities to solve real-world challenges. Incentives for developers may include grants, dApp fees, or funding from the network’s treasury for projects that significantly contribute to the ecosystem’s growth.
$ORDER Token Utility
$ORDER token utilities are deeply integrated into the platform to create a flywheel effect, driving platform adoption and aligning the interests of various stakeholders.- Governance Rights: $ORDER staking empowers token holders to partake in decentralized governance over key aspects of the Orderly as the governance process is formalized. Further details will be announced in due course.
- Earning VALOR: VALOR measures a user’s $ORDER staking position in terms of amount and duration, entitling users to a corresponding share of the protocol treasury.
- Boosting Trading Reward: By staking $ORDER, traders receive a higher share of the trading rewards.
- Boosting Market Making Reward: Staking $ORDER enables market makers to receive a higher share of the market making rewards.
- Other Utilities: Additional $ORDER token utilities will be introduced in Orderly’s upcoming products and third-party DeFi protocols.