Orderly Launches ORDER Buyback Function and VALOR 2.0 System

Orderly announced the launch of the ORDER buyback function, where 60% of the fees collected every two weeks will be used to purchase ORDER on the open market. Half of the purchased ORDER will be distributed to stakers, while the other half will go into the community wallet, managed by users through a governance mechanism. Additionally, Orderly has introduced the new VALOR 2.0 system, with the old and new VALOR systems running in parallel. Stakers converting VALOR 1.0 to USDC will not affect their VALOR 2.0 holdings, and VALOR 2.0 will continue to generate esORDER.