Orca DAO proposes Solana staking & ORCA buyback program

The Orca DAO associated with the Solana-based decentralized exchange (DEX) Orca, has proposed the staking of 55,000 SOL held in its Treasury into an Orca Validator, according to SolanaFloor via X. Additionally, the proposal calls for the establishment of a 24 month ORCA buyback program. Repurchased tokens would be burned or used for xORCA rewards.