An important update on Orca governance: holders of $ORCA have started voting on a proposal that directs 10% of protocol fees to xORCA rewards, 10% to a team-managed buyback account, and 80% to operations and development. The proposal also transfers the ORCA and SOL treasuries to team management and dissolves the governance council. Voting ends on October 10 at 19:42 UTC; this is a proposed plan, not an approved decision. How do you assess the new distribution of powers?

#Orca #Solana