Orderly launches ORDER buyback feature, with 60% of fees used to purchase ORDER on the open market.

Foresight News reports that Orderly has announced the launch of the ORDER buyback feature. Every two weeks, 60% of the fees collected by Orderly will be used to purchase ORDER on the open market. Half of the purchased ORDER will be allocated to stakers, while the remaining portion will go into the community Wallet, managed by users through a governance mechanism. In addition, Orderly has launched the new VALOR 2.0 version, which will run parallel to the old VALOR system. For stakers, exchanging the old VALOR 1.0 for USDC will not affect the holdings in VALOR 2.0. VALOR 2.0 continuously generates esORDER.