What it is
Orca's Whirlpools let liquidity providers concentrate capital in a price range for higher fee capture. It also runs the Wavebreak launchpad and permissioned pools for tokenized assets.
What you can do
WhirlpoolsConcentrated liquidity pools with adaptive fees.
WavebreakBonding-curve launchpad that graduates into Whirlpools.
Permissioned poolsPools for KYC-gated tokenized assets, since May 2026.
How to get started
- Swap on orca.so or via any aggregator.
- To LP, open a Whirlpool, set your range and deposit.
- Stake ORCA to get xORCA (7-day unstake cooldown).
Fees
Pool fees vary by tier and are paid to liquidity providers, with a protocol share.
Risks to know
- Out-of-range positions stop earning.
- Impermanent loss on volatile pairs.
- Merger details may change token and product structure.
- Smart contracts can have bugs. Only deposit what you can afford to lose, and check you're on orca.so before connecting.
Recent updates
Announced merger with Loopscale to form Formation.
Permissioned pools launched.
Numbers from DefiLlama, snapshot Oct 18, 2026. Facts checked Oct 19, 2026. This page is educational, not financial advice.
