Your complete tutorial to DeFi, liquidity provision, and yield farming on Solana's leading decentralized exchange
Orca Finance is a leading decentralized exchange (DEX) built on the Solana blockchain, offering lightning-fast trades, minimal fees, and innovative liquidity provision features. As a community-focused platform, Orca makes DeFi accessible to everyone.
Download and set up a Solana-compatible wallet like Phantom, Solflare, or Sollet. Secure your seed phrase in multiple safe locations.
Purchase SOL tokens and transfer them to your wallet. You'll need SOL for transaction fees and as trading capital.
Visit Orca.so and connect your wallet. Always verify you're on the official website to avoid phishing scams.
Begin with simple token swaps or explore liquidity provision to earn fees from trading activity.
Instant token exchanges with minimal slippage and the best rates across Solana DEXs
Provide liquidity to pools and earn trading fees from all swap activities in your pool
Stake LP tokens in farms to earn additional ORCA token rewards
Concentrated liquidity positions for advanced capital efficiency
Orca supports major Solana wallets:
Most popular Solana wallet with browser extension and mobile app
Feature-rich wallet with hardware wallet support
Hardware wallet for maximum security
Emerging wallet with xNFT capabilities
Potential loss when providing liquidity to volatile token pairs
Vulnerabilities in protocol code could lead to fund loss
Rapid price changes can affect liquidity positions
Changing regulations could impact DeFi operations
Orca charges 0.3% for trades, which is distributed to liquidity providers. Network fees on Solana are typically under $0.01 per transaction.
Provide liquidity to pools to earn trading fees, or stake LP tokens in farms to earn additional ORCA token rewards on top of trading fees.
Impermanent loss occurs when the price of tokens in a liquidity pool changes compared to when you deposited them. It's "impermanent" because it can reverse if prices return to original levels.
Orca is a well-audited protocol, but all DeFi involves risks. Use hardware wallets, verify transactions carefully, and never share your private keys.
Whirlpools are Orca's concentrated liquidity feature, allowing liquidity providers to specify price ranges for higher capital efficiency and potential returns.
ORCA rewards from farming can be claimed through the "Farms" section. You can stake ORCA for governance rights or provide liquidity with it.
Always verify you're visiting the official Orca website (orca.so)