🏛️Orcadium
Total Rewards: 2,000,000 $wSWELL
The Orcadium is an incentive campaign designed to boost liquidity across Orki Finance's ecosystem through collaborative yield farming. The campaign operates on a shared KPI milestone system where increased Total Value Locked (TVL) triggers higher yields for all participants, creating a cooperative reward structure rather than traditional dilutive mechanics.
What is Orcadium?
The Orcadium campaign goal is to increase $USDK liquidity across Velodrome liquidity pairs and Orki Stability Pools by implementing non-dilutive reward mechanics where higher TVL benefits all participants.
The campaign seeks to strengthen $USDK's position in Velodrome pools and boost protocol security through enhanced stability pool participation.
By creating a cooperative reward structure, the campaign addresses DeFi's traditional reward dilution problem by ensuring that increased participation amplifies yields for all users rather than reducing individual rewards.
Incentive Categories
1. Velodrome LP Deposits
Users can provide $USDK liquidity on Velodrome DEX across three supported pairs:
$USDK/USDe Pool
$USDK/WETH Pool
$USDK/rUSDC Pool
Rewards Structure:
Base rewards: Trading fees + $VELO token rewards
Additional $wSWELL rewards when TVL milestones are reached
Orki Drops: Increased Orki Drops multiplier to 5.0x (from the previous 2.5x!)
2. Stability Pool Deposits
Participants can also deposit $USDK into various stability pools on Orki to earn enhanced rewards:
$ETH Stability Pool
$swETH Stability Pool
$rswETH Stability Pool
$SWELL Stability Pool
$weETH Stability Pool
Rewards Structure:
Base APR: 75% of all interest rate paid by troves for each collateral type
Additional $wSWELL rewards when TVL milestones are reached
Orki Drops: 1.5x multiplier on Orki Drops
Key Campaign Mechanics
TVL Milestone System
Each activity (Liquidity Pools and Stability Pools) has independent TVL minimum and maximum targets, which progressively unlock increased reward distributions.
Milestone achievements benefit all participants in that category
Reward Distribution
Early participants benefit when new users join and increase TVL
New participants immediately benefit from existing TVL momentum
Real-time tracking available through Metrom integration
Concurrent Programs
The Orcadium campaign runs simultaneously with the ongoing Orki Drops program, allowing users to farm rewards from both initiatives concurrently. The Orki Drops program provides the following multipliers during the Orcadium campaign:
Stability Pool deposits: 1.5x Orki Drops multiplier
Velodrome LP deposits: 5x Orki Drops multiplier (enhanced from standard 2.5x for this campaign!)
Borrowing: 1x Orki Drops multiplier (Still active, but not part of Orcadium)
How to Participante in the Orcadium
Bridge assets to Swellchain (Superbridge or Jumper)
Use LSTs/LRTs as collateral to mint $USDK on Orki Finance
Choose participation method:
Provide $USDK liquidity on Velodrome pairs
Deposit $USDK in eligible stability pools
... or a mix of both!
Monitor progress via Metrom integration
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