# ORCA (ORCA) — machine-readable summary

> FORTUNA SIGNAL · FORA-01 evidence dossier · Researched 2026-09-15 · https://ron-delhaye-studios.github.io/fortuna-signal-live/tokens/orca.html

## Definition
Solana-based decentralized exchange and concentrated-liquidity market maker. Official docs describe providing liquidity and earning trading fees on what it calls Solana's most trusted DEX, with concentrated or full-range positions.

## What the holder owns (FORA-01 Q1)
ORCA is the Solana (SPL) governance token of the Orca DEX. Holders govern via the Orca DAO — any holder of 100,000 ORCA can submit an on-chain proposal; proposals pass with >500,000 yes votes and are implemented by the team. ORCA is also used for liquidity incentives, and an xORCA liquid-staking token exists.

## Verification verdict
Class B (Class B) — FORA-01 scale: verification, not a quality ranking.
q1 VERIFIED · q2 VERIFIED · q3 VERIFIED · q4 VERIFIED · q5 PARTIALLY VERIFIED

## Plain-language utility
Governance token for Orca — holders vote on protocol decisions.

## Key risks & notes
No official whitepaper found; summary is based on the official documentation at docs.orca.so. Risks: smart-contract risk, impermanent loss, dependence on Solana, intense DEX competition, governance concentration, and regulation.

## Primary source
- (no whitepaper found — drawn from official project documentation)

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Machine summary generated at build time from the same fields as the human page. Free educational content — not investment advice.