Co-Harvest (buy-back-and-burn) with OCH in Orchai ecosystem
The article focuses on giving information about Orchai’s Co-Harvest & one prominent utility of OCH token — participating in this mechanism.
As of now, OCH – Orchai’s native token – can be used with 4 main objectives including Co-Harvest, Reward, Payment & DAO Governance. In which, Orchai’s Co-Harvest is an innovative mechanism taking after the OraiDEX model, allowing participants to bid with their tokens in auctions for rewards. Please continue reading to learn more about Co-Harvest, and how OCH holders can benefit from it.
What is Co-Harvest in Orchai?
Orchai presents Co-Harvest, which is a feature that aims to incentivize token holders by letting them earn rewards while contributing to the liquidity provider incentives within the ecosystem. Through this, OCH holders can actively engage in the Orchai’s growth and sustainability, as well as reap the benefits of their token holdings. In short:
• You can use OCH to bid for an allocation of our revenue at discounted rates.
• After winning, winners will get the rewards while their bid OCH will be burnt, lowering the inflation for OCH.
Orchai Co-Harvest mechanism for OCH holders
- Bidding: All OCH holders can bid at various discount tiers in the “qualifying round” – it will decide who can participate in the final auction for rewards.
- Harvest Pool: Regularly filled up with 30% of the revenue of Orchai.
- Auction Finale: The final price is decided at the auction’s close, with bids fulfilled on a first-come-first-serve basis starting from the lowest tier
- Frequency: Periodic Co-Harvest auctions ensure continuous fee accumulation, with remaining funds rolled over to subsequent pools.
- Burnt OCH: Afterward, the bid OCH tokens will be burnt.
(More details TBA)
Fueling Growth and Sustainability
The Co-Harvest feature allocates 30% of Orchai’s revenue to dedicated periodic auctions. As an OCH holder, you have the chance to bid using your OCH tokens. The higher your bid, the greater your chance of securing a share of the rewards (Orchai’s revenue).
But Co-Harvest isn’t just about earning rewards – it’s about driving sustainable growth for Orchai. By actively participating in Co-Harvest auctions, you’re not only enriching yourself but also contributing to the platform’s liquidity provider incentives. In addition, by boosting demand through each auction and recycling of tokens, OCH will soon become the MVP of the crypto world.
So, how can you get in on the action? Orchai will soon bring this mechanism to live.
Keep an eye out for our next announcements, and be prepared to join in our Co-Harvest auctions. If you’re not yet an OCH holder, quickly get some tokens from:
- DEXs: OraiDEX & Uniswap
- Orchai’s OCH Bonding Program: The First Round
About ORCHAI.IO
Orchai is a low-code DeFi platform providing multiple protocols and features powered by AI. With a diversified ecosystem of different products, Orchai aims at 2 ultimate goals:
- Improving the management & investing strategy (With the low-code DeFi features powered by AI)
- Optimize asset flow (With the 2 protocols: Liquid Staking & Money Market)
The power of Orchai lies in the Cross-chain feature and AI assistance, unleashing the potential of DeFi with AI algorithms.
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