What Is Orca? How It Works? Complete Guides 2024

Orca touts itself as the “easiest, fastest, and most user-friendly cryptocurrency exchange on the Solana blockchain.” Being one of the first automated market makers (AMM) launched on Solana, the decentralized exchange (DEX) maintains its own liquidity pools. It allows users to swap assets, participate in yield farming, and provide liquidity.

The platform leverages Solana’s quick transactions and low fees. On one hand, users can perform low-fee token trades. On the other, they can provide concentrated liquidity to the platform to earn a share of trading fees.

How Does Orca Work ?

The question about “Orca” can be interpreted in two ways:

1. The Whale: These fascinating creatures are top predators in the ocean. They use their intelligence and teamwork for hunting. Here’s how they operate:
   • Echolocation: are like living sonars. They emit clicks and listen for echoes to find prey, even in dark or murky waters.
   • Cooperative Hunting: They work together to herd fish, seals, or other prey, making them easier to catch. Some populations even specialize in particular techniques, like beaching themselves to catch seals.
2. Card: This is a transit fare payment system used in some regions. Here’s how it works:
   • Stored Value: The card acts like a digital wallet. You load money onto it like a prepaid card.
   • Fares: When you tap your card on a reader at a bus, train, or ferry, it deducts the fare amount.

Let me know if you’d like to learn more about either of these “”!

Features and Benefits of ORCA

The card offers several features and benefits that make riding public transit in the Puget Sound region smoother and more convenient. Here are some of the key points:

Features:

• Contactless Fare Payment: Tap your card on a reader at bus doors, train stations, or ferry terminals for quick and easy fare payment. No more fumbling for exact change.
• Mobile App Management (myORCA): Manage your account on the go with the myORCA app (available for iPhone and Android). This allows you to:
  • Load value onto your card.
  • Check your balance.
  • Set up automatic reloading (Autoload).
  • View your trip history.
  • Purchase passes (coming soon: tap to pay with your phone).
• Multiple Fare Options: Load cash value for single rides, or purchase passes for unlimited rides within a specific timeframe (e.g., day passes, monthly passes).
• Transfer Benefits: With a valid fare, you can transfer between different transit agencies within a certain time window (typically 2 hours).

Benefits:

• Faster Boarding: Using eliminates the need to fumble for cash or tickets, speeding up boarding times and keeping buses and trains on schedule.
• Convenience: Manage your account and reload fare value from anywhere with the myORCA app.
• Cost Savings: In some cases, using passes loaded onto your ORCA card can be cheaper than paying cash for each ride.
• Reduced Waste: No more paper tickets to throw away.
• Security: If you lose your card, you can report it lost and transfer the remaining balance to a new card.

Additionally:

• Employer Programs: Some employers offer benefits to help employees save money on commuting costs.
• Multifamily Development Passports: Property owners can offer residents ORCA passes for convenient building-wide access to public transit.

Overall, the ORCA card offers a convenient and efficient way to pay for public transportation in the Puget Sound region.

ORCA User Experience

, in the context of user experience (UX), refers to the Object-Oriented UX (OOUX) process, a framework for designing intuitive and user-friendly interfaces for complex products.

Here’s how ORCA works to improve UX:

• Focus on Objects: It breaks down the system into its core elements or “objects” (e.g., user accounts, products, shopping carts).
• Relationships and Actions: It defines the relationships between these objects (e.g., user logs into account, adds product to cart) and the actions users can perform on them.
• Clarity and Structure: This focus on objects, relationships, and actions helps to create a clear and well-structured information architecture.
• Shared Understanding: By mapping these elements in a collaborative workshop, ORCA fosters a shared understanding among designers, developers, and other stakeholders.
• Intuitive Interface Design: With a clear understanding of objects and interactions, the resulting interface design becomes more intuitive and easier for users to navigate and complete tasks.

Benefits of for UX:

• Reduced Complexity: It helps to manage complexity in design projects, especially for feature-rich applications.
• Improved Communication: It promotes better communication and alignment within design teams.
• Early Identification of Issues: By focusing on core functionalities, ORCA helps to identify potential usability problems early in the design process.
• Faster Design and Development: A clear understanding of objects and interactions can streamline the design and development process.

Things to Consider:

• Learning Curve: involves a specific process and terminology that requires some learning for those unfamiliar with it.
• Not a Replacement: is a framework to be integrated into existing design processes, not a complete replacement.

Overall, offers a valuable approach to user experience design, particularly for complex projects. By focusing on objects, relationships, and actions, it helps to create intuitive and user-friendly interfaces

Who Are the Founders of Orca ?

was co-founded by. Kwan, aka “Ori,” is the UX designer. She graduated from Stanford with a B.S. and M.S. in Computer Science before working as a software engineer at Coursera and a designer at IDEO.

Yutaro is the brain behind Orca’s core AMM. He has been active in the crypto space since 2017 at the Ethereum Foundation. He worked on the Eth2 Go client and Layer 2 solutions before making a foray into Solana.

When Was Orca Launched?

The project launched in February 2021 without external funding. In September 2021, the total value locked (TVL) on the protocol had exceeded $300 million, while its trade volume exceeded $700 million.

There are two main possibilities for what “Orca” refers to:

1. The world’s first large-scale direct air capture and storage plant: This Orca was launched on September 8th, 2021 by Climeworks in Iceland [1].
2. ORCA transit fare payment system: Without specific regional context, pinpointing the launch date is difficult. However, you can likely find the information on the official website of the agency that operates the system in your area.

Where Is Orca Located?

The company is located in New York, United States.

Orca Restricted Countries

Although Orca’s “Terms of Use Agreement” did not explicitly name any country as restricted, the company advised users in areas prohibited by the applicable law to desist from using its platform.

What Coins Are Supported on Orca?

The DEX supports over 200 markets, with the most popular trading pairs being SOL/USDC, SOL/STSOL, and SOL/MSOL.

How Much Are Orca Fees?

Trading fees vary depending on the route the AMM uses. The fee structure on the platform is as follows: stable whirlpool – 0.01%, whirlpool – 0.2%, stable pool – 0.07%, and pool – 0.3%. A “double-hop trade” such as SOL to USDT to ETH would pay 0.3% to trade SOL to USDT and another 0.3% to trade USDT to ETH.

Is it Possible To Use Leverage or Margin Trading on Orca?

The decentralized trading platform does not support margin trading.

Is Orca Safe?

Yes, using an card is generally considered safe. Here’s why:

• Security Features: The ORCA card uses contactless payment technology, which means you simply tap the card on a reader, minimizing the risk of someone stealing your card information.
• Balance Protection: If you lose your ORCA card, you can report it lost and transfer any remaining balance to a new card. This protects your stored value from unauthorized use.
• Minimal Personal Information: The ORCA card itself doesn’t store any personal information beyond a unique identifier.

Here are some additional points to consider:

• Physical Security: As with any card, losing your ORCA card can be inconvenient. Be sure to keep it in a safe place.
• myORCA App Security: If you use the myORCA app to manage your account, choose a strong password and enable any available two-factor authentication features for added security.

Overall, the ORCA system offers strong security measures to protect your financial information.

Summary of ORCA 

Here’s a summary of

• What it is: (One Regional Card for All) is a contactless fare payment system used for public transit in the Puget Sound region of Washington.
• How it works: You load money onto the card (like a prepaid card) or purchase passes for unlimited rides within a timeframe. Tapping the card on a reader deducts the fare amount when you board a bus, train, or ferry.
• Benefits:
  • Convenience: Faster boarding, manage account with myORCA app.
  • Cost-effective: Saves time, potentially cheaper than cash fares with passes.
  • Transfer benefits: Allows transfers between agencies within a time window.
  • Secure: Report lost cards to protect balance, minimal personal info stored.
• User Experience: RCA (Object-Oriented UX) is a design framework that promotes clear and intuitive interfaces, potentially influencing the user-friendliness of the ORCA system itself.

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