Online reports that the Orca Council issued a governance proposal to use up to 55,000 SOL pieces to repurchase ORCA and pledge them to the verification node. During the 5-day voting period and 2-day cooling-off period, ORCA token holders can submit a veto vote. Proposal details: ·Fund size: All SOL and USDC in the treasury wallet are currently approximately 55,000 SOL and 400,000 USDC.·Execution method: All SOL in the treasury wallet will first be pledged on the Orca verification node, and then withdrawn regularly when needed to implement the Orca repurchase program. The plan will be carried out on a decentralized exchange or in cooperation with market makers for a period of 24 months, with a daily repurchase volume capped at 2% of ORCA's 30-day average trading volume to minimize market impact.·Storage and use of repurchase tokens: The repurchase ORCA tokens will be stored in the multi-signature DAO treasury wallet. The committee plans to destroy these tokens to permanently reduce ORCA circulation and allocate them to the xORCA pool as rewards or for ecosystem funding.·Risk management of repurchase programs: repurchase will be suspended during periods of high market volatility (ORCA prices fluctuate more than 15% in 24 hours).