Trade and grow your money in Orca vaults

ProjectOrca
ChainSolana
Time10 minutes
Reward$1 in SOL

What is Orca?

Orca is one of the easiest platforms for users to trade and earn cryptocurrency on the Solana Blockchain. Additionally, you can provide liquidity to a liquidity pool to earn trading fees. 

One special feature of Orca is the Whirpool or concentrated liquidity pools. Users who provide liquidity can set a price range (the range for which they will continue supplying tokens). Users who set a tighter price range will receive a higher share in fees and rewards. The downside is that they are prone to higher chances of Permanent Loss. 

In addition to Whirpools and liquidity pools, Orca provides a trading platform for users to trade a variety of coins with the lowest prices.

What we’ll do in this tutorial

We will be going through, step by step, how to get started on Orca and invest some tokens in Orca pools. For this tutorial, you will need a Phantom wallet. 

1. Go to the Orca Browser

Go to this link to get started.

Hit the Connect Wallet button

2. Connect Phantom Wallet

Once you’ve clicked the button, a pop-up should appear, asking for approval of connection

3. Decide which liquidity to invest in

As mentioned above, there are two types of pools offered by Orca: Whirpools and regular pools. 

Depending on which you want to invest it, head to that section.

For this example, I’ll be showing both Whirpools and Pools.

Whirpools

Click on a whirpool you are interested in investing, and click deposit

Accept all the conditions. If you are still unsure of the process, watch the tutorial provided.

1. Choose a price Range

The explanations of different ranges are provided. Choose to your preference.

2. Choose how much you want to deposit

Choose an amount to your liking and confirm

3. Confirm

Confirm deposit and you’re done!

Pools

The process for investing in pools is simpler but yields fewer rewards.

Head over to the pool section

Choose a token and pool to invest in and click deposit

Choose how much do you want to provide. 

Approve the transaction and you’re finally set!

4. Claim your reward! 🎁

You've completed the required steps, and it's time to get paid! The final step is submitting a reward claim so we can verify you've completed the tutorial.

Click the “Claim Reward” button at the top of the page.

Fill in the address of the wallet you used for this tutorial.

Submit the form and wait!

We’ll confirm that you entered an Orca pool and send over $1 of SOL as a reward!