Introducing Dual Liquidity Rewards: Join the BLOCK/SOL Pool on Orca

Blockasset
4 min readDec 12, 2023

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In preparation for what will be a new wave of activity, product announcements, and partnerships, we have made an effort to strengthen $BLOCK liquidity for our most actively traded blockchain — Solana. We’ve launched a new pool with one of the leading DEX’s Orca.

The BLOCK/SOL Liquidity Pool: A Gateway to Dual Rewards

Our newly created BLOCK/SOL pairing pool is more than just a liquidity pool; it’s an additional liquidity commitment of over $100,000 in liquidity, laying down a strong foundation for the favorable trading market to improve trading conditions for existing and new community members joining the project.

The exciting part: By adding liquidity to the BLOCK/SOL pool on Orca, you’re not just supporting the token; you’re setting yourself up for dual rewards. Thanks to our friends at Orca participants in the pool will earn rewards in both $BLOCK and $ORCA tokens, a unique opportunity to reap additional benefits.

How to Add Liquidity to the BLOCK/SOL Pool

Adding liquidity to the BLOCK/SOL pool is straightforward, and here’s how you can be a part of this rewarding journey:

  1. Get Your BLOCK and SOL Tokens Ready: Ensure you have an equal value of BLOCK and SOL tokens in your wallet. If you’re new to BLOCK, this is the perfect time to join the community. Best price to trade will be on Jup.ag

2. Connect to Orca: Visit the Orca DEX platform and connect your Solana wallet. Orca’s user-friendly interface makes it easy for even beginners to navigate. Use this link — https://v1.orca.so/liquidity/browse?tokenMint=NFTUkR4u7wKxy9QLaX2TGvd9oZSWoMo4jqSJqdMb7Nk

3. Connect your wallet: Approve the connection transaction to Orca. We recommend watching the liquidity walkthrough provided by Orca on this screen.

4. Add Liquidity: Navigate to the liquidity section, select the BLOCK/SOL pool, and add your tokens, ensuring your adding an equal $ amount of both. You’ll receive liquidity provider (LP) tokens, representing your share in the pool.

5. Set your Price Range: You will now be given an option to set your price range. We would recommend ‘Full Range’ for beginners as more as a ‘set and forget option. The ‘Custom’ price range allows traders to yield higher rewards but requires consistent rebalancing for the users.

6. Make your deposit (Full range): Add your liquidity, ensure it is equal share, preview your deposit transaction, and confirm. Approve your Phantom transaction

5. Start Earning Rewards: Once you’ve added liquidity, you’ll automatically start earning dual rewards in BLOCK and ORCA tokens, proportional to your share in the pool.

The Benefits and Potential Risks

Why Participate?

  • Enhanced Liquidity: Your participation directly contributes to a more robust and stable trading environment for BLOCK tokens.
  • Dual Rewards: Earn both BLOCK and ORCA tokens, enhancing your yield potential.
  • Support the Community: Play a crucial role in the growth and sustainability of the Blockasset ecosystem.
  • Concentrated Liquidity: The Orca Concentrated liquidity allows you to set what price range you wish to provide liquidity in resulting in higher capital efficiency and increased trading fees for your committed pool funds.

Understanding the Risks

While the rewards are enticing, it’s essential to be aware of potential risks, such as impermanent loss, which occurs when the price of your deposited assets changes compared to when you deposited them.

Join Us on This Rewarding Journey

We, at Blockasset, are committed to enhancing the trading experience and benefits for our community. By joining the BLOCK/SOL liquidity pool, you’re not just investing; you’re becoming a pivotal part of a dynamic, new community and product.

Orca tutorial here: https://v1.orca.so/liquidity/browse?tokenMint=NFTUkR4u7wKxy9QLaX2TGvd9oZSWoMo4jqSJqdMb7Nk

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