Question 1

What is ORDER?

Accepted Answer

ORDER is Orderly Network's native governance and utility token. It can be used for governance, staking, and ecosystem participation mechanisms. The protocol uses the multichain OFT standard, allowing the same economic asset to be used across supported networks; however, wallet balances remain recorded on the network where they are actually held, and users must still handle fees and cross-chain steps on that network.

Question 2

What does VALOR do after staking ORDER?

Accepted Answer

Staking ORDER accumulates VALOR. VALOR is a non-transferable unit of measurement associated with a staking position, not a tradable token; it is used to express relative eligibility for distributions of related treasury assets. The path is to first stake ORDER and then accumulate VALOR according to the position; whether a distribution is made and its size still depend on the rules and treasury assets at the time, and do not constitute a fixed-return promise.

Question 3

Is VALOR a tradable token?

Accepted Answer

VALOR is non-transferable and cannot be traded like ORDER. It represents relative distribution eligibility, rather than an unconditional claim to a fixed amount of ORDER or cash; when VALOR is used for redemption, the corresponding VALOR is permanently burned and cannot be reused.

Question 4

What is the difference between esORDER and ORDER?

Accepted Answer

esORDER is a form of ORDER subject to a vesting mechanism. It can be staked, but differs from fully vested ORDER that can be freely used. It can be converted to ORDER after the vesting period ends; if converted early, the proportion of ORDER received is lower and the unreceived portion is burned. Therefore, early conversion is a trade-off between obtaining usable ORDER sooner and giving up part of the vesting value.

Question 5

What is ORDER's supply?

Accepted Answer

ORDER has a maximum supply of 1 billion tokens. Maximum supply is a cap; it is not equivalent to circulating supply, unlocked supply, or a wallet's tradable balance. The actual tradable supply is also affected by allocations, vesting, locks, esORDER conversions, and burns. The burning of the unreceived portion during early esORDER conversion only describes the quantity change on that conversion path.

Question 6

How can ORDER be used across chains?

Accepted Answer

Orderly aggregates liquidity from supported chains into a unified order book, so different supported chains can access the same order-book depth and quotes. ORDER can be used cross-chain under the OFT standard, and the protocol can recognize staking records across chains; however, a unified order book does not mean balances automatically appear on every network. Cross-chain transfers must still complete the applicable process and be confirmed as received on the destination chain.

Question 7

Why would builders stake ORDER?

Accepted Answer

Builders operating trading venues powered by Orderly can influence fee tiers by staking ORDER, with tiers also taking rolling trading volume into account; the fee structure is jointly determined by these two conditions. This mechanism concerns infrastructure fees for builders and does not mean ordinary token holders automatically receive the same rates or returns.

Question 8

What is the relationship among protocol revenue, VALOR, and ORDER holders?

Accepted Answer

The relationship between ORDER and protocol revenue must be assessed through specific mechanisms: staking can generate VALOR, and VALOR participates in distributions of related treasury assets according to the rules; the official materials also describe a fee buyback mechanism. Higher trading volume or adoption alone does not directly prove that ORDER will necessarily have buying demand, fixed returns, or price appreciation; this still depends on fee rules, execution, staking choices, locks, and market liquidity.

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