Another day, another UI buff Orca’s support for tokens using the Interest Bearing Extension (IBE) means visible interest rates on tokens when trading and searching pools Here is a breakdown on what it is and how it ties into Orca with a live example 🧵

2/: The Interest Bearing Extension is a cosmetic feature introduced by @solana that allows token issuers to set an onchain interest rate on tokens. The underlying token quantity remains unchanged, eliminating the need for frequent rebase or update operations to adjust for accrued interest.

3/: Interest Bearing Tokens (IBT) are often backed by an interest earning vehicle such as bonds or staking yield Now that Orca supports the IBE from @anza_xyz's Token-2022 program, a robust UX can be met with projects that are built around IBT

4/: Two key distinctions surrounding IBT on Orca: When trading tokens using the IBE, both token price + accrued interest is shown in one total value When providing liquidity with tokens using the IBE, the displayed value reflects the current onchain price, which does not account accrued interest

5/: @etherfuse is a token issuer with IBT pools already live on Orca, where users can trade and LP Etherfuse issues fully backed tokenized government bonds and uses the IBE to display that yield This provides both institutional and retail investors alike with security and transparency

6/: Pioneering DEX support for this extension extends better visibility to any project using the Interest Bearing Extension today Explore now

Alpha move, Orca! WAGMI!

@solana @MirraTerminal

Nice update from Orca! Visible interest rates on tokens while trading is a solid UX boost—helps users make smarter moves at a glance. @OwenTurnertrade would probably dig the added transparency for yield strategies. The live example breakdown is clutch too.

Wen feature buff

Dope