Orbs, a layer-3 liquidity protocol, has launched its Perpetual Hub to enhance the on-chain futures trading experience for leverage traders, in collaboration with SYMMIO and IntentX.
DeFi perpetual futures providers typically rely on an order book as a liquidity mechanism to facilitate token swaps and support trading. While this method has allowed investors to engage in decentralized perpetuals, many industry experts argue it lacks capital efficiency for the $3.4 billion locked in on-chain derivatives, according to DeFiLlama.
Orbs Perpetual Hub
To address this issue, Orbs introduced an intent-based Perpetual Hub offering a comprehensive suite of on-chain solutions called Hedger, Liquidator, and Price Oracle.
- Hedger: Utilizes SYMMIO’s front end for aggregated liquidity, acting as a counterparty able to draw resources from external capital sources like Binance and other centralized exchanges.
- Liquidator: Allows individuals to earn fees by maintaining margin thresholds and closing traders’ positions when necessary.
- Price Oracle: Provides a decentralized pricing terminal to monitor unrealized profit and loss.
Ran Hammer, Orbs’ VP of Business Development, stated that the Perpetual Hub launch “opens a door that has previously been a barrier” for blockchain participants who are increasingly interested in on-chain futures trading.
Summary Review: The launch of Orbs’ Perpetual Hub, in collaboration with SYMMIO and IntentX, represents a significant advancement in the on-chain futures trading landscape. By introducing innovative solutions such as Hedger, Liquidator, and Price Oracle, Orbs aims to enhance capital efficiency and provide a more robust trading experience for leverage traders. This initiative not only addresses the current limitations of DeFi perpetual futures but also opens new opportunities for blockchain participants. As the industry continues to evolve, such developments are crucial in fostering a more efficient and accessible decentralized financial ecosystem.
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