Layer 3 blockchain Orbs announced the launch of its liquidity hub on the Blast-based decentralized finance (DeFi) platform Fenix Finance. This initiative aims to deepen liquidity and improve capital efficiency for users on the Blast Layer 2 network.
Fenix Finance provides a range of financial services. Among them are decentralized exchange (DEX) functionalities, liquidity provision, and yield farming. It facilitates secure and transparent trading, lending, and borrowing of digital assets. Since its Open Beta introduction in May, Fenix Finance has attracted over 5,000 users to its platform.
The Orbs Liquidity Hub functions as a layer built on top of the Fenix Finance DEX. It integrates various liquidity sources to enhance trading conditions for Fenix Finance users, aiming to minimize slippage and maximize the value extracted from each trade.
Furthermore, Orbs’ solution offers lowered transaction fees, safeguards against Maximal Extractable Value (MEV), and enables gas-free transaction executions. The Liquidity Hub also seamlessly integrates with Fenix Finance’s current DEX interface, ensuring a convenient user experience for traders.
The inclusion of Orbs Liquidity Hub within Fenix Finance represents its fifth deployment within DEXs utilizing Ethereum Virtual Machine (EVM) networks and is a first for Blast. It merges liquidity from on-chain and off-chain sources, improving the trading experience while mitigating custodial risks.
Moreover, in cases when Orbs’ liquidity layer is unable to execute a trade at a superior price in comparison with the Automated Market Maker (AMM), the transaction defaults back to the AMM contract and proceeds with normal execution. This guarantees that trades are consistently made at the most favorable rate possible, relieving individuals from manually choosing the preferred liquidity path.
“Liquidity Hub powered by Orbs enables DEXs to offer competitive prices to traders, which in turn captures additional revenue they previously could not,” said Ran Hammer, head of Business Development, Marketing, and Communities at Orbs to MPost. “Liquidity is increasingly fragmented and spread thin across multiple DEXs, resulting in asymmetric prices that push retail traders to prioritize swapping with aggregators when possible. As a result, DEXs lose potential volumes and revenues. Liquidity Hub has effectively maintained competitive DEX prices on QuickSwap, THENA, and other platforms. We aim to provide similar value to Fenix through our latest integration,” he added.
Orbs Launches Perpetual Hub To Advance Trading Experience
Orbs is tailored for on-chain trading. It enhances this process by providing technology for consolidated liquidity, improved trading orders, and decentralized derivatives. Orbs achieves this by advancing the capabilities of EVM and non-EVM smart contracts, circumventing the movement of liquidity to a new blockchain. This distinctive approach establishes a decentralized backend that brings centralized finance (CeFi)-level execution standards to DeFi trading.
Recently, Orbs introduced its new product, Perpetual Hub, which is designed as a comprehensive solution for intent-based perpetual futures in on-chain derivatives trading. Developed in partnership with Symmio, Intent, and THENA, it aims to improve capital efficiency and provide increased on-chain liquidity.
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