Prominent Layer 3 blockchain infrastructure project Orbs has expanded its Liquidity Hub to the Fantom network. The integration with SpookySwap, a leading automated market maker (AMM) on Fantom, will increase on-chain trading and incentivize liquidity providers.
The integration allows SpookySwap users to benefit from Orbs' advanced L3 technology and will optimize their trading experience by accessing greater liquidity from various on-chain protocols. This expansion is the fifth implementation of the Orbs Liquidity Hub on an Ethereum Virtual Machine (EVM) chain and will result in better pricing, reduced slippage, and a more efficient trading environment.
The Liquidity Hub works as an optimization layer on top of the AMM. Connects with external liquidity sources to provide better price quotes. The system ensures that trades are executed with minimal slippage, allowing traders to retain value from each trade. The integration also offers protection against Maximum Extractable Value (MEV), gas-free operations and greater capital efficiency.
The Orbs Liquidity Hub is completely decentralized and interoperable. It allows decentralized exchanges (DEXs) to draw liquidity from a combination of on-chain and off-chain sources. Obviously, SpookySwap users can access these new features at no additional costs.
The expansion of the Liquidity Hub from Orbs to Fantom and the integration with SpookySwap offers users greater liquidity, better prices and a smooth trading experience. This integration with SpookySwap marks an important step towards a more robust and user-friendly DeFi and trading experience.