Layer-3 public blockchain infrastructure challenge Orbs has introduced a strategic collaboration with IntentX, a number one OTC market and buying and selling terminal. With the partnership, Orbs continues to place itself as a significant participant within the fast-growing on-chain derivatives panorama.
The collaboration will leverage Orbs’ superior Layer-3 expertise to discover potential use instances for on-chain derivatives. Key initiatives will embody the combination of Orbs’ RFQ protocol Liquidity Hub into IntentX for RFQ spot buying and selling, in addition to the growth of IntentX’s spot buying and selling capabilities through Liquidity Hub to the Base and Arbitrum blockchains.
The partnership marks a big milestone for Orbs, which just lately introduced one other strategic collaboration with SYMMIO, a protocol specializing in bilateral “Symmetrical Buying and selling” of derivatives. That individual alliance focuses on a number of on-chain derivatives use instances, similar to off-chain/on-chain communication oracles and a joint effort to create a bidding system for hedgers.
“By teaming up with first SYMMIO after which IntentX, Orbs is solidifying its function as a frontrunner in on-chain RFQ buying and selling innovation,” stated Ran Hammer, VP of Enterprise Improvement at Orbs.
“In addition to integrating our decentralized optimization layer Liquidity Hub into IntentX’s frontend for RFQ-based spot buying and selling, we are going to improve SYMMIO’s contracts utilizing our L3 expertise. We hope this proves to be a shot within the arm for the on-chain derivatives house, and we can’t wait to listen to what customers suppose.”
Liquidity Hub has already been accountable for tens of hundreds of thousands of {dollars} in commerce quantity, working on Polygon’s main native DEX Quickswap in addition to Thena, one of many greatest DEXs on BNB Chain.
Famend for its perpetual futures buying and selling, IntentX is a sturdy OTC derivatives trade, a key part of which is SYMMIO’s intent-based (RFQ) core contracts, that are instrumental in settling trades and facilitating agreements between merchants and solvers. Whereas IntentX capabilities because the citation market for commerce coordination, SYMMIO is the settlement layer.
Using SYMMIO’s backend expertise not solely enhances IntentX’s product choices in comparison with different derivatives options, but additionally underscores its dedication to innovation and person expertise. IntentX helps over 180 tradable markets and affords as much as 60x leverage.
With Orbs, IntentX and SYMMIO all exploring synergies, the stage is ready for the creation of a extra environment friendly, clear, and accessible on-chain derivatives market, one which delivers extra worth than conventional DEX-AMMs.
About Orbs
Orbs (http://orbs.com/) is a Layer-3 public blockchain infrastructure challenge, conceived as a decentralized execution layer working between present L1/L2 options and the applying layer. Executed by a safe community of permissionless validators, Orbs makes use of Proof-of-Stake and improves the prevailing capabilities of good contracts on each EVM and non-EVM chains.
Layer-3 public blockchain infrastructure challenge Orbs has introduced a strategic collaboration with IntentX, a number one OTC market and buying and selling terminal. With the partnership, Orbs continues to place itself as a significant participant within the fast-growing on-chain derivatives panorama.
The collaboration will leverage Orbs’ superior Layer-3 expertise to discover potential use instances for on-chain derivatives. Key initiatives will embody the combination of Orbs’ RFQ protocol Liquidity Hub into IntentX for RFQ spot buying and selling, in addition to the growth of IntentX’s spot buying and selling capabilities through Liquidity Hub to the Base and Arbitrum blockchains.
The partnership marks a big milestone for Orbs, which just lately introduced one other strategic collaboration with SYMMIO, a protocol specializing in bilateral “Symmetrical Buying and selling” of derivatives. That individual alliance focuses on a number of on-chain derivatives use instances, similar to off-chain/on-chain communication oracles and a joint effort to create a bidding system for hedgers.
“By teaming up with first SYMMIO after which IntentX, Orbs is solidifying its function as a frontrunner in on-chain RFQ buying and selling innovation,” stated Ran Hammer, VP of Enterprise Improvement at Orbs.
“In addition to integrating our decentralized optimization layer Liquidity Hub into IntentX’s frontend for RFQ-based spot buying and selling, we are going to improve SYMMIO’s contracts utilizing our L3 expertise. We hope this proves to be a shot within the arm for the on-chain derivatives house, and we can’t wait to listen to what customers suppose.”
Liquidity Hub has already been accountable for tens of hundreds of thousands of {dollars} in commerce quantity, working on Polygon’s main native DEX Quickswap in addition to Thena, one of many greatest DEXs on BNB Chain.
Famend for its perpetual futures buying and selling, IntentX is a sturdy OTC derivatives trade, a key part of which is SYMMIO’s intent-based (RFQ) core contracts, that are instrumental in settling trades and facilitating agreements between merchants and solvers. Whereas IntentX capabilities because the citation market for commerce coordination, SYMMIO is the settlement layer.
Using SYMMIO’s backend expertise not solely enhances IntentX’s product choices in comparison with different derivatives options, but additionally underscores its dedication to innovation and person expertise. IntentX helps over 180 tradable markets and affords as much as 60x leverage.
With Orbs, IntentX and SYMMIO all exploring synergies, the stage is ready for the creation of a extra environment friendly, clear, and accessible on-chain derivatives market, one which delivers extra worth than conventional DEX-AMMs.
About Orbs
Orbs (http://orbs.com/) is a Layer-3 public blockchain infrastructure challenge, conceived as a decentralized execution layer working between present L1/L2 options and the applying layer. Executed by a safe community of permissionless validators, Orbs makes use of Proof-of-Stake and improves the prevailing capabilities of good contracts on each EVM and non-EVM chains.
