8 days ago
SpookySwap, a well-known DEX on Fantom, has expanded to Sonic and is bringing Orbs Liquidity Hub with them!
The integration of Orbs’ Liquidity Hub technology empowers SpookySwap traders with access to a broader range of liquidity sources, combining both on-chain and off-chain options for competitive pricing.
Powered by Orbs’ advanced L3 technology and available on Sonic, Liquidity Hub offers key benefits, which include improved execution prices, MEV protection, gasless transactions, enhanced capital efficiency, and a streamlined user interface.
This integration significantly enhances the trading experience available on SpookySwap and expands Orbs’ venues within Sonic, providing traders with greater efficiency.
Liquidity Hub is a hallmark of innovation in the decentralized finance (DeFi) ecosystem, conceptualized and built by the Orbs project.
It operates on the principles of complete decentralization, open access without permissions, and composability. Thanks to this integration, traders leveraging SookySwap on Sonic can now tap into the full liquidity potential offered by the network, further expanded by off-chain sources, for better swap prices without incurring any additional costs.
Orbs is a decentralized protocol executed by a public network of permissionless validators using PoS, staked with tens of millions of dollars in TVL. The protocol optimizes on-chain trading with L3 use cases that include aggregated liquidity, advanced trading orders, and decentralized derivatives, enabling a DeFi trading experience as efficient as CeFi.
Liquidity Hub is a layer 3 (L3) infrastructure software powered by Orbs that provides an optimization layer above the AMM. This technology taps external liquidity for better price quotes and lower price impact.
Instead of the typical swap that searches for the best route within the DEX's limited liquidity pools, Liquidity Hub enhances this process by utilizing additional liquidity sources:
The Liquidity Hub protocol, powered by Orbs L3 technology, has become the industry standard for achieving the best price across ecosystems.
To date, the protocol has been implemented in Twelve separate venues, each on a different chain. SpookySwap will join as the Thirteenth integration.
Headliners include Quickswap, THENA, Lynex, IntentX, and Fenix, among others.
If you have any questions regarding Liquidity Hub, please join Orbs’ Telegram channel.
Further readings:
About SpookySwap
SpookySwap is an automated market-making (AMM) decentralized exchange (DEX) for Ethereum Virtual Machine (EVM) compatible networks. Different from other DEXs, we're invested in building a strong foundation with our BOO token as a governance token, diverse farms, a built-in bridge, built-in limit orders and user-centered service.
About Orbs
Orbs is a decentralized Layer-3 (L3) blockchain specifically designed for advanced on-chain trading.
Utilizing a Proof-of-Stake consensus, Orbs acts as a supplementary execution layer, facilitating complex logic and scripts beyond the native functionalities of smart contracts. Innovative protocols like dLIMIT, dTWAP, Liquidity Hub, and Perpetual Hub push the boundaries of DeFi and smart contract technology, introducing CeFi-level execution to on-chain trading.
With a global team of over forty dedicated contributors based in Tel Aviv, London, New York, Tokyo, Seoul, Lisbon, and Limassol, Orbs continues to innovate at the forefront of blockchain technology.
For more information, please visit www.orbs.com, or join our community at:
Telegram: https://t.me/OrbsNetwork
Twitter: https://twitter.com/orbs_network
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