Bitcoin

Orbs Liquidity Hub launches on Sonic after SpookySwap

1 Mins read
  • Liquidity Hub interacts with Sonic to improve liquidity and price.
  • SpookySwap users on Sonic now have access to gasless trading and MEV protection.

Orbs Liquidity Hub has now launched on Sonic as one of the leading industry omnichain liquidity aggregation solutions. This integration provides gasless transactions, MEV protection, and enhanced capital efficiency on the Sonic network.

SpookySwap, one of the leading decentralized exchanges (DEX) on Fantom, has already integrated Liquidity Hub, and now its users on Sonic benefit from the same benefits. SpookySwap, unlike most DEXs, offers an integrated bridge, limit orders, and several farms, all powered by its native BOO token.

Orbs Liquidity Hub Expands to Sonic With SpookySwap

Leveraging Orbs Layer-3 (L3) technology, Liquidity Hub optimizes prices and aggregates off-chain liquidity to reduce the inefficiencies of DeFi market fragmentation. With the launch of Liquidity Hub on Sonic, SpookySwap is part of an ever-growing list of DEXs like THENA, Lynex, IntentX, and Fenix that are utilizing the power of technology from Orbs to facilitate and optimize trading. Sonic’s 10,000 TPS high-speed blockchain and EVM compatibility with guaranteed sub-second finality is the exact destination for these innovations.

Liquidity Hub enables DEXs to tap alternative sources of liquidity, providing the capability to offer better pricing. Third-party solvers bid to make swaps through liquidity from automated market maker (AMM) pools or private reserves. If no better quote is provided, the system falls back to the AMM contract, offering traders the best price available.

SpookySwap was the initial decentralized exchange (DEX) to launch a Liquidity Hub on Fantom. This deployment on Sonic ensures a user-friendly experience and seamless pricing. As opposed to relying solely on Sonic-native liquidity, users can now source liquidity from external sources for improved trade execution.

Orbs decentralized L3 infrastructure holds millions of total value locked (TVL) in aggregate, providing scalability for Liquidity Hub’s more advanced order types. With dLIMIT and dTWAP integrated, Liquidity Hub enhances DeFi by enabling more efficient and secure trading. It is set to become a fundamental tool for seamless cross-network transactions.

As a permanent Layer 3 blockchain, Orbs enhances onchain trading by offering advanced execution capabilities which go beyond basic smart contracts. Orbs has introduced Liquidity Hub, dLIMIT, and Perpetual Hub to enhance DeFi with CeFi-grade execution. These solutions are setting new industry standards for innovation and integration.


Source link

Related posts
Bitcoin

As Gold Prices Approach $3K, Why Is Bitcoin Failing to Keep Up?

2 Mins read
Bitcoin and gold have been on highly disparate price trajectories for the past half-year, which spells trouble for the world’s largest cryptocurrency….
Bitcoin

Next Cryptocurrency to Explode, 22 February — BinaryX, Toncoin, EigenLayer, Siacoin

6 Mins read
Join Our Telegram channel to stay up to date on breaking news coverage The overall feeling in the market was positive from…
Bitcoin

FTX’s Sam Bankman-Fried Getting Released? Last Ditch Political Effort Comes To Light

2 Mins read
The possibility of FTX’s co-founder Sam Bankman-Fried (SBF) being released from prison has arisen again. This comes following his latch ditch political…

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *