Tel Aviv, Israel, July 4, 2024, Chainwire
Layer-3 blockchain Orbs has introduced the launch of a liquidity hub on Fenix Finance, deepening the liquidity accessible on Blast DEX and bettering capital effectivity for L2 customers.
Orbs Liquidity Hub acts as a layer on prime of the Fenix Finance DEX, drawing in further liquidity sources to make sure Fenix customers get the absolute best costs, decreasing slippage and permitting customers to extract extra worth from each commerce they make.
Designed to resolve the issue of fragmented DeFi liquidity, Orbs' resolution additionally gives lowered buying and selling charges, safety towards Most Extractable Worth (MEV), and gas-free commerce execution. Liquidity Hub shall be built-in with the prevailing Fenix DEX interface, preserving the person expertise merchants are acquainted with.
The mixing of Orbs Liquidity Hub into Fenix marks the fifth deployment on a DEX working on the EVM community and the primary for Blast. By integrating liquidity from each on-chain and off-chain sources, the Liquidity Hub offers an enhanced buying and selling expertise with out introducing custody threat.
If the Orbs liquidity layer can not execute the commerce at a greater value than the AMM, the transaction will fall again to the AMM contract and execute as regular. This ensures that trades are at all times executed at the absolute best charge and relieves merchants from having to manually choose their most well-liked liquidity route.
The introduction of Liquidity Hub on Fenix follows the closing of a $300,000 seed funding spherical in Fenix Finance led by Orbs. This funding and the introduction of Liquidity Hub furthers Fenix's aim of delivering essentially the most capital-efficient buying and selling expertise on Blast.
For the reason that launch of open beta two months in the past, over 5,000 customers have began buying and selling on Fenix, throughout which period it has generated over $150 million in buying and selling quantity and grown its share of the DEX market. With the introduction of Orbs Liquidity Hub, Fenix is completely positioned to roll out new merchandise that may assist it set up itself because the preeminent protocol for Blast token buying and selling and liquidity provision.
About Orbs
Orbs is a decentralized Layer 3 (L3) blockchain infrastructure designed particularly for superior on-chain buying and selling. Orbs optimizes buying and selling utilizing aggregated liquidity, superior commerce orders, and on-chain derivatives. Orbs powers the performance of each EVM and non-EVM sensible contracts with out shifting liquidity to a brand new chain. This distinctive setup acts as a decentralized backend that brings CeFi stage execution to DeFi buying and selling.
Extra particulars right here: https://www.orbs.com/
About Phoenix Finance
Fenix is Blast's built-in buying and selling and liquidity market. The subsequent era decentralized change offers a technologically superior and capital environment friendly buying and selling and liquidity market. Designed to supply a superior UX and deeper liquidity, Fenix will play a key position in driving the financial progress of Blast.
Extra data: https://www.fenixfinance.io/
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