Orbs Liquidity Hub Launches on Fenix Finance To Transform Blast Liquidity
The post Orbs Liquidity Hub Launches on Fenix Finance To Transform Blast Liquidity appeared on BitcoinEthereumNews.com.
July 4, 2024 – Tel Aviv, Israel Layer three blockchain Orbs has announced the launch of its liquidity hub on Fenix Finance. Its deployment will deepen available liquidity on the Blast DEX and deliver greater capital efficiency for users of the layer two. Orbs Liquidity Hub operates as a layer that sits atop the Fenix Finance DEX. It draws in additional liquidity sources that enable Fenix users to obtain the best possible pricing. This reduces slippage and allows users to extract more value from every trade they place. Designed to solve the problem of fragmented DeFi liquidity, Orbs’ solution also delivers reduced transaction fees, protection against MEV (maximal extractable value) and gas-free transaction executions. Liquidity Hub integrates with the existing Fenix DEX interface, maintaining the user experience that traders are accustomed to. The integration of Orbs Liquidity Hub into Fenix marks its fifth deployment with DEXs operating on EVM networks and is a first for Blast. By merging liquidity from both on- and off-chain sources, Liquidity Hub delivers an enhanced trading experience without introducing custodial risk. If Orbs’ liquidity layer cannot execute the trade at a better price than the AMM, the transaction reverts to the AMM contract and executes as usual. This guarantees that trades will be executed at the best possible rate every time and frees traders from having to manually select their preferred liquidity route. The introduction of Liquidity Hub to Fenix follows the completion of a $300,000 seed investment round for Fenix Finance led by Orbs. This funding, coupled with the deployment of Liquidity Hub, will support Fenix’s goal of delivering the most capital efficient trading experience on Blast. More than 5,000 users have begun trading on Fenix since its Open Beta commenced two months ago. During this time, it has generated over $150 million in…
Filed under: News - @ July 4, 2024 6:26 pm