Orbs, a Layer-3 public blockchain infrastructure challenge, introduced a strategic partnership with IntentX on February 22, a outstanding over-the-counter (OTC) market and buying and selling terminal, exhibiting its resolve to determine itself as a major participant within the quickly diversifying realm of on-chain derivatives as per data shared with Finbold.
Understanding the Orbs-IntentX partnership
The partnership goals to harness Orbs’ superior Layer-3 expertise to discover varied use instances for on-chain derivatives.
Key initiatives embody integrating Orbs’ RFQ protocol, Liquidity Hub, into IntentX for RFQ spot buying and selling, in addition to increasing IntentX’s spot buying and selling capabilities throughout Base and Arbitrum blockchains by means of Liquidity Hub.
Following its collaboration with SYMMIO, a protocol specializing in bilateral “Symmetrical Buying and selling,” the brand new alliance marks the second pivotal second for Orbs, highlighting its a number of on-chain derivatives use instances, together with off-chain/on-chain communication oracles and the event of a bidding system for hedgers.
Ran Hammer, VP of Enterprise Growth at Orbs, expressed his confidence within the collaboration, stating:
“By teaming up with first SYMMIO after which IntentX, Orbs is solidifying its position as a pacesetter in on-chain RFQ buying and selling innovation. In addition to integrating our decentralized optimization layer Liquidity Hub into IntentX’s entrance finish 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 assume.”
— Ran Hammer, VP of Enterprise Growth at Orbs
Streamlining the on-chain derivatives market
Working collectively, Orbs, IntentX, and SYMMIO pave the way in which for a extra streamlined, clear, and accessible on-chain derivatives market, providing enhanced worth in comparison with conventional DEX-AMMs.
Liquidity Hub has already facilitated important commerce quantity, working on main native DEX Quickswap on Polygon and Thena on BNB Chain.
IntentX, recognized for its perpetual futures buying and selling, serves as a sturdy OTC derivatives change. Central to its operations are SYMMIO’s intent-based (RFQ) core contracts, essential in commerce settlement and settlement facilitation.
Whereas IntentX features as a commerce coordination citation market, SYMMIO serves because the settlement layer, enhancing product choices and emphasizing each innovation and consumer expertise, supporting over 180 tradable markets and providing as much as 60x leverage.
