Orbs, a Layer 3 blockchain, has introduced the launch of its liquidity hub on Fenix Finance, in accordance with the most recent updates shared with Finbold on July 4.
The launch goals to boost liquidity on the Blast decentralized trade (DEX) and increase capital effectivity for Layer 2 customers.
Addressing DeFi liquidity challenges
To deal with the challenges of fragmented decentralized finance (DeFi) liquidity, Orbs provides decreased transaction charges, safety towards Maximal Extractable Worth (MEV), and gas-free transactions.
Orbs’ liquidity hub acts as a further layer atop the DEX, serving to mixture liquidity from numerous sources to make sure the absolute best pricing.
This minimizes slippage and maximizes the worth extracted from every commerce.
The Liquidity Hub integrates seamlessly with the present Fenix DEX interface, preserving the acquainted consumer expertise for merchants.
Buying and selling with no custodial dangers
Merging liquidity from each on-chain and off-chain sources, the liquidity hub enhances the buying and selling expertise with out introducing custodial dangers.
If the commerce can’t be executed at a greater worth than the Automated Market Maker (AMM), the transaction defaults to the AMM contract.
This ensures trades are all the time executed on the optimum charge with out the necessity to manually select the liquidity route.
Serving to Fenix Finance develop
The deployment on Fenix marks Orbs’ fifth integration with DEXs on Ethereum Digital Machine (EVM) networks and its debut on Blast, and it follows Fenix Finance’s current $300,000 seed funding spherical led by Orbs.
This funding, together with the brand new liquidity answer, will assist Fenix obtain its objective of providing essentially the most capital-efficient buying and selling expertise on Blast.
Because the launch of the Open Beta in Might 2024, Fenix has attracted over 5,000 customers, producing greater than $150 million in buying and selling quantity.
With Orbs liquidity hub now operational, Fenix is well-positioned to ascertain itself because the main protocol for Blast token buying and selling and liquidity provision.
