IntentX, a decentralized perpetual trade (DEX), has introduced a collaboration with Layer 3 community Orbs, in response to the data shared with Finbold on March 26.
The collaboration marks a big stride within the realm of decentralized finance (DeFi) and entails the mixing of Orbs’ Liquidity Hub into IntentX’s ecosystem with the intention of enhancing consumer entry to identify orders and the perpetual contracts market.
Transcending conventional automated market makers
Orbs Liquidity Hub stands as a cornerstone in DeFi infrastructure, going past conventional automated market makers (AMMs) by harnessing liquidity from each on-chain and off-chain sources.
The platform addresses the problem of fragmented liquidity on DEXs, aggregating liquidity from numerous chains to supply superior pricing in comparison with AMMs.
By partnering with Orbs Liquidity Hub, IntentX joins the ranks of business stalwarts like Quickswap on Polygon and THENA on the BNB chain.
IntentX additionally grew to become the primary platform on the Coinbase Layer 2 chain, Base, to combine with the Liquidity Hub.
This groundbreaking integration signifies a departure from the reliance on DEX AMMs, heralding a brand new period of liquidity provision.
Integrating decentralized orders from exterior sources
Orbs Liquidity Hub diverges from typical DEX swaps facilitated by AMMs in that it leverages on-chain solver auctions and decentralized orders by way of API to supply liquidity.
The on-chain solver auctions permit third-party solvers to vie for swap achievement utilizing on-chain liquidity AMM swimming pools or proprietary stock.
However, decentralized orders from exterior sources cater to institutional {and professional} merchants looking for optimum swap execution.
Decentralization and composability
Crafted by the Orbs venture, Liquidity Hub seeks to supply unrestricted entry and composability.
With IntentX built-in, customers acquire unfettered entry to the community’s expansive liquidity pool free from extra bills.
The collaboration between IntentX and Orbs thus underscores the business’s dedication to innovation and accessibility.
Because the partnership grows, customers can sit up for enhanced liquidity provision and a seamless buying and selling expertise on IntentX.
