A Comprehensive Solution for On-Chain Perpetual Futures Trading

Layer 3 liquidity protocol Orbs has unveiled Perpetual Hub, a holistic on-chain solution for trading perpetual futures. Prior to this development, existing solutions in the market relied on either an order book or virtual liquidity mechanism, both of which were deemed inefficient in terms of capital utilization. With its innovative intent-based approach, Perpetual Hub provides traders with a complete set of tools to optimize their on-chain perpetual trading activities.

Collaboratively developed with SYMMIO and IntentX, Perpetual Hub leverages Orbs' cutting-edge L3 technology to empower traders with the essential resources for executing perpetual futures trades on-chain at CeFi-level efficiency.

Ran Hammer, the Vice President of Business Development at Orbs, expressed enthusiasm about the launch, highlighting its significance in eliminating barriers for blockchain enthusiasts. Emphasizing the popularity of perpetual futures over spot trading, Hammer asserted that Perpetual Hub stands as the premier on-chain solution for perpetual traders, symbolizing Orbs' commitment to excellence in DeFi and web3 technologies.

Both market makers and traders benefit from the on-chain perpetual futures trading support offered by Perpetual Hub. The service comprises three essential components: Price Oracle, Liquidator, and Hedger.

Hedger acts as a market maker, facilitating user orders and providing liquidity through a SYMM-driven interface. Leveraging external liquidity sources such as centralized exchanges like Binance, Hedger serves as the counterparty in trades, ensuring access to unmatched liquidity.

In scenarios where the collateral value falls below the maintenance margin threshold, the Liquidator component comes into play. Liquidators have the authority to liquidate a trader's position, earning a liquidation fee for their services.

Ensuring precise pricing in perpetual trading is paramount, and this is where the Price Oracle component of Perpetual Hub excels. By delivering reliable on- and off-chain data, Price Oracle guarantees accurate order execution, facilitates detection of liquidations, and provides users with uPnL (unrealized profit and loss) information. The operation of Perpetual Hub hinges on the presence of a completely decentralized, trustworthy, and robust price oracle.

These three software solutions, enabled by the decentralized Orbs Network, its Guardians, and the proof-of-stake ecosystem, harness the network's power to empower platforms, market participants, and other entities to offer and manage various decentralized services for perpetual futures trading.

On-chain derivatives currently account for a Total Value Locked (TVL) of $3.4 billion, a fraction of the overall $100 billion TVL of the DeFi sector. From pricing accuracy to order execution efficiency, Perpetual Hub has the potential to enhance all aspects of perpetual futures trading, leading to increased TVL, enhanced user experience, improved safety measures, and bolstered confidence in on-chain perpetual markets.